The negotiations process suggests the buyer and supplier

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Reference no: EM132237836

1. The negotiations process suggests the buyer and supplier need to:

Examine alternatives

Know the other party

Document lessons learned

All of the above

None of the above

2. The product description describes the end product while the statement of work describes the tasks

True

False

3. The UCC and CISG differ in several ways, which of the following is is correct

Statutes of fraud is excluded from the UCC

CISG excludes the transaction relating to consumer

Formation of a contract.

All of the above

None of the above

4. Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs.

True

False

5. The Economic Order Quantity (EOQ) model tells us........

A. how much to order

B. which are higher - holding or ordering costs

C. how to use price discounts

D. when to order

6- When tracking or counting inventory items, we should focus on which items most?

A-items

B-items

C-items

D-tems

7- The Economic Order Quantity (EOQ) model will have the lowest combination of holding and ordering costs

True

False

8- Reorder point (ROP) tells us.....

A. how much to order

B. when to order

C. how to use price discounts

D. which vendor location is best

Reference no: EM132237836

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