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ISM CPSM Bridge Sample Questions:

1. SKICRAFT Industries has developed a new snow ski boot fastener which is state of the are as far as release mechanisms. Which form of intellectual property is this MOST likely classified under?

A) Trademark
B) Trade secret
C) Patent
D) Copyright

2. Typically the supply management professional will have sufficient time for competitive bidding. If increased urgency is required the supply management professional will resort to?

A) Succession bidding where the first bidder to supply wins the awards of the contract.
B) Negotiation for best price best/product service.
C) Rapid ordering system for acquisition.
D) FIRST IN delivery which is the fastest form.

3. Which of the following is not a component of the post-audit evaluation of the decision process or of the value added results?

A) Cost estimation processes
B) Analysis of each element of the process
C) Incremental cost analysis
D) Total cost of ownership

4. Which best practice would the supply management professional use in order to analyze data for the purpose of helping users make better business decisions?

A) Business intelligence
B) Competitive intelligence
C) Benchmarking
D) Reengineering

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

Solutions: