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ISM CPSM Bridge Sample Questions:

1. What is the THIRD step in performing process capability studies?

A) Compute the upper and lower capability indexes.
B) Take k samples of size n where x is an individual observation.
C) Make decisions on whether the process is stable based on the Cpk indexes.
D) Compare the process natural tolerance limits with the specification limits.

2. In lead time and inventory planning the connection of outside parties with the supply management professionals organization is essentially what?

A) Employment and allegiance
B) Supplier and buyer relationship
C) Strategic and mutual
D) Only financial and strictly by contract

3. Which best practice would the supply management professional use in order to analyze data for the purpose of helping users make better business decisions?

A) Competitive intelligence
B) Benchmarking
C) Business intelligence
D) Reengineering

4. Intellectual property is a form of legal risk which is also known as confidential and proprietary information.
Which description would be most appropriate for a trademark?

A) Protection provided by law for authors and creators of intellectual property providing for exclusive rights to publish.
B) An identifying label, symbol, or words which exclusively identify a product or service.
C) A monopoly created by law that gives the patent holder the sole right to make use or sell an article and prevent others from doing so without their permission.
D) Commercial information describing a plan, process, or mechanism which is only known by the owner and a limited number of others, and is commonly protected by a confidentiality agreement.

5. A cost modeling technique where price is projected by estimating the dollar value of each component is what?

A) Past cost analysis modeling technique.
B) Should-cost analysis modeling technique.
C) Benchmarking analysis modeling technique.
D) Would-cost analysis modeling technique.

Solutions: