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ISM CPSM Bridge Sample Questions:

1. The price gap between the highest priced suppliers and the lowest priced suppliers narrows during an auction as supplier's compete against one another. This process is termed?

A) Price compression
B) Price transparency
C) Real time supplier evaluation
D) Price validation

2. A party that arranges for export and import movement of goods for shippers and consignees is a?

A) Freight managing LLC for import and export.
B) Foreign freight forwarder for import and export.
C) Freight consigner for import and export.
D) Freight transporter for import and export.

3. Lose-Lose or confrontational negotiation philosophy is used when?

A) Both parties already know they win in a negotiation.
B) Both parties lose the contract in a negotiation.
C) Both negotiators have a low degree of concern for their own and the others outcomes.
D) Both parties require no negotiation.

4. The decline phase is characterized by what?

A) Slower sales and decline of financial impact.
B) Pursuit of lower cost sources, asset recovery, and use of subcontractors.
C) Decline in overall business volume.
D) Asset recovery and maturity costs.

5. The Institute for Supply management defines the process of planning, implementing, and controlling flow of raw materials and process inventory from point to point, origin to consumption as?

A) Supply management operations.
B) Supply transference between organizations.
C) Goods management operations.
D) Logistics supply management.

Solutions: