ISM CORE DESKTOP-BASED PRACTICE PROGRAM

ISM CORe Desktop-Based Practice Program

ISM CORe Desktop-Based Practice Program

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The final examination of the HBX CORe program is a comprehensive exam that tests students on the knowledge and skills they have acquired throughout the program. CORe exam covers all three courses and consists of multiple-choice questions, case studies, and short essays. CORe exam is timed and must be completed within a specific timeframe. CORe exam is designed to assess students’ mastery of the material covered in the program and their ability to apply that knowledge to real-world business problems.

Passing the HBX CORe Final Examination is a significant achievement and provides students with a valuable credential that demonstrates their mastery of business fundamentals. CORe Exam is graded on a pass/fail basis, and students must achieve a minimum passing score in each section to earn the HBX CORe credential. The credential is recognized by employers and academic institutions worldwide and can help individuals stand out in a competitive job market. Overall, the HBX CORe Final Examination is a rigorous assessment that validates the knowledge and skills acquired throughout the HBX CORe program.

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ISM Supply Management Core Exam Sample Questions (Q146-Q151):

NEW QUESTION # 146
A supply manager submits a request to fill several new positions, along with a proposal for an increased training budget. The new positions are approved, but training funds are cut rather than expanded for the coming year. The supply manager believes that training will be essential for supply management's ability to support organizational strategy. Given this situation, which of the following actions by the supply manager is MOST likely to be effective?

  • A. Have the staff complete the training early in the year
  • B. Develop examples of how training will help employees focus on organizational objectives
  • C. Attempt to fill the new positions with skilled candidates who will not require extensive training
  • D. Fill fewer positions than approved, and use the remaining budget for training

Answer: B

Explanation:
The MOST likely effective action by the supply manager, when training funds are cut, is D. Develop examples of how training will help employees focus on organizational objectives. This approach can demonstrate the value of training to the organization's leadership and may help in securing future funding. It's important to show how training aligns with and supports the strategic goals of the organization123.


NEW QUESTION # 147
Which of the following figures does an analyst need to calculate from the income statement in order to calculate free cash flows?

  • A. Net revenue
  • B. Earnings before interest and taxes
  • C. Gross profit
  • D. Capital expenditures

Answer: B


NEW QUESTION # 148
A U.S.-based supply manager wants to reduce the number of defective parts arriving from an outsourced supplier located in Malaysia. Which of the following is MOST likely to help achieve this goal?

  • A. Sarbanes-Oxley
  • B. Lean manufacturing
  • C. Six Sigma
  • D. COPC 2000

Answer: C

Explanation:
* Quality Improvement: The supply manager wants to reduce the number of defective parts from a supplier in Malaysia.
* Six Sigma: This methodology focuses on reducing defects and improving quality through data-driven analysis and process improvements.
* Implementation: Applying Six Sigma principles can help identify the root causes of defects and implement systematic improvements.
* Continuous Improvement: Six Sigma promotes a culture of continuous improvement, ensuring long-term quality enhancement and defect reduction.
References
* ASQ. (n.d.). Six Sigma: A Comprehensive Overview.
* ISM. (n.d.). Quality Management in Global Supply Chains.


NEW QUESTION # 149
According to the Law of Agency, a supply manager acting as an agent makes decisions and acts in whose interest(s)?

  • A. The interests of the supplier which overlap with those of the buyer
  • B. The interest of the organization that employs him/her
  • C. His/her personal interest
  • D. The interests of the profession

Answer: B

Explanation:
The Law of Agency establishes the legal relationship where an agent (in this case, the supply manager) acts on behalf of a principal (the organization). The supply manager, as an agent, has a fiduciary duty to act in the best interests of the organization that employs them. This means making decisions and taking actions that align with the organization's goals, policies, and best interests, rather than personal interests, professional norms, or overlapping interests of suppliers. References:
* CIPS (Chartered Institute of Procurement & Supply) guidelines on the Law of Agency
* "Supply Management" by David N. Burt, Sheila Petcavage, and Richard Pinkerton


NEW QUESTION # 150
Analysts at a technology company predict that the company will be able to increase the price for its new product after it has been on the market for one year. Which of the following conditions would BEST explain this prediction?

  • A. The firms competing in this industry experience economies of scale.
  • B. Input prices for the product are expected to rise in the future.
  • C. The company faces two well-defined customer segments with different levels of willingness to pay.
  • D. As more products are sold, customers' willingness to pay rises.

Answer: D


NEW QUESTION # 151
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