Which of the following is FALSE about supplier performance management (SPM)?
a. It requires uninterrupted exchange of information, synchronizing buyers’ requirements and suppliers’ capabilities.
b. It is not as comprehensive a tool as the supplier scorecard.
c. Its focus is to resolve problems between suppliers and buyers.
d. It determines whether the suppliers are meeting their contractual obligations.
b. It is not as comprehensive a tool as the supplier scorecard.
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Which of the following advantages is the greatest advantage of observation methods?
A) If the observed phenomenon occurs frequently or is of short duration, observational methods may be cheaper and faster than survey methods. B) The data obtained are reliable because the responses are limited to the alternatives stated. C) Observational methods permit measurement of actual behavior rather than reports of intended or preferred behavior. D) Coding, analysis, and interpretation of data are relatively simple.
Monica paid $12 for a music CD for which she later was offered $15. After that someone offered her $18 for the CD. If Monica keeps the CD, the amount of her opportunity cost is $33.
Answer the following statement true (T) or false (F)
The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.
Answer the following statement true (T) or false (F)
You are considering buying some stock in Continental Grain. Which of the following are examples
of non-diversifiable risks? I. Risk resulting from a general decline in the stock market. II. Risk resulting from a possible increase in income taxes. III. Risk resulting from an explosion in a grain elevator owned by Continental. IV. Risk resulting from a pending lawsuit against Continental. A) II, III, and IV B) I only C) III and IV D) I and II