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ISM CORe Exam Overview:

Certification Vendor:	Institute for Supply Management (ISM)
Exam Name:	ISM Supply Management CORe (CORe) Exam
Exam Number:	CORe
Exam Format:	Multiple-choice questions, Online proctored exam
Available Languages:	English
Recommended Training:	ISM CORe Learning Program
Exam Registration:	ISM CORe Official Program Page
Sample Questions:	ISM CORe Sample Questions
Exam Way:	Online, proctored assessment delivered via ISM/authorized platform
Pre Condition:	No formal prerequisites required
Official Syllabus URL:	https://www.ismworld.org

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ISM Supply Management Core Exam Sample Questions (Q21-Q26):

NEW QUESTION # 21
Which of the following scatterplots shows the strongest positive linear relationship? A)

B)

C)

D)

A. Option B
B. Option D
C. Option A
D. Option C

Answer: A

NEW QUESTION # 22
In preparation for an upgrade to several of its business processes, a firm needs to provide training for key staff members. The firm's supply manager wants to be sure any solicitation for services uses up-to-date specifications and will attract good potential sources. Which of the following should be the FIRST step in accomplishing this?

A. Sending results-based Requests for Proposals (RFP) to known suppliers
B. Issuing a Request for Information (RFI) to identify products and/or sources
C. identifying suitable training packages and requesting bids for delivering them
D. Inviting potential trainers to present their programs to a team of users

Answer: B

NEW QUESTION # 23
Company A is projecting a 10 percent increase in revenue for the next quarter with no significant changes to their operations. Which of the following accounting elements is the LEAST likely to mirror that increase?

A. Capital expenditures
B. Inventory
C. Accounts receivable
D. Cost of goods sold

Answer: A

NEW QUESTION # 24
The procurement team for a construction firm is tasked with identifying a new supplier of small construction tools. The tools will be subject to heavy usage, and the firm wants the team to focus not only on costs but also service, to ensure the items can be repaired or replaced quickly. However, the firm does not want to invest in any specialized service, and the tools do not represent a strategic advantage to the firm. Based on this information, which of the following kinds of partnerships should the procurement team pursue with the supplier?

A. Strategic
B. Operational
C. Basic
D. Vertical

Answer: C

Explanation:
The procurement team needs to find a supplier for small construction tools that will be heavily used and require quick service for repair or replacement. The tools do not provide a strategic advantage and do not warrant specialized services.
* Vertical partnerships are deep, strategic relationships often involving high integration and shared processes.
* Operational partnerships focus on efficiency and effectiveness in daily operations.
* Strategic partnerships involve long-term, mutually beneficial relationships with a high level of collaboration.
* Basic partnerships are transactional, focusing on cost and basic service requirements without deep integration.
Given that the firm does not view the tools as strategically important and seeks to avoid specialized services, a basic partnership is the best fit. This type of partnership focuses on ensuring the supplier can meet the service and cost requirements without the need for deep collaboration or strategic alignment.
References:
* CIPS (Chartered Institute of Procurement & Supply) guidelines on supplier relationship management.
* Institute for Supply Management (ISM) standards on procurement strategies.

NEW QUESTION # 25
Individual orange farmers in a country decide to pool their advertising money and collectively release a new series of advertisements for oranges. Why would the farmers do this?

A. They want to shift the supply curve for oranges to the right.
B. They want to differentiate their brands.
C. They want to shift the demand curve for oranges to the right.
D. They want to increase their market power in the orange production industry.

Answer: C

NEW QUESTION # 26
......

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