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ISM CPSMB Exam Syllabus Topics:

ISM CPSM Bridge Sample Questions:

Question 1

When establishing a satisfactory value figure typical valuation is based on CIF which is (Cost, Insurance,
Freight) or alternatively a ______________ cost basis.

A. SER2 Shadow exchange rate 1
B. FOB (Free on Board)
C. SER1 Shadow exchange rate 1
D. NOER Nominal official exchange rate

Question 2

Supply management functions are increasingly important in relation to organizational budgeting, objectives, staffing, and policy. Supply management professionals must include the elements of organizational composition which include all of the following EXCEPT.

A. An environment where each are as measured separately.
B. An environment within which the smaller parts have a greater effect than the total.
C. An environment within which the whole is greater than the sum of its parts.
D. An environment in which the whole is only compared to benchmarks.

Question 3

Several key statistics are used to evaluate the accuracy of a prediction using regression analysis. Which type of regression analysis descriptor BEST fits Standard Error?

A. Measures the standard deviation of variation of the observed value from the predictive value and determines error.
B. Test for the accuracy of the regression equation. It represents the significance level at which the user would reject the regression as inaccurate.
C. Compares the estimated and actual values of the Y dependent variable ranging from a value of 0 to 1.
D. Represents a decreasing index of the reliability of the calculated result. It proves the 95% confidence level.

Question 4

Competitor analysis is important during the development of a strategy. It is important to understand how to best compete with them for the same sales and market share. Three other answers are correct in terms of competitor analysis which one is not?

A. The actual cost of business for a competitor.
B. Their level of success in those markets.
C. The competitive nature of their products or services.
D. Their share of competitive markets.

Question 5

Eli Boydston is the supply management professional for Critical Mass Industries. He understands he should take a formal approach to the evaluation and implementation of sourcing technology. He is unsure of what steps he should use in an evaluation. Please help him, all of the following are evaluation guidelines with the exception of?

A. Understanding the organizations technology needs
B. Eliminate an implementation plan
C. Evaluating practical solutions
D. Selecting the technology

Solutions: