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| Certification Vendor: | Institute for Supply Management (ISM) |
|---|---|
| Exam Name: | ISM Supply Management CORe (CORe) Exam |
| Exam Number: | CORe |
| Available Languages: | English |
| Exam Format: | Multiple-choice questions, Online proctored exam |
| 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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NEW QUESTION # 85
A technology and design company has created a new type of keyboard with different letter placement to make typing easier and more efficient. This new design is also cheaper to manufacture, and the company is able to price the keyboard lower than its competitors. However, sales have been extremely low. What is the MOST likely explanation?
Answer: A
NEW QUESTION # 86
Which of the following measures can reduce multicollinearity in multiple regression? (Select all that apply.)
Answer: D,E
NEW QUESTION # 87
DEF, Inc. conducts a Request for Information (RFI) to identify suppliers who will be invited to participate in a Request for Proposal (RFP) for technical support. The RFI requires audited financial statements. DEF receives an inquiry from a publicly traded supplier asking if their 10K statement will suffice, and a privately held supplier states that it will only provide its audited financial statement after receiving a nondisclosure agreement from DEF.
Given this situation, which of the following is the BEST course of action for DEF to take?
Answer: D
Explanation:
The best course of action for DEF, Inc. is to issue a revision to the current RFI, listing alternate methods and conditions acceptable in demonstrating financial health. This approach accommodates the concerns of both publicly traded and privately held suppliers, ensuring a fair and inclusive process. It maintains the requirement for financial health demonstration while providing flexibility in how suppliers can meet this requirement.
References:
* "Request for Proposal: A Guide for Effective RFP Process" by Bud Porter-Roth.
* Guidelines on RFIs and RFPs from the National Institute of Governmental Purchasing (NIGP).
* "Procurement Principles and Management" by Peter Baily, David Farmer, Barry Crocker, and David Jessop.
NEW QUESTION # 88
An individual is considering whether to fly or take the train for an upcoming trip. This individual works remotely for $10/hour, but will not be able to work while on the airplane or train. The flight would take two hours and cost $125; the train would take eight hours and cost $50. What are the respective total economic costs of taking the flight and taking the train?
Answer: C
NEW QUESTION # 89
XYZ Company asks a specialized fastener supplier for its help in choosing a fastener for a new product. The supplier recommends its proprietary part for the application. After several months of production, many field issues are reported due to loose fasteners. The supplier refuses to take responsibility, claiming that the blame lies with XYZ. In this situation, which of the following is TRUE?
Answer: D
Explanation:
When a supplier recommends a specific part for an application, and the buying firm relies on this expertise, an implied warranty for fitness for a particular purpose is established. This means the supplier is responsible for ensuring the part is fit for the intended use. Even if the explicit requirements were not detailed, the supplier's recommendation implies a guarantee of suitability. If the fasteners fail, the supplier can be held accountable under this implied warranty. References: Uniform Commercial Code (UCC) Article 2 on Sales, warranty sections, and relevant case law on implied warranties.
NEW QUESTION # 90
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