CPSM1 Online Practice Questions and Answers

A temporary endeavor undertaken to create a unique product or service is called:

A. Project

B. Build

C. Enterprise

D. Development

A macro-level evaluation of an organization's internal and external forces is called:

A. Paradox analysis

B. Functional analysis

C. SWOT analysis

D. Expert analysis

Supply management is involved in projects at the planning stage through source solicitation planning and selection.

A. True

B. False

The re-employment, reuse, recycling or regeneration of something of value that is no longer necessary for the original intent is called:

A. Asset recovery

B. Inventory recovery

C. Financing recovery

D. Supply chain recovery

A progressive approach to control inventory is called:

A. Materials inventory

B. Delays in production approach

C. Supplier-managed inventory

D. Depleted control approach

Which of the following is NOT the phase of business cycle?

A. The highest point output before a downturn

B. Recession through, or lowest point in economic activity

C. Expansion or resuming growth path

D. Leading and Lagging Producer price index

A relatively small amount of the population controlled the majority of the wealth, this is known as:

A. Ratio analysis

B. Statistical analysis

C. Pareto analysis

D. Controlled analysis

At which level, rudimentary contract management processes exist with some informal documentation but there is no accountability for not following the standards and processes?

A. Initial

B. Ad hoc

C. Structured

D. Integrated

Independent organizations that design and manage some or all of an organization's logistical needs are known as:

A. Third-party logistics

B. Freight forward logistics

C. Maintenance logistics

D. Global logistics

Organizations that perform freight auditing are called:

A. Traffic consultants

B. Auditing consultants

C. Transportation consultants

D. Service consultants