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ISM CPSM Bridge Sample Questions:

1. When dealing in foreign markets your objective is to maintain the profit margin in the event the exchange rate varies. Typically to do this you will hedge on the exchange rate or by ______________________ ?

A) Negotiating the contract in the purchasers currency.
B) Utilizing a hedge fund management company.
C) Use economies of scale
D) Negotiating in the sellers currency

2. Shipping damage which is not easy to detect upon the time of delivery is called?

A) Post delivery damage during transit.
B) Reportable damage during transit.
C) Shipper damages during transit.
D) Latent damage during transit.

3. Under the auspice of developing an operating plan, very specific types of deterministic information are used. Which type of deterministic information includes the organizations trends which include mergers and acquisitions, and new market entrants?

A) Magnitude
B) Confidence
C) Geopolitical elements
D) Industry elements

4. An import document which declares a shipment's expected arrival time and relevant shipment details is a/an?

A) Arrival notice
B) Point-of-delivery/time of delivery notice.
C) Delivery shipment notification.
D) Destination notice for delivery.

5. A system common in the design stage which helps with growth and minimizes the potential duplication of efforts and excess inventories is called the?

A) Sturzl part ordering system (SPOS)
B) Specialized part production system (SPPS)
C) Rapid product production system (RPPS)
D) Common part numbering system (CPNS)

Solutions: