Question

Which of the following is/are true of hedging?

Question 62 options:

	A) It is not typically used for purchases of parts and materials from local sources
	B) It can be used to address the risk of buying parts from an international supplier in a foreign currency
	C) Hedging contracts are written typically for 10 or more years in duration
	D) All of the above are true statements
	E) Only A and B are true statements

Reverse auctions should only be used when:

Question 60 options:

	A) The materials or parts are generic, i.e. standard shelf items
	B) All responding suppliers are fully qualified
	C) All supplier materials are identical or at least functionally identical
	D) A and C are correct answers
	E) A, B, and C and correct answers

Answer 1

Question 62

Correct answer is E) Only A and B are true statements

Hedging is not typically used for purchases of parts and materials from local sources and It can be used to address the risk of buying parts from an international supplier in a foreign currency

Question 63

Correct answer is E) A, B, and C and correct answers

Reverse auctions should be used when The materials or parts are generic, i.e. standard shelf items, All responding suppliers are fully qualified, All supplier materials are identical or at least functionally identical