BUAD 331 EXAM 2 QUESTIONS AND ANSWERS

Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - Answer-B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - Answer-B. Customers When purchasing and supply management works well within an organization, the company acquires the best resources from around the world, which allows its to compete on cost, quality, and innovation. A. True B. False - Answer-A. True The following items for an automobile manufacturer would fit in the Supply Commodity category titled "Indirect Materials Office Supply Product category". (images of a pen, whiteout, stapler, water bottle, and pencil) A. True B. False - Answer-A. True