Free 630-005 Questions for ISM C.P.M. Module 1: Purchasing Process 630-005 Exam as PDF & Practice Test Engine
Which of the following is MOST beneficial in an environment where time to market is critical?
Correct Answer: A
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You work as the purchasing manager at Pass4test.com. You discover that staff members of the engineering department have been treated to expensive lunches by a supplier. hich of the following actions should you take?
Correct Answer: B
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You work as a buyer at Pass4test.com. You place an online order containing only price, quantity, and description. You do NOT have a written contract with the supplier. The parts fail inspection, and the supplier claims it is under no obligation for the parts. What would be your FIRST line of action in this situation?
Correct Answer: D
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What is the MAIN purpose of the term "or equal" when a requisition uses a brand name as the specification?
Correct Answer: C
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Which of the following statements is FALSE regarding a purchase order contract that includes the term "C.I.F"?
Correct Answer: C
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Which of the following is the MOST accurate method for calculating and evaluating the economic advantages or disadvantages of purchasing a piece of machinery?
Correct Answer: D
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Under which of the following situations is it MOST appropriate to use competitive bidding?
Correct Answer: B
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Which of the following is NOT a good reason for maintaining records of purchases?
Correct Answer: A
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Which of the following are the MOST important results to measure each month using a supplier performance rating system? (Choose two.)
Correct Answer: B,C
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Suppose Pass4test.com has a 5% profit margin, one dollar of savings in purchases will equal what amount of additional sales for Pass4test.com?
Correct Answer: B
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Which of the following would NOT be included in purchase specifications?
Correct Answer: B
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Which of the following is an element of the initial stage of a cost analysis?
Correct Answer: D
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Which of the following best describes a policy that limits the amount a senior buyer can spend on a single purchase order?
Correct Answer: A
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