ISM Foundation of Supply Management - CPSM1 Exam Practice Test
Question 1
When an organization reduces the number and design of items it uses, this is referred to as:
Correct Answer: A
Question 2
An appraisal process developed to measure and improve an organization's critical core capabilities is called:
Correct Answer: B
Question 3
happens when one or more existing competitors realize an opportunity to improve their position or when they are responding to the pressure from other competitors
Correct Answer: A
Question 4
What includes all activities that occur after a product is finished, including distribution selection, product order response and the return of goods?
Correct Answer: D
Question 5
What is used to establish a relationship between the cost, schedule and technical aspects of a project?
Correct Answer: C
Question 6
A term used to describe a 'one piece flow' business strategy that allows an organization to establish a continuous sequencing of product, within a flow process is known as:
Correct Answer: A
Question 7
confirms that a change has occurred in the economy and tends to follow changes in the economy.
Correct Answer: D
Question 8
Which of the following essentially translate an organization's business plan into an operation plan?
Correct Answer: C
