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1. Reply to the following:
– Define Uniform Commercial Code (UCC), Commercial Law, and Contract Law.
– You have procured a water treatment product through a vendor based on a verbal statement by the vendor on its effectiveness. After using the product, the product doesn’t meet the expectations. Can you legally claim against the vendor? If yes, explain how and what you can claim.
2. Considering written vs. verbal ethics policy, evaluate and explain why it is particularly important in sourcing.
3. Compare and contrast the different types of performance benchmarking.
4. Consider the following: A company should always benchmark performance against a competitor.
– Do you agree or disagree? Provide an analysis of your assessment.

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