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ISM CPSM Bridge Sample Questions:

1. Which of the following is not a part of the Strengths, Weaknesses, Opportunities, and Threats risk assessment technique?

A) Identify a lack of specific capabilities and skills the organization cannot adequately perform.
B) Identification of costs which are prohibitive.
C) Value adding initiatives that are available to and could be undertaken by the organization.
D) Identify risks and potentially unfavorable conditions in the organization of the external environment.

2. The common measures of forecast accuracy include standard error rates, mean squared error, and what?

A) The standard deviation of the error.
B) The total percentage error.
C) The mass percentage error.
D) The mean percentage error.

3. Which trait of the supply management professional would BEST improve their chances of effecting change in the organization?

A) Forcefulness
B) Influence
C) Leverage
D) Ambiguity

4. Several key statistics are used to evaluate the accuracy of a prediction using regression analysis. Which type of regression analysis descriptor BEST fits Standard Error?

A) Test for the accuracy of the regression equation. It represents the significance level at which the user would reject the regression as inaccurate.
B) Measures the standard deviation of variation of the observed value from the predictive value and determines error.
C) Compares the estimated and actual values of the Y dependent variable ranging from a value of 0 to 1.
D) Represents a decreasing index of the reliability of the calculated result. It proves the 95% confidence level.

5. In this type of excess inventory market place the seller takes possession of the items and a commission for the sales in which they are not concerned of the selling amount because they base their fees on a percentage of the price what?

A) Dealer supply management material.
B) Third-party specialist supply management material.
C) Broker supply management material.
D) Local vendor supply management material.

Solutions: