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Online test engine for simulation CPSMB test

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ISM CPSM Bridge Sample Questions:

1. The IRS is free to pursue fraud for a period of?

A) Up to five years from the present calendar date.
B) Indefinitely from the present calendar date.
C) Up to seven years from the present calendar date.
D) Up to thirty years from the present calendar date.

2. Managing an online event or reverse auctions includes traditional sourcing steps as well as procedures unique to the event. Which of the following is not a component of step TWO which is "Generate supplier profiles"?

A) Define the category
B) Determine the value added capabilities of the supplier's
C) Identify qualified suppliers
D) Determine which suppliers could possibly be future suppliers

3. Payment terms define the discount rate for early payment of loans and the amount of time for repayment.
Net 30 days means what?

A) Payment of the entire invoiced amount is to be made 30 days after receipt.
B) Payment of the entire invoiced amount is to be made between 1 and 45 calendar days.
C) Payment of the entire invoiced amount is to be made within 30 days of the invoice date.
D) Payment of the entire invoiced amount is to be made in 31 calendar days.

4. Corrective action is required for a process that?

A) Is faulty in design.
B) Has increased costs for the organization.
C) Is greater that 1 standard deviation from the norm.
D) Has digressed from the planned course.

5. The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe an authority that is implied by law to enable the agent to carry out the express authority granted by the principal is?

A) Implied authority
B) Actual authority
C) Expressed authority
D) Apparent authority

Solutions: