Question 1 (1 point) A company has the following financial information (in millions of $): Sales $ 2

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Question 1 (1 point)

A company has the following financial information (in millions of $):

Sales $ 277
Cost of goods sold
Direct labor 21
Materials 133
Overhead 17
All other costs 71
Pretax earnings 35

What is the percentage increase in earnings from a 5% savings in materials purchasing?

Question 1 options:

1)

5.0%

2)

14.3%

3)

12.63%

4)

19.0%

Question 5 (1 point)

Which of the following is a sourcing strategic decision?

Question 5 options:

1)

Which products or services should be supplied from offshore?

2)

How should suppliers be managed on an ongoing basis?

3)

Which suppliers should be selected to provide the desired products or services?

4)

All of these choices.

Question 7 (1 point)

When the majority of the company’s business is given to one supplier and other suppliers are treated as backup suppliers, this is called

Question 7 options:

1)

a preferred supplier strategy.

2)

a dual sourcing strategy.

3)

a cross-sourcing strategy.

4)

a spend consolidation strategy.

Question 9 (1 point)

When purchasing finds savings in the cost of goods sold,

Question 9 options:

1)

this is called the purchasing effect.

2)

such savings fall directly to the bottom line.

3)

both of the above are true.

4)

neither of the above is true.

Question 10 (1 point)

Transaction costs tend to be higher for commodities, especially when multiple suppliers are in competition with each other.

Question 10 options:

1) True

2) False

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