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ISM CPSM Bridge Sample Questions:

1. The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe an authority that is implied by law to enable the agent to carry out the express authority granted by the principal is?

A) Actual authority
B) Apparent authority
C) Expressed authority
D) Implied authority

2. Which "supplier characteristic" includes a supplier who has fixed costs preventing them from further price reductions?

A) Product application
B) Quality problems
C) Inability to reduce costs
D) Inventory management

3. Supply management functions are increasingly important in relation to organizational budgeting, objectives, staffing, and policy. Supply management professionals must include the elements of organizational composition which include all of the following EXCEPT.

A) An environment within which the smaller parts have a greater effect than the total.
B) An environment where each are as measured separately.
C) An environment within which the whole is greater than the sum of its parts.
D) An environment in which the whole is only compared to benchmarks.

4. Which contemporary E-sourcing tool is intended to automate and streamline the procurement process from requisition to final invoice?

A) Purchase order systems
B) EDI
C) e-RFx
D) Reverse auctions

5. Sydney Johnson is the supply management professional for Scott Textile Industries of North America.
Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. Which regulation would most impact her organizations tariffs, quantity restrictions and subsidies in international trade?

A) Davis Bacon Act
B) Federal Acquisition Regulations
C) General Agreement on Tariffs and Trade (GATT)
D) False Claims Act

Solutions: