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CPSM1 - Foundation of Supply Management - Real Exam Questions

Vendor Name ISM
Exam Code CPSM1
Exam Name Foundation of Supply Management
Questions and Answers 128 Q & A
Updated On September 19, 2017
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CPSM1 Demo and Sample

Note: Answers are below each question.
Samples are taken from full version.

CPSM1


QUESTION: 120

Which of the following is NOT the group of International Commercial Terms?


  1. Group E

  2. Group F

  3. Group C

  4. Group K


Answer: D


QUESTION: 121

Terms where the seller is responsible for delivering the goods to a carrier named by the buyer is the:


  1. Group E

  2. Group F

  3. Group C

  4. Group K


Answer: B


QUESTION: 122

The supply management professional may use which mean to resolve the logical conflicts?


  1. Litigation

  2. Negotiation

  3. Acceptance

  4. All of the above


Answer: D


QUESTION: 123

When both parties end a negotiation feeling content with what they have bargained, this is referred to as:


  1. Procurement scheme

  2. win-win proposition

  3. Superior intention

  4. Disputed proposal


Answer: B


QUESTION: 124

Organizations that perform freight auditing are called:


  1. Traffic consultants

  2. Auditing consultants

  3. Transportation consultants

  4. Service consultants


Answer: A


QUESTION: 125

Which of the following is the area of concern to logistics?


  1. Inventory

  2. Transportation

  3. Customer service

  4. All of the above


Answer: D


QUESTION: 126

A measure of velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called:


  1. Inventory proceeds

  2. Inventory turnover


  3. Inventory yield

  4. Inventory return


Answer: B


QUESTION: 127

The costs of logistics services should be determined; these costs plus an added value or markup becomes the:


  1. Transfer price

  2. Productivity cost

  3. Operational price

  4. Professional supply cost


Answer: A


QUESTION: 128

A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.


  1. True

  2. False


Answer: A

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