1) A bill of materials a) is a structured list of all the materials or parts needed to produce one unit of a finished product b) is rarely revised once established c) will lead to sufficient MRP system performance as long as the threshold degree of accuracy of approximately 75% is met d) is used as an input for dispatching decisions on the shop floor

2) Which of the following statements is NOT correct? a) A strong purchasing function requires a bidding process for all purchases made b) A request for quotation (RFQ) asks for product, procurement terms, and price information c) A reverse auction is a type of RFQ process d) A request for proposal asks suppliers how they would solve a problem