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ISM CPSMB Exam Syllabus Topics:

ISM CPSM Bridge Sample Questions:

1. Suppose your company produces roofing shingles. You have a chart which shows housing starts which is the (independent variable) and shingle sales which is the (dependent) variable. The usage of shingles can be attributed to housing starts. In forecasting which model would BEST fit your analysis?

A) Winters model
B) Future sales based on past sales
C) Least squares/regression model
D) Box-Jenkins model

2. Johnson Chemical Company has developed a new synthetic lubricant for machinery which is protected by a confidentiality agreement. Which form of intellectual property is this MOST likely classified under?

A) Copyright
B) Trade secret
C) Patent
D) Trademark

3. In order to effectively manage risks, the supply management professional must conduct risk planning which includes confirming the current state of the organization as well as conducting impact assessments.
If the supply management professional was exploring the occurrence for identified risks based on available information which step of risk planning are they performing?

A) The scope phase of risk planning
B) The Identification phase of risk planning
C) The probability estimation phase of risk planning
D) Valuation phase of risk planning

4. Technology that can reduce the number of inbound containers that must be inspected in customs and thereby reducing processing time is called?

A) Smart container systems for customs expeditions.
B) Smart impact container systems (SICS).
C) Smart box technology for customs.
D) Smart impact systems for customs expeditions.

5. Several key statistics are used to evaluate the accuracy of a prediction using regression analysis. Which type of regression analysis descriptor BEST fits p-Value?

A) Measures the standard deviation of variation of the observed value from the predictive value and determines error.
B) Test for the accuracy of the regression equation. It represents the significance level at which the user would reject the regression as inaccurate.
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.

Solutions: