[Sep-2021] CPSM Dumps Full Questions - ISM CPSM Exam Study Guide
Exam Questions and Answers for CPSM Study Guide
NEW QUESTION 53
Which of the following is NOT the type of statement of work (SOW)?
- A. Performance SOW
- B. Level of effort SOW
- C. Design SOW
- D. Project SOW
Answer: C
NEW QUESTION 54
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:
- A. Transfer price
- B. Productivity cost
- C. Operational price
- D. Professional supply cost
Answer: A
NEW QUESTION 55
Third parties who act as intermediaries between buyer and seller are known as:
- A. Dealer
- B. Brokers
- C. Agent
- D. Negotiator
Answer: B
NEW QUESTION 56
What assess performance over a set period of time, most often the preceding year, and recognize accomplishments and successes?
- A. Formative evaluations
- B. Challenging evaluations
- C. Summative evaluations
- D. Conductive evaluations
Answer: C
NEW QUESTION 57
Employees who posses a desirable knowledge, for example in the area of contract negotiations, and are hired for their mental skills are referred to as:
- A. Skilled workers
- B. supply management workers
- C. knowledge workers
- D. decision makers
Answer: C
NEW QUESTION 58
A progressive approach to control inventory is called:
- A. Supplier-managed inventory
- B. Delays in production approach
- C. Depleted control approach
- D. Materials inventory
Answer: A
NEW QUESTION 59
What refers to the set of electronic tools used by world-class organizations to generate,
process, transfer, interpret and use information?
- A. Trend technology
- B. Information technology
- C. Information transmittal
- D. Information retrieval system
Answer: B
NEW QUESTION 60
Independent organizations that design and manage some or all of an organization's logistical needs are known as:
- A. Maintenance logistics
- B. Freight forward logistics
- C. Global logistics
- D. Third-party logistics
Answer: D
NEW QUESTION 61
What is useful when organizations are forecasting the effects of economic trends on national or worldwide supply and demand?
- A. Customized pooling
- B. Microdata
- C. Macrodata
- D. Growing manufacturing
Answer: C
NEW QUESTION 62
A project manager is assigned to a project, either full-time or part-time, depending on the size of the project, and then must negotiate for the services of individual team members with each appropriate functional manager in:
- A. Functional Organization
- B. Project Organization
- C. Control Organization
- D. Matrix Organization
Answer: D
NEW QUESTION 63
That fact that minor changes in customer demand can become exaggerated as that demand is communicated up that supply chain is referred to as:
- A. embellished effect
- B. inflation effect
- C. bullwhip effect
- D. amplification effect
Answer: C
NEW QUESTION 64
Any material, component or product that is held for use at a later time is known as:
- A. Asset
- B. Cash
- C. Inventory
- D. Record
Answer: C
NEW QUESTION 65
What involves selected practices and
measurements
that are
compared from one organization to another?
- A. Process assessment
- B. Benchmarking
- C. Cultural reviews
- D. Flowcharting
Answer: B
NEW QUESTION 66
The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:
- A. Performance specification
- B. Performance life cycle
- C. Six sigma
- D. Quality model
Answer: C
NEW QUESTION 67
Making environmentally
conscious
decisions throughout the purchasing process beginning with product and process design through product disposal is known as:
- A. Logistic purchasing
- B. None of the above
- C. Purchasing Agreement
- D. Green purchasing
Answer: D
NEW QUESTION 68
Contract statement of work is the output of which process group?
- A. Planning
- B. Monitoring
- C. Closing
- D. Organizing
Answer: A
NEW QUESTION 69
What help supply management personnel develop an appropriate sourcing strategy for items purchased, based on profit impact and supply risk?
- A. Two-by-Two Indexing matrix
- B. Two-by-Two portfolio matrix
- C. Bilateral alternative matrix
- D. Mutual commodity-based matrix
Answer: B
NEW QUESTION 70
A form of network diagram that graphically portray the sequential relationships and interdependence between the project tasks is called:
- A. Steps Forward Method
- B. Development Method
- C. Evolutionary Method
- D. Critical Path Method
Answer: D
NEW QUESTION 71
Which of the following is NOT the area of Sarbanes-Oxley Act?
- A. Leadership time
- B. Waiting period
- C. Audit committees
- D. Loan prohibition
Answer: A
NEW QUESTION 72
Which of the following is NOT the phase of business cycle?
- A. Leading & Lagging Producer price index
- B. Recession through, or lowest point in economic activity
- C. Expansion or resuming growth path
- D. The highest point output before a downturn
Answer: A
NEW QUESTION 73
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