QUESTION NO: 1
In benchmarking a project or process the planning stage involves 10 steps which step happens last?
In benchmarking a project or process the planning stage involves 10 steps which step happens last?
Correct Answer: B
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QUESTION NO: 2
Multiple sourcing methods are available for supply management professionals through negotiation and competitive bidding. When the market consists of a large number of suppliers, ____________ bidding is the best course of action.
Multiple sourcing methods are available for supply management professionals through negotiation and competitive bidding. When the market consists of a large number of suppliers, ____________ bidding is the best course of action.
Correct Answer: A
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QUESTION NO: 3
The supply management professional at a company realizes a weakness during a SWOT analysis that involves the decision making process and the organizational experience. Which analysis process would the professional choose?
The supply management professional at a company realizes a weakness during a SWOT analysis that involves the decision making process and the organizational experience. Which analysis process would the professional choose?
Correct Answer: D
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QUESTION NO: 4
Which of the following is not a restricted material by the Restriction of Hazardous Substances Directive
(RoHS)?
Which of the following is not a restricted material by the Restriction of Hazardous Substances Directive
(RoHS)?
Correct Answer: B
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QUESTION NO: 5
Under the auspice of developing an operating plan, very specific types of deterministic information are used. Which type of deterministic information includes the organizations objectives for revenue, market share, and profit margin?
Under the auspice of developing an operating plan, very specific types of deterministic information are used. Which type of deterministic information includes the organizations objectives for revenue, market share, and profit margin?
Correct Answer: B
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QUESTION NO: 6
What are the largest costs of a supply management audit?
What are the largest costs of a supply management audit?
Correct Answer: D
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QUESTION NO: 7
The supply manager determines surplus and slow moving inventory is wasting the assets in terms of opportunity costs as well as the cost to carry these goods on inventory. These goods are referred to as?
The supply manager determines surplus and slow moving inventory is wasting the assets in terms of opportunity costs as well as the cost to carry these goods on inventory. These goods are referred to as?
Correct Answer: A
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QUESTION NO: 8
If a supply management professional recommends the purchasing of an ordering system that reduces cycle time they are affecting or enacting what?
If a supply management professional recommends the purchasing of an ordering system that reduces cycle time they are affecting or enacting what?
Correct Answer: A
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QUESTION NO: 9
The function of the Occupational Safety and Health Review Commission (OSHRC) is to?
The function of the Occupational Safety and Health Review Commission (OSHRC) is to?
Correct Answer: A
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QUESTION NO: 10
The goal of the supply management professional for inventory disposition is to disposition?
The goal of the supply management professional for inventory disposition is to disposition?
Correct Answer: C
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QUESTION NO: 11
Ratification is an after the fact approval by a principal of an unauthorized action that was taken by an agent. There are four requirements of a ratification which include 1) the action taken by the agent would have had to have been legal if the agent would have had proper authority. And, three of the following responses but NOT which one?
Ratification is an after the fact approval by a principal of an unauthorized action that was taken by an agent. There are four requirements of a ratification which include 1) the action taken by the agent would have had to have been legal if the agent would have had proper authority. And, three of the following responses but NOT which one?
Correct Answer: A
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QUESTION NO: 12
Win-Win or cooperational negotiation philosophy is likely to be used when?
Win-Win or cooperational negotiation philosophy is likely to be used when?
Correct Answer: D
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QUESTION NO: 13
When coordinating and monitoring the movement of equipment and assets within the organization the assets such as reputation or trademark which have value but cannot be touched are?
When coordinating and monitoring the movement of equipment and assets within the organization the assets such as reputation or trademark which have value but cannot be touched are?
Correct Answer: C
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QUESTION NO: 14
Items which include depreciation and appreciation over time and are a measure of an organizations financial performance are called?
Items which include depreciation and appreciation over time and are a measure of an organizations financial performance are called?
Correct Answer: A
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QUESTION NO: 15
The supply management policy which includes the business practices and interactions with suppliers such as responses to bids and fair treatment is the?
The supply management policy which includes the business practices and interactions with suppliers such as responses to bids and fair treatment is the?
Correct Answer: B
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