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| Section | Objectives |
|---|---|
| Topic 1: CPSM Bridge Exam Content Areas | - Supply Chain Management and Operations
|
1. Win-Lose or adversarial/competitive negotiation philosophy is likely to be used when?
A) The negotiator has a high degree of concern for their outcome and a low degree of concern for the other party's outcome.
B) Each party hopes the other loses in a negotiation.
C) One party wins and one party loses in a negotiation.
D) The negotiator only has concern for their negotiations or outcome in a negotiation.
2. The examination of the suppliers price proposal or bid comparison of reasonable benchmarks without examination and evaluation of the separate elements of cost is referred to as ?
A) Adequacy of cost in a bid proposal.
B) Benchmarking analysis for a bid proposal.
C) Price analysis for a bid proposal.
D) Supplier costing analysis of a bid proposal.
3. The supply management policy which addresses purchases from suppliers who are also customers of the buying organization is the?
A) Competitive bidding policy
B) Social responsibility policy
C) Reciprocity policy
D) Supplier relations and treatment of suppliers policy
4. In a risk analysis the BEST definition of the leverage category is?
A) Both the risk and potential benefits are low and there is low potential for impact on the organizational success.
B) Both risks and benefits are high and there is a high level of impact on organizational success.
C) The risk is high and potential benefits are low. This category may contain unique items.
D) The risk is low but potential benefits are high and there is a low level of supply market complexity.
5. In order to effectively manage risks, the supply management professional must conduct risk planning which includes confirming the current state of the organization as well as conducting impact assessments.
If the supply management professional was exploring immediate problems and their effects on second and third tier events which step of risk planning are they performing?
A) The probability estimation phase of risk planning
B) The scope phase of risk planning
C) The Identification phase of risk planning
D) Valuation phase of risk planning
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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