QUESTION 14 This agreement is usually three to five years in length, typically require a higher level of interaction between trading partners, and pays the supplier using transaction-based pricing triggers. a. Approved provider O b. Preferred provider O c. Vested outsourcing agreement O d. Performance based agreement QUESTION 15 There are many types of e-sourcing. Web portals which offer an online store for buyers and suppliers to conduct transactions would be called: O a. RTP applications. O b. Reverse auctions. O c. Supplier catalogue sites. Od. Electronic marketplaces. QUESTION 16 In lean manufacturing, waste is categorized according to their sources. One of the eight wastes in lean manufacturing identified by company engineers was producing more thanrequired by demand, creating excess inventory and making it difficult to track errors. The term used to represent this type of waste is called: a. Overproduction. O b. Unnecessary inventory