True or False:

1. When deciding on whether to make or buy an item or service, it is important to understand what the relevant costs are.

2. One factor to consider in a make vs. buy decision is potential proprietary risk.

3.Procurements increased involvement in the purchase of services may be explained by the high dollars spent on services and the opportunities to reduce costs

4. Large dollar non-repetitive purchases will usually require a more formal procurement process.