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ISM CPSM Bridge Sample Questions:

1. Jane Winslow is the supply management professional for Carter candles. She is performing a risk benefit analysis based on her spend categories. She is evaluating an expenditure which has high risk and low benefit this would be most likely categorize as which category in a risk benefit analysis?

A) Strategic
B) Tactical
C) Leverage
D) Bottleneck

2. All of the following EXCEPT ______________ are model components of the Box-Jenkins model.

A) Time analysis
B) Model selection
C) Model checking
D) Parameter estimation

3. Costs associated with having inventory available are called?

A) Carrying costs of the supply management operations.
B) Overhead costs of the supply management operations.
C) Holding costs of the supply management operations.
D) Nontransferable costs of the supply management operations.

4. Johnson Chemical Company has developed a new synthetic lubricant for machinery which is protected by a confidentiality agreement. Which form of intellectual property is this MOST likely classified under?

A) Copyright
B) Trade secret
C) Patent
D) Trademark

5. Competitor analysis is important during the development of a strategy. It is important to understand how to best compete with them for the same sales and market share. Three other answers are correct in terms of competitor analysis which one is not?

A) Their share of competitive markets.
B) Their level of success in those markets.
C) The competitive nature of their products or services.
D) The actual cost of business for a competitor.

Solutions: