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Some new questions:
Q
The ultimate goal of a supply contract is to achieve which of the following outcomes?
A. Minimize the risk of stockouts for the buyer.
B. Reduce the risk of excess inventory for the supplier.
C. Share risk and increase profits for both entities.
D. Decrease quality issues and product returns.
Q
A firm purchases a product requiring high quality, but it is not a critical or high-value item. What is the targeted supplier qualification level for this product?
A. Approved
B. Preferred
C. Certified
D. Partnered
Q
The purpose of the Global Reporting Initiative (GRI) is to summarize which of the following guidelines?
A. Sustainability reporting guidelines regardless of country
B. Country-specific best practices in sustainability reporting
C. Continent-specific best practices in sustainability reporting
D. Governmental sustainable reporting regulations
Q
Which of the following outcomes is most likely to result when lot size increases?
A. Setup costs will increase.
B. Inventory carrying cost will increase.
C. Operating expenses will increase.
D. Total profit will increase.
…………….