[Dec 20, 2023] Get Unlimited Access to CPSM Certification Exam Cert Guide [Q13-Q35]

QUESTION 13
A performance measurement and management document that records the ratings from an evaluation process is known as:

QUESTION 14
According to Juran, which of the following three management processes are essential for all organizations?

QUESTION 15
Which of the following is NOT the type of budget that the supply management budget includes?

QUESTION 16
The underlying assumption is that a forecast can be created based on which of the following patterns observed within the time series data?

QUESTION 17
Employees who posses a desirable knowledge, for example in the area of contract negotiations, and are hired for their mental skills are referred to as:

QUESTION 18
The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:

QUESTION 19
Which of the following is NOT the element o0f a project plan?

QUESTION 20
The amount of reserve capacity that a firm maintains to handle sudden increases in demand or temporary losses of production capacity is called:

QUESTION 21
The
demand forecast
for
all
products and services then is used to create a _, which breaks down all labor and material requirements, usually by quarter.

QUESTION 22
What usually refers to a particular type of computer software package that integrates various functions within an organization?

QUESTION 23
At which level, rudimentary contract management processes exist with some informal documentation but there is no accountability for not following the standards and processes?

QUESTION 24
What can be described as a precise and measurable variable that is inherently present in the characteristics of a product or service?

QUESTION 25
What is useful when organizations are forecasting the effects of economic trends on national or worldwide supply and demand?

QUESTION 26
confirms that a change has occurred in the economy and tends to follow changes in the economy.

QUESTION 27
A method of measuring an organization’s activities in terms of its vision and strategies is the:

QUESTION 28
A useful tool for summarizing and displaying the distribution of a process data set is called:

QUESTION 29
The sourcing process has moved from the initial stage to where it is used more repeatedly because of external pressures in which level of process maturity?

QUESTION 30
The adaptation which responds
to the needs
of the
organization by using a combination of functional, matrix and projectized structures is known as:

QUESTION 31
What involves taking out an investment that will specifically reduce or cancel out the risk in another investment?

QUESTION 32
Which of the following is NOT the group of International Commercial Terms?

QUESTION 33
A temporary endeavor undertaken to create a unique product or service is called:

QUESTION 34
Any material, component or product that is held for use at a later time is known as:

QUESTION 35
A standard
of point
of reference
used in measuring or judging an organization’s performance according to selected criteria is called: