ISM Foundation of Supply Management - CPSM1 Exam Practice Test

What defines work scope, sets the expectations and defines the relationship between the organization and the service provider?
Correct Answer: D
Two back-to-back quarters of negative gross domestic product growth is referred to as:
Correct Answer: D
The ratio of annual operating income to the total capital put in the business is called:
Correct Answer: C
According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?
Correct Answer: B
That fact that minor changes in customer demand can become exaggerated as that demand is communicated up that supply chain is referred to as:
Correct Answer: D
The goal of method is to find one
or more independent variables that are good predictors of the dependent variable.
Correct Answer: B
A horizontal bar chart used in project management that is commonly used to plot the planned and actual progress of project activities is known as:
Correct Answer: B
A tool used
to develop
the technical
specifications necessary
to meet customer requirements is called:
Correct Answer: A
A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.
Correct Answer: B