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            ISM



            CPSM1







            Foundation of Supply Management










            https://killexams.com/pass4sure/exam-detail/CPSM1









               QUESTION: 120

               Which of the following is NOT the group of International Commercial Terms?


               A. Group E
               B. Group F
               C. Group C
               D. Group K


               Answer: D


               QUESTION: 121
               Terms where the seller is responsible for delivering the goods to a carrier named by the buyer
               is the:


               A. Group E
               B. Group F
               C. Group C
               D. Group K


               Answer: B


               QUESTION: 122

               The supply management professional may use which mean to resolve the logical conflicts?


               A. Litigation
               B. Negotiation
               C. Acceptance
               D. All of the above


               Answer: D


               QUESTION: 123
               When both parties end a negotiation feeling content with what they have bargained, this is
               referred to as:









                                                             38










               A. Procurement scheme
               B. win-win proposition
               C. Superior intention
               D. Disputed proposal


               Answer: B


               QUESTION: 124
               Organizations that perform   freight auditing are called:


               A. Traffic consultants
               B. Auditing consultants
               C. Transportation consultants
               D. Service consultants


               Answer: A


               QUESTION: 125

               Which of the following is the area of concern to logistics?


               A. Inventory
               B. Transportation
               C. Customer service
               D. All of the above


               Answer: D


               QUESTION: 126
               A measure of velocity of total inventory  movement through the organization, found by
               dividing annual sales by the average aggregate inventory value maintained during the year is
               called:


               A. Inventory proceeds
               B. Inventory turnover








                                                             39









               C. Inventory yield
               D. Inventory return


               Answer: B


               QUESTION: 127
               The costs of logistics services should be determined; these costs plus an added value or markup
               becomes the:


               A. Transfer price
               B. Productivity cost
               C. Operational price
               D. Professional supply cost


               Answer: A


               QUESTION: 128
               A scoreboard is simply a form of performance measurement and management that records the
               ratings from a performance evaluation process.


               A. True
               B. False


               Answer: A





























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