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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

2 Subjects

Week 1 - Quiz

Week 1 - Quiz

Q 1. Which of the following statements is TRUE? 2. Benefits derived from implementing e-procurement systems include all of the following EXCEPT: 3. According to the textbook, supply chains include raw material suppliers, intermediate component manufacturers, end-product manufacturers, wholesale distributors, and retailers. 4. Which of the following documents is considered the buyer's offer to purchase products or services from a supplier, is legally binding once the supplier accepts it, and usually has the terms and conditions of purchase preprinted on the back of the document? 5. The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect.

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1. Strategic partnerships are seen as one of the foundations of supply chain management 2. Creates numerous additional job opportunities in the purchasing department 3. True 4. Purchase order 5. False