ISM CORe Exam Questions in Convenient PDF Format

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The HBX CORe Final Examination is designed to be challenging but fair. Participants have three hours to complete the exam and must achieve a passing score of 70% or higher to earn the HBX CORe certificate. CORe exam is proctored and monitored to ensure the integrity of the assessment process. Participants who pass the exam will receive a digital certificate that they can use to showcase their understanding of business fundamentals to potential employers or colleagues.

The HBX CORe (Credential of Readiness) program is a unique online learning experience that has been designed by Harvard Business School. The program is designed to provide learners with a foundational understanding of business concepts and practices. The program is comprised of three courses: Financial Accounting, Business Analytics, and Economics for Managers. The program is designed to provide learners with the knowledge, skills, and tools needed to succeed in today's business world.

The HBX CORe (Credential of Readiness) is an online program offered by Harvard Business School that aims to equip individuals with the fundamental skills needed to succeed in a business environment. The program is designed for students, professionals, and entrepreneurs who want to gain a deeper understanding of business concepts such as economics, accounting, and analytics. The HBX CORe program consists of three courses: Business Analytics, Economics for Managers, and Financial Accounting, and upon completion, students are awarded a credential of readiness from Harvard Business School.

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ISM Supply Management Core Exam Sample Questions (Q97-Q102):

NEW QUESTION # 97
DEF, Inc. is a medium-sized manufacturer in the precious metals industry. Continued price increases in precious metals have put a strain on the financial resources of suppliers, and while some have closed their businesses, others have converted to lower cost metals. DEF's supply manager is concerned not only about the evaporation of the specialty supply base but also that marketing efforts into new online markets are providing new growth and renewed demand for long-established product lines. The supply manager determines that although little precious raw material Is used internally in the organization, the combined volumes from component manufacturers are large and growing.
Which of the following should the supply manager employ to gain value under these conditions?

A. Risk avoidance
B. Value stream mapping
C. Multi-tier purchasing agreements
D. Transformation management

Answer: C

NEW QUESTION # 98
A large manufacturing firm has offices across the country. The company wants to obtain the best price and reduce administrative costs associated with procuring office supplies. Which of the following would be BEST suited to the firm's needs?

A. Master purchasing agreement
B. Manufacturing resource planning
C. Blanket agreement
D. Indefinite delivery contract

Answer: C

Explanation:
A blanket agreement is best suited to the firm's needs to obtain the best price and reduce administrative costs for procuring office supplies. A blanket agreement allows the company to negotiate a fixed price for supplies over a specified period and simplifies the procurement process by reducing the need for multiple purchase orders. This type of agreement can leverage the firm's total buying power to achieve cost savings and reduce the administrative burden associated with frequent individual purchases.
References:
* Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2015). Purchasing and Supply Chain Management.
* ISM (Institute for Supply Management). (2020). ISM Glossary of Key Supply Management Terms.

NEW QUESTION # 99
A student wants to analyze the relationship between the percentage of the population in a given city with some college experience and the newspaper circulation in that city. College experience is defined as the percentage of adults in the city that have completed high school and taken some classes at the college level. The appropriate data were collected and a regression analysis was performed, the results of which are displayed below.

Assuming a 5% significance level, what can be said about the relationship between newspaper circulation and the percent of the population with some college experience?

A. The student should reject the null hypothesis: there is enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
B. The student should not reject the null hypothesis: there is not enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
C. The student should reject the null hypothesis: there is not enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
D. The student should not reject the null hypothesis: there is enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.

Answer: B

NEW QUESTION # 100
The government of a country intends to limit pollution by issuing factories tradable permits to pollute. In order for this pollution market to function successfully, the government must:

A. Decide the equilibrium price of a unit of pollution.
B. Mandate that the most efficient companies completely eliminate pollution.
C. Determine the desired level of total pollution from the factories.
D. Prevent the trading and selling of pollution credits between companies.

Answer: C

NEW QUESTION # 101
The assets of Company A at the end of their fiscal year are shown on the following common-size table.

Company A is MOST likely to be which of the following types of business?

A. Brewery
B. Commercial bank
C. Car dealership
D. Law firm

Answer: A

NEW QUESTION # 102
......

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​​​ISM CORe Exam Questions in Convenient PDF Format

Braindump CORe Free - CORe Test Dumps

ISM Supply Management Core Exam Sample Questions (Q97-Q102):

ISM CORe Exam Questions in Convenient PDF Format