CPSM Bridge Exam (CPSMB) Free Practice Test

Question 1

The supply management policy which highlights issues that supply management professionals may face when conducting business with suppliers and includes such topics as conflict of interest, gifts, and meals is the?

A. Supplier relations and treatment of suppliers policy

B. Ethics policy

C. Competitive bidding policy

D. Social responsibility policy

Correct Answer: B

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Question 2

________________________ establishes reporting requirements for asset categories.

A. The Department of Commerce.

B. The Sarbanes-Oxley Act.

C. The Internal Revenue Service.

D. The Securities Exchange Commission.

Correct Answer: B

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Question 3

If the supply management professional was developing information for a forecasting model in which they developed a consensus on matching requirements and capabilities to most effectively meet customer requirements within constraints imposed by the supply chain capabilities. They are in effect developing what?

A. Usage modeling for the organization.

B. The demand management of the organization.

C. Future supply needs of the organization.

D. Production strategy for the organization.

Correct Answer: B

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Question 4

Jane Winslow is the supply management professional for Carter candles. She is performing a risk benefit analysis based on her spend categories. She is evaluating an expenditure which has high risk and high benefit this would be most likely categorize as which category in a risk benefit analysis?

A. Bottleneck

B. Strategic

C. Leverage

D. Tactical

Correct Answer: B

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Question 5

Capital equipment is equipment used by an organization that depreciates over time, is used in production potential and?

A. Improves efficiency for supply management operations.

B. Costs less than a predetermined threshold value

C. Costs more than a predetermined threshold value.

D. Is reusable on multiple levels in the organization.

Correct Answer: C

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Question 6

The contract closeout process ensures that all administrative matters on the contract are physically complete. Which of the following is not included in the contract closeout process?

A. The property disposition process.

B. Final audit process.

C. Final product or service acceptance.

D. Final payment process.

Correct Answer: B

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Question 7

Which of the following is not one of components of organizational strategy?

A. Supply management strategies

B. Business unit strategies

C. Corporate strategies

D. Competitor strategies

Correct Answer: D

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Question 8

And is when seeking a foreign source supply management professional should first determine what they want from the target outsource key considerations include all the following with the exception of

A. US worker laws

B. Geography

C. Local laws

D. People and culture

Correct Answer: A

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Question 9

In benchmarking a project or process the planning stage involves 10 steps which step happens last?

A. Develop action plans.

B. Recalibrate benchmarks.

C. Implement specific actions and monitor progress.

D. Establish functional goals.

Correct Answer: B

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Question 10

As the supply management professional executes strategic sourcing plans and is performing a market analysis and risk benefit analysis, using the risk benefit quadrant formula a factor which is STRATEGIC would have which level of risk and benefit?

A. High risk, high benefit

B. Low risk, high benefit

C. Low risk, low benefit

D. High risk, low benefit

Correct Answer: A

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Question 11

Which choice is correct for the five contributions supply management should contribute to organizational success?

A. SOW, RFP, review, selection, notification

B. Identifying, Acquiring, Accessing, Positioning, Managing

C. Ordering, fulfilling, transportation, inventorying, disposal

D. Acquiring, Inventorying, Supporting, Auditing, Managing

Correct Answer: B

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Question 12

Ellie Chrysler is the supply management professional for Silvey Flower Company. She notices capabilities are not matching demands in terms of what actually exists and what should exist. What would be her
BEST course of action?

A. Perform a gap analysis.

B. Perform industry benchmarking.

C. Perform a SWOT analysis.

D. Initiate a strategic retreat.

Correct Answer: A

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Question 13

Potential benefits can be a significant in outsourcing, risks tend to rise when outsourcing to emerging markets. In this instance the potential risks of international sourcing include all the following EXCEPT.

A. Innovation that may not be available domestically

B. Quality

C. Politics

D. Security

Correct Answer: A

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Question 14

A good method to increase security and integrity of asset tags is to include?

A. QR code used on inventory items.

B. Parallel codes used on materials and supplies.

C. Barcodes used on inventory items.

D. Serializing materials and supplies.

Correct Answer: D

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ISM CPSM Bridge (CPSMB) Free Practice Test