[Oct-2021] CPSM Dumps Full Questions - ISM CPSM Exam Study Guide
Exam Questions and Answers for CPSM Study Guide
NEW QUESTION 41
Third parties who act as intermediaries between buyer and seller are known as:
- A. Dealer
- B. Brokers
- C. Agent
- D. Negotiator
Answer: B
NEW QUESTION 42
What usually refers to a particular type of computer software package that integrates various functions within an organization?
- A. Enterprise resource planning
- B. Information resource planning
- C. Process resource planning
- D. Materials resource planning
Answer: A
NEW QUESTION 43
An operations philosophy that stresses creating customer value through the elimination of
waste is called:
- A. Lean operation
- B. Filtered Process flow
- C. Revised operation
- D. Six sigma operation
Answer: A
NEW QUESTION 44
The purpose of is to determine whether or not an organization's financial
statements are
prepared in accordance with generally
accepted accounting principles.
- A. Financial audit
- B. Operational audit
- C. Functional audit
- D. Principal audit
Answer: A
NEW QUESTION 45
A managerial and organizational approach used to integrate the supply management functions in an organization is referred to as:
- A. Materials management
- B. Procurement management
- C. Production management
- D. Purchasing management
Answer: A
NEW QUESTION 46
A method of measuring an organization's activities in terms of its vision and strategies is the:
- A. Balanced scoreboard
- B. Business leaderships
- C. Correlated action process
- D. Hallucination process
Answer: A
NEW QUESTION 47
Organizations that perform freight auditing are called:
- A. Service consultants
- B. Transportation consultants
- C. Auditing consultants
- D. Traffic consultants
Answer: D
NEW QUESTION 48
The process of accessing progress toward achieving predetermined goals is called:
- A. Support center
- B. Efficiency evaluation
- C. Professional development
- D. Performance measurement
Answer: D
NEW QUESTION 49
A macro-level evaluation of an organization's internal and external forces is called:
- A. Paradox analysis
- B. SWOT analysis
- C. Functional analysis
- D. Expert analysis
Answer: B
NEW QUESTION 50
An inventory management program where information is submitted electronically from the customer to supplier is called:
- A. Add-on program
- B. Continuous replenishment program
- C. None of the above
- D. Front office program
Answer: B
NEW QUESTION 51
A valid concept of connectedness that allows an organization to maintain a high level of confidence in its distribution system is the:
- A. Allocation warehouse
- B. Virtual warehouse
- C. Implicit warehouse
- D. Commodity warehouse
Answer: B
NEW QUESTION 52
The process which begins by understanding the product such as its value, its physical characteristics such as length, height, width, and weight and its fragility is called:
- A. Packaging optimization
- B. Product optimization
- C. Flood flow gain
- D. Process Throughput
Answer: A
NEW QUESTION 53
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:
- A. Transfer price
- B. Productivity cost
- C. Operational price
- D. Professional supply cost
Answer: A
NEW QUESTION 54
What provides an illustration of the project's scope sand all tasks become the basic for monitoring the project's progress?
- A. Process flow structure
- B. Progress structure
- C. Work breakdown structure
- D. Project manual structure
Answer: C
NEW QUESTION 55
The re-employment, reuse, recycling or regeneration of something of value that is no longer necessary for the original intent is called:
- A. Inventory recovery
- B. Asset recovery
- C. Supply chain recovery
- D. Financing recovery
Answer: B
NEW QUESTION 56
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