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ISM CPSM Bridge Sample Questions:

1. The uniform set of rules used to clarify the risks, costs, and obligations of buyers and sellers in international transactions is called?

A) International transactions of the International Chamber of Commerce (ICC).
B) Incoterms The International Commercial Terms
C) International terms of the International Chamber of Commerce (ICC).
D) Uniform rules of the International Commercial Terms.

2. Under the auspice of developing an operating plan, very specific types of deterministic information are used. Which type of deterministic information includes the organizations objectives for revenue, market share, and profit margin?

A) Industry elements
B) Strategic plan
C) Geopolitical elements
D) Historical elements

3. The most cost effective way to dispose of inventory is?

A) Sell it back to the supplier.
B) Landfill disposal of excess supply management material.
C) Donation of excess supply management material.
D) Recycling through recycle entities.

4. What are the largest costs of a supply management audit?

A) The cost of time taken by personnel to answer questions or retrieve auditor requests for data.
B) The cost of a repeat visit by an auditor.
C) The cost of auditor airfare, transportation, and lodging.
D) The cost of added hours required of the supply management professional.

5. In the Voluntary Inter-industry Commerce Solutions Association, CPFR model, sales forecasting is accomplished in which phase?

A) Demand and supply management.
B) Analysis and execution of operations.
C) Strategy and analysis development.
D) Strategy and planning preplanning.

Solutions: