ISM CPSM1 Exam Actual Questions

Name: Foundation of Supply Management
Brand: QA4Exam
SKU: CPSM1
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The questions for CPSM1 were last updated on Sep 15, 2024.

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Question No. 1

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

AInventory

BTransportation

CCustomer service

DAll of the above

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Correct Answer: D

Question No. 2

A measure of velocity of total inventory movement through the organization, found bydividing annual sales by the average aggregate inventory value maintained during theyear is called:

AInventory proceeds

BInventory turnover

CInventory yield

DInventory return

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Correct Answer: B

Question No. 3

The costs of logistics services should be determined; these costs plus an added value ormarkup becomes the:

ATransfer price

BProductivity cost

COperational price

DProfessional supply cost

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Correct Answer: A

Question No. 4

A scoreboard is simply a form of performance measurement and management thatrecords the ratings from a performance evaluation process.

ATrue

BFalse

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Correct Answer: A

Question No. 5

With what an organization's inventory values are kept continuously in line with itsactual inventory on hand?

AServices inventory control system

BPerpetual inventory control system

CPeriodic inventory control system

DTemporary inventory control system

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Correct Answer: B

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