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CPSM1 | Foundation of Supply Management

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CPSM1 - Foundation of Supply Management - braindump

Vendor ISM
Exam Number CPSM1
Exam Name Foundation of Supply Management
Questions 128 Q & A
Recent Update December 11, 2017
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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


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


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


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


Organizations that perform freight auditing are called:

  1. Traffic consultants

  2. Auditing consultants

  3. Transportation consultants

  4. Service consultants

Answer: A


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


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


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


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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