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ISM CPSM Bridge Sample Questions:

1. The supply management policy which addresses purchases from suppliers who are also customers of the buying organization is the?

A) Competitive bidding policy
B) Reciprocity policy
C) Social responsibility policy
D) Supplier relations and treatment of suppliers policy

2. 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 require Sydney to ensure local wage standards, prevailing wage and participation in her organizations business particularly for a government building contract?

A) Davis Bacon Act
B) The Robinson- Patman Act
C) General Agreement on Tariffs and Trade (GATT)
D) Americans with Disabilities Act (ADA)

3. Implementation to full scale production or ramp up for new products or services includes sales projections, staffing requirements, operations capacity, logistics capabilities, supplier capability and
_____________________ ?

A) Environmental impact assessment
B) Process reengineering
C) Review of international tariff law
D) Lead time and inventory planning

4. The supply management policy which includes issues which are related to the diversity of the supplier base and the desire to purchase environmentally friendly alternatives is the?

A) Ethics policy
B) Competitive bidding policy
C) Social responsibility policy
D) Supplier relations and treatment of suppliers policy

5. Intellectual property is a form of legal risk which is also known as confidential and proprietary information.
Which description would be most appropriate for a trade secret?

A) Commercial information describing a plan, process, or mechanism which is only known by the owner and a limited number of others, and is commonly protected by a confidentiality agreement.
B) A monopoly created by law that gives the patent holder the sole right to make use or sell an article and prevent others from doing so without their permission.
C) An identifying label, symbol, or words which exclusively identify a product or service.
D) Protection provided by law for authors and creators of intellectual property providing for exclusive rights to publish.

Solutions: