ISM CPSM1 CPM Exam Questions 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

That fact that minor changes in customer demand can become exaggerated as thatdemand is communicated up that supply chain is referred to as:

Aembellished effect

Bamplification effect

Cbullwhip effect

Dinflation effect

Answer : C

Question 3

By using which process, the financial services provider improved an established sourcingprocess to convey clear expectations to service providers?

ADMAIC (define, measure, analyze, improve, control)

BDMATM (define, manage, analyze, test, maintenance)

CDMADV (define, measure, analyze, design, verify)

DDMMDV (develop, measure, manage, distribute, maintenance)

Answer : A

Question 4

What can be described as a precise and measurable variable that is inherently present inthe characteristics of a product or service?

AQuality

BCost

CTime

DEquipment

Answer : A

Question 5

Postproduction inspections to ensure the quality of a good or service, and end of processactivity to control quality is referred to as:

AQuality management

BQuality assurance

CQuality control

DQuality improvement

Answer : C

Question 6

Forecasters also estimate bias by using a ______________, which is a ratio of therunning sum of forecast errors to the cumulative Mean Absolute Deviation (MAD).

AKey pointer

BSingle period method

CTracking signal

DMean square error method

Answer : C

Question 7

Establishing an organization's consistent physical and functional characteristics for itsmaterials is known as:

ARegularity

BMeasurement

CConsistency

DStandardization

Answer : D

ISM Foundation of Supply Management CPSM1 CPM Exam Questions