ISM - CORe - Supply Management Core Exam–High Pass-Rate Best Practice
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ISM Supply Management Core Exam Sample Questions (Q151-Q156):
NEW QUESTION # 151
During a business downturn, a supply manager for RST, Inc. learns that its key supplier is becoming concerned about the firm's unpaid invoices. In this situation, the BEST course of action for the supply manager to take would be to
Answer: A
NEW QUESTION # 152
Company B recorded a transaction with a debit of $10,000 to deferred revenue and a credit of $10,000 to revenue. Which of the following situations BEST describes the transaction that would lead to this journal entry?
Answer: A
NEW QUESTION # 153
UVW, Inc. issues a Request for Quotation (RFQ) for urgently-needed safety equipment. The equipment must be installed immediately in order to keep the firm in compliance with safety regulations. UVW is contacted by a small, minority-owned company which asks for two more weeks to submit its quotation, as its technical expert is out sick. In this situation, which of the following is the MOST appropriate course of action for UVW to take?
Answer: C
NEW QUESTION # 154
When developing a category management plan, which of the following is the BEST reason for soliciting cross-functional input?
Answer: D
Explanation:
Soliciting cross-functional input when developing a category management plan is crucial because it ensures that the plan considers the perspectives and requirements of various stakeholders and functional areas. This collaboration helps in creating a comprehensive and effective plan that addresses the needs of the entire organization, leading to more sustainable and long-term solutions.
References
* CIPS (Chartered Institute of Procurement & Supply). Cross-functional Team Collaboration in Category Management.
* ISM (Institute for Supply Management). Benefits of Cross-functional Teams in Supply Management.
NEW QUESTION # 155
A student is deciding whether to attend a two-year graduate school program. The tuition is $12,500 per year and the cost of books and supplies is an additional $1,000 per year. The studentcould work instead of going to graduate school and earn $50,000 per year. What is the economic cost of attending graduate school for the student?
Answer: C
NEW QUESTION # 156
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