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ISM CPSM Bridge Sample Questions:

1. When establishing a satisfactory value figure typical valuation is based on CIF which is (Cost, Insurance,
Freight) or alternatively a ______________ cost basis.

A) SER1 Shadow exchange rate 1
B) SER2 Shadow exchange rate 1
C) NOER Nominal official exchange rate
D) FOB (Free on Board)

2. A financing term where the allocation of a portion of the value of an asset as an expense in the current period is called?

A) Current period allocation of an asset or property.
B) Depreciation of an asset or property.
C) Allocated costs of an asset or property.
D) Asset valuation of an asset or property.

3. In the Voluntary Inter-industry Commerce Solutions Association CPFR model order fulfillment crosses which two phases?

A) Strategy and planning
B) Analysis and execution
C) Strategy and analysis
D) Demand and supply management

4. Sydney Johnson is the supply management professional for Scott Textile Industries of North America.
Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. Which regulation would provide for the recovery of damages upon proof of loss to the government through the award or performance of a government contract?

A) False Claims Act
B) North American Free Trade Agreement (NAFTA)
C) Prompt Payment Act
D) Service Contract Act

5. The proactive compilation of requirements including customers and information regarding demand such as, sales and marketing and the organizations capabilities from the supply side as well as the development of a consensus regarding the ability to match the requirements and capabilities impose for the supply chain are referred to as the?

A) Make versus buy analysis
B) Specification rationalization
C) Demand management
D) Inventory or asset management

Solutions: