1. What best describes e-procurement:
A. works best in long-term contract situations but is not suited for auctions.
B. is the same thing as Internet purchasing.
C. has many benefits but requires a lot of paperwork.
D. is illegal in all states except Nevada and New Jersey.
E. All of the above are true of e-procurement.
2. A large capacity cushion is appropriate when:
A. A make-to-stock process is used
B. A firm is attempting to capture market share in a growing industry
C. The market for its products or services is shrinking
D. A firm wants its capacity to match average demand