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ISM CPSMB Exam Syllabus Topics:

ISM CPSM Bridge Sample Questions:

1. Which of the following BEST serves as a definition for the supply management operating plan?

A) Schedule of events and responsibilities detailing actions to accomplish goals.
B) Plan which lists the annual goals for supply management.
C) List of requirements to track what is getting done.
D) Plan that lists what needs to be accomplished for the strategic goals.

2. The price gap between the highest priced suppliers and the lowest priced suppliers narrows during an auction as supplier's compete against one another. This process is termed?

A) Price validation
B) Price transparency
C) Real time supplier evaluation
D) Price compression

3. When coordinating and monitoring the movement of equipment and assets within the organization the asset which lasts more than a year and impacts shareholder value is/are ______________ ?

A) Fixed assets of the supply management organization.
B) Perennial assets of the supply management organization.
C) Current assets of the supply management organization.
D) Stakeholder assets of the supply management organization.

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

5. What are the two associated risks when developing a supplier exit strategy?

A) Employee morale and supply limitations.
B) Lack of supply and customer complaints.
C) Legal and financial requirements.
D) Supplier confrontation and negative publicity.

Solutions: