All of the following are associated with the Sarbanes-Oxley Act of 2002 except:

Question 1All of the following are associated with the Sarbanes-Oxley Act of 2002 except:

  Establishes criminal and civil penalties

  Requires periodic reporting

  Establishes international accounting standards

  Accurate financial reporting

 Question 2Profit margin equals cost minus price.

  True

  False

Question 3Price and cost is the same thing to a supply chain professional.

  True

  False

 Question 4All of the following are variable costs except:

  Direct labor

  Property taxes

  Material

  Sales commissions

 Question 5The elements of cost include all of the following except:

  Standards

  Direct

  Indirect

  Goodwill

 Question 6Indirect costs include:

  Material and labor

  Fixed costs

 Question 7Price and cost are not the same thing to a supply chain professional.

  True

  False

 Question 8Direct costs include:

  Property taxes

  Building maintenance

  Training

  Labor

 Question 9Price analysis includes examining:

  Proposals

  Bids

  Benchmarks

  All of the above

 Question 10Center-led purchasing allows for decentralized strategic direction and centralized execution of plans.

  True

  False

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