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CPSM1 Exam Questions & Answers

Exam Code: CPSM1

Exam Name: Foundation of Supply Management

Updated: Apr 19, 2024

Q&As: 128

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Practice These Free Questions and Answers to Pass the ISM CPSM Exam

Questions 1

According to Project Management Institute, which of the following is NOT the process group of project?

A. Initiating

B. Organizing

C. Executing

D. Closing

Show Answer
Questions 2

A lean manufacturing technique in which the transformation of materials is traced from beginning to end to determine if there is waste in the process is called:

A. Value stream mapping

B. State map technique

C. Fair market value mapping

D. Customized stream mapping

Show Answer
Questions 3

Establishing an organization's consistent physical and functional characteristics for its materials is known as:

A. Regularity

B. Measurement

C. Consistency

D. Standardization

Show Answer
Questions 4

A managerial and organizational approach used to integrate the supply management functions in an organization is referred to as:

A. Purchasing management

B. Procurement management

C. Materials management

D. Production management

Show Answer
Questions 5

A contract in which one party obtains use of another party's asset is called:

A. License

B. Charter

C. Agreement

D. Lease

Show Answer

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