ISM CPSM1 CPM Exam Practice Test Instant Access

Question 1

The goal of __________________ method is to find one or more independentvariables that are good predictors of the dependent variable.

ALeast squares regression

BCasual modeling

CPayoff regression

DAssociative modeling

Answer : A

Question 2

A progressive approach to control inventory is called:

AMaterials inventory

BDelays in production approach

CSupplier-managed inventory

DDepleted control approach

Answer : C

Question 3

Which of the following are the steps to proposal solicitation?

AOrigination, qualification and Projection

BSelection, qualification and Management

CCooperation, Foundation and negotiation

DOrigination, qualification and negotiation

Answer : D

Question 4

What defines work scope, sets the expectations and defines the relationship between theorganization and the service provider?

ATechnology agreements

BService level agreement

CProcess level agreements

DCounterfeit analysis agreements

Answer : B

Question 5

The team begins by identifying a problem and then describing it, which is known as:

ADigression statement

BFeasibility statement

CDeviation statement

DExplanatory progress

Answer : C

Question 6

Seasonality can be forecast using a multiplicative model to create a seasonal index.

ATrue

BFalse

Answer : A

Question 7

Services provided from third parties fall into which of the following area?

AConsulting

BCustomization

CMaintenance/ Support

DAll of the above

Answer : D

ISM Foundation of Supply Management CPSM1 CPM Exam Practice Test