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[Sep-2021] Verified ISM Exam Dumps with CPSM Exam Study Guide
NEW QUESTION 18
A practice that involves purchasing professional in the new product or service development process from its inception is called:
- A. Early purchasing Improvement
- B. Initializing consent
- C. Statement of work flow
- D. Service level professionalism
Answer: A
NEW QUESTION 19
The adaptation which responds
to the needs
of the
organization by using a combination of functional, matrix and projectized structures is known as:
- A. Organic structure
- B. Natural structure
- C. Crude structure
- D. Inorganic structure
Answer: A
NEW QUESTION 20
A solicitation document used to obtain price quotes for a specified product or service is known as:
- A. Cost summons
- B. Price Provocation
- C. Temptation for bid
- D. Invitation for bid
Answer: D
NEW QUESTION 21
A form of network diagram that graphically portray the sequential relationships and interdependence between the project tasks is called:
- A. Steps Forward Method
- B. Development Method
- C. Evolutionary Method
- D. Critical Path Method
Answer: D
NEW QUESTION 22
A relatively small amount of the population controlled the majority of the wealth, this is known as:
- A. Statistical analysis
- B. Pareto analysis
- C. Ratio analysis
- D. Controlled analysis
Answer: B
NEW QUESTION 23
Two back-to-back quarters of negative gross domestic product growth is referred to as:
- A. Recession
- B. Hunch
- C. Nose-dive
- D. Obsolescence
Answer: A
NEW QUESTION 24
According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?
- A. a description of the problem under consideration
- B. post-recommended solution
- C. options available to solve the problem
- D. benefits, costs, risks and feasibility for each available option
Answer: B
NEW QUESTION 25
Applying the value of existing equipment against the purchase of new is referred to as:
- A. Action
- B. Trade-in
- C. Bidding
- D. Equipment sales
Answer: B
NEW QUESTION 26
The
demand forecast
for
all
products and services then is used to create a _, which breaks down all labor and material requirements, usually by quarter.
- A. aggregate plan
- B. Top-down strategy
- C. aggregate forecast
- D. scheduling forecast
Answer: A
NEW QUESTION 27
A term used to describe a 'one piece flow' business strategy that allows an organization to establish a continuous sequencing of product, within a flow process is known as:
- A. Just-in-time scheduling
- B. Online scheduling
- C. Inventory scheduling
- D. Flow manufacturing
Answer: D
NEW QUESTION 28
Coding activities might include:
- A. All of the above
- B. issues approval
- C. needs notification
- D. Direct responsibility
Answer: A
NEW QUESTION 29
A method of measuring an organization's activities in terms of its vision and strategies is the:
- A. Balanced scoreboard
- B. Business leaderships
- C. Correlated action process
- D. Hallucination process
Answer: A
NEW QUESTION 30
A standard
of point
of reference
used in measuring or judging an organization's performance according to selected criteria is called:
- A. Performance assessment
- B. Benchmarking
- C. None of the above
- D. Process revelation
Answer: B
NEW QUESTION 31
Which of the following is NOT the type of statement of work (SOW)?
- A. Performance SOW
- B. Level of effort SOW
- C. Design SOW
- D. Project SOW
Answer: C
NEW QUESTION 32
A contract in which one party obtains use of another party's asset is called:
- A. Lease
- B. Charter
- C. License
- D. Agreement
Answer: A
NEW QUESTION 33
A managerial and organizational approach used to integrate the supply management functions in an organization is referred to as:
- A. Materials management
- B. Procurement management
- C. Production management
- D. Purchasing management
Answer: A
NEW QUESTION 34
A tool used
to develop
the technical
specifications necessary
to meet customer requirements is called:
- A. Quality function deployment
- B. Quality forecast
- C. Quality Matrix
- D. House of Quality
Answer: A
NEW QUESTION 35
Which of the following essentially translate an organization's business plan into an operation plan?
- A. Staffing plan
- B. Services resources
- C. Requirement plan
- D. Capital investment plan
Answer: A
NEW QUESTION 36
Items under review are classified in one of the following risk categories EXCEPT?
- A. Non-critical items
- B. Operational items
- C. Leveraged items
- D. Bottleneck items
Answer: B
NEW QUESTION 37
What is used to lessen the potential biases commonly found using a jury of executive opinion?
- A. Series foundation forecasting method
- B. Delphi method
- C. Structured method
- D. Averaging method
Answer: B
NEW QUESTION 38
A facility used
for
receiving, storing
and
organizational strategies is known as a:
- A. Commodity
- B. Terminus
- C. Depot
- D. Warehouse
Answer: D
NEW QUESTION 39
A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:
- A. Cycle counting
- B. Continuous inventory
- C. Reconciliation
- D. None of the above
Answer: A
NEW QUESTION 40
Which system was designed to align individual, unit and organizational efforts with the strategic goals set for the organization?
- A. Internal business systems
- B. Interrelationship of Measurements systems
- C. Performance evaluation system
- D. Performance effectiveness management system
Answer: D
NEW QUESTION 41
Organizations less familiar with the discipline of project management usually begin by creating task forces or committees within each role to tackle problem, known as:
- A. Functional structure
- B. Performance Management
- C. Procurement Management
- D. Procedural structure
Answer: A
NEW QUESTION 42
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