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ISM CPSM Bridge Sample Questions:

1. As the supply management professional which is the FIRST step of the corrective action process?

A) Establishment of timeframes for corrective action.
B) Developing the audit report.
C) Performing the cost benefit analysis of the action undertaken.
D) Prioritization of the steps in implementation.

2. Which of the following is the FIRST step in assessing an organizations category specific sourcing opportunities?

A) Performing a spend analysis
B) Performing a market analysis
C) Performing a cost analysis
D) Performing a risk analysis

3. Several key statistics are used to evaluate the accuracy of a prediction using regression analysis. Which type of regression analysis descriptor BEST fits Significant F?

A) Measures the standard deviation of variation of the observed value from the predictive value and determines error.
B) Represents a decreasing index of the reliability of the calculated result. It proves the 95% confidence level.
C) Compares the estimated and actual values of the Y dependent variable ranging from a value of 0 to 1.
D) Test for the accuracy of the regression equation. It represents the significance level at which the user would reject the regression as inaccurate.

4. To support organization or project objectives the supply management professional must meet the operational requirements which include all of the following EXCEPT.

A) To secure supplies from the right source.
B) To secure supply delivered to the right internal customer.
C) To secure supply delivered on time and in the right quantity.
D) To buy products and services at the lowest cost.

5. A mission statement indicates the purpose of the organization, it also typically seeks to establish all of the following EXCEPT one of these answers.

A) A general statement of key contributions the organization makes to its customers.
B) Set forth values in a critical area.
C) How the organization wishes to be perceived by the public.
D) A few key activities which will be accomplished.

Solutions: