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ISM CPSM Bridge - CPSMB Exam Practice Test

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Total 565 questions

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Question 1

Steering committee meetings require careful management. THREE of the following actions must all be practiced. Which one does not necessarily need to occur? Choose the BEST choice of answer.

A. Discuss competing projects B. Discuss barriers to the program C. Document the meeting in writing D. Review any action items from the last meeting and next steps.

Correct Answer: A

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Question 2

All of the following are forms of measurement method potential distortions EXCEPT?

A. Internal training of the organization B. Validity of data as collected C. Source of data measurements D. Subjectivity of end user

Correct Answer: C

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Question 3

Ratification is an after the fact approval by a principal of an unauthorized action that was taken by an agent. There are four requirements of a ratification which include 1) the action taken by the agent would have had to have been legal if the agent would have had proper authority. And, three of the following responses but NOT which one?

A. The principle must have existed when the agent acted. B. The action must have been taken for the specific principal who was ratifying the action. C. During the time of ratification the principal must know all relevant facts surrounding the action. D. The purchase must have been made for personal use.

Correct Answer: D

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Question 4

When coordinating and monitoring the movement of equipment and assets within the organization the assets used to create more money is/are?

A. Investment assets B. Intangible assets C. Costing assets D. Improvement assets

Correct Answer: A

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Question 5

As the supply management professional executes strategic sourcing plans and is performing a market analysis and risk benefit analysis, using the risk benefit quadrant formula a factor which is LEVERAGE would have which level of risk and benefit?

A. Low risk, low benefit B. Low risk, high benefit C. High risk, high benefit D. High risk, low benefit

Correct Answer: B

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Question 6

Which supplier collaboration process seeks to integrate the supply chain and empower suppliers to manage replenishment?

A. Make versus buy analysis B. Specification rationalization C. Demand management D. Inventory or asset management

Correct Answer: D

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Question 7

The best asset tracking system for warehouse tracking would be? Choose the BEST response.

A. Excel databases for tracking electronically. B. Kanban indexing for improved tracking. C. Radio frequency identification devices. D. Hand count for tracking and paper audit.

Correct Answer: C

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Question 8

The activities of an organization can be divided into three groups. Ancillary activities can BEST be defined as?

A. Activities that are necessary to realize an organizations value add B. Activities required to operate but are sufficiently generic across most organizations C. The source of an organizations differentiation in the marketplace D. Activities which determine need

Correct Answer: B

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Question 9

The ISM glossary defines a _________________ as a claim against a carrier due to loss of or damage to goods transported by a carrier.

A. Supply management freight claim. B. Supply management damage claim. C. Supply management freight discrepancy. D. Supply management freight order.

Correct Answer: A

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Question 10

Which of the following is not a part of the Strengths, Weaknesses, Opportunities, and Threats risk assessment technique?

A. Identification of costs which are prohibitive. B. Value adding initiatives that are available to and could be undertaken by the organization. C. Identify a lack of specific capabilities and skills the organization cannot adequately perform. D. Identify risks and potentially unfavorable conditions in the organization of the external environment.

Correct Answer: A

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Question 11

One way to categorize market conditions is through the product life cycle which consist of five stages:
precommercialization, introduction, growth, decline and?

A. End stage of the five stages of the product life cycle. B. Productivity stage of the five stages of the product life cycle. C. Maturity stage of the five stages of the product life cycle. D. Advancement stage of the five stages of the product life cycle.

Correct Answer: C

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Question 12

Which of the following is the correct definition of a corrective action process as defined by the ISM glossary?

A. Action taken to request an audit determining issues requiring correction. B. The formal request of an audit to determine deficiencies. C. Action taken to bring a process that has veered off the planned course back on track. D. A list of steps to be performed in order to correct a problem.

Correct Answer: C

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Question 13

The actual recording, handling and management of carrier responsible loss or damage is referred to as?

A. Damage representation process. B. Claims monitor process for damage. C. Claims handling process for damage. D. Claims process for damage.

Correct Answer: C

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Question 14

By managing the "country of origin" the supply management professional may increase what?

A. Foreign good will for the organizations. B. Foreign presence for the organizations. C. The reliability of supply for the organizations. D. Shipping cost reduction for the organizations.

Correct Answer: C

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Question 15

Which "item characteristic" includes price increases due to poor planning?

A. Product application B. Global sourcing C. Availability of supply D. Cost

Correct Answer: D

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Page: 1 / 38
Total 565 questions

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