Supply management support to its company success hinges

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Reference no: EM132227378

1. T/F Supply management’s support to its company’s success hinges on its ability to reduce costs, enhance revenues and manage assets.

2. T/F If there are multiple sources for an identical requirement then the use of purchasing by specification is a typical approach.

3. Business Consultant: Our analysis of managerial effectiveness reveals that the skill sets of managers play a vital role in the success of the organization. It is especially important that the skills that entry-level managers have match those required to actually perform their job. Every entry-level manager who received an unsatisfactory rating was found to lack some of these required skills. Since the entry-level positions in this organization require technical skills, I recommend that the selection process for entry-level managers focus on ensuring that candidates have the technical skills required for entry-level positions.

If all of the business consultant's statements are true, which of the following must also be true?

A. Every entry-level manager who received at least a satisfactory rating had the required technical skills.

B. All the entry-level managers who lacked the required skills received an unsatisfactory rating.

C. The most successful managers had the greatest technical skills.

D. The only possible ratings for entry-level managers are "satisfactory" and "unsatisfactory."

E. All managers who had the required technical skills did not receive an unsatisfactory rating.

4. Which of the following is true?

It follows from the individual model of business that executives should often sacrifice the interests of individual stockholders for the good of society.

The idea that businesses should strive to make a profit by serving society follows from the criteria for when to fight a battle.

Most engineering codes of ethics would disapprove of doing significant environmental harm in order to make a small profit from a video game.

From the considerations in when to break the rules, it follows that one ought to stick closely to the rules in a friendly game of poker, since sticking to the rules is more important in informal settings than they are in formal settings.

It follows from the principle of universality that the universe is infinite.

Reference no: EM132227378

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