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ISM CPSM Bridge Sample Questions:

1. An organization that needed to dispose of excessive quantities of spare elevator motors which are no longer needed for maintenance would most likely use a _________________ type of excess inventory market place.

A) Third-party specialist
B) Dealer
C) Broker
D) In-house

2. Just in time delivery requires smaller deliveries will help reduce buyer organization deliveries but may have negative consequences if the supplier must make small production runs because they lose the economies of scale. What is the impact of this system?

A) Economies of scale are increased.
B) More frequent small deliveries could lead to transportation cost increases.
C) The number of deliveries is increased.
D) The volume of deliveries is reduced.

3. ________________________ establishes reporting requirements for asset categories.

A) The Department of Commerce.
B) The Securities Exchange Commission.
C) The Internal Revenue Service.
D) The Sarbanes-Oxley Act.

4. If a supply management professional were developing a forecast. What two sets of information are the basis for their creation?

A) Determined and planned
B) Planned and orchestrated
C) Deterministic and probabilistic
D) Future and current

5. The shippers export declaration does what?

A) Is a list of container contents
B) Compiles trade statistics and prevents illegal exports
C) Declares the contents of the shipment
D) Declares export intentions for the shipper.

Solutions: