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CPSM Diagnostic Exam Newest 2025 Complete
All 150 Questions And Correct Answers (Verified
Answers) |Already Graded A+
A hospital purchases glass laboratory supplies through a co-op. Because
of the volume prices paid by the consortium, the supplier will only offer
generic supplies. As a result, there is considerable variation in quality,
which has led to complaints from internal customers. In this situation,
which of the following should the supply manager do FIRST?
(A) Instruct the co-op to change suppliers
(B) Determine if other members of the co-op have the same problem
(C) Join the co-op's commodity team to increase pressure on the supplier
(D) Inform the supplier that co op payments may be withheld if quality
does not improve - ANSWER-(B) Determine if other members of the co-
op have the same problem
Which of the following is used to confer decision-making power upon
an individual when the regular decision-maker is unavailable?
(A) Assignability provision
(B) Dealer's agreement
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(C) Letter of authorization
(D) Limitation of liability - ANSWER-(C) Letter of authorization
A company hires a supplier to launch a website for a new product. The
implementation is very successful, and the
supplier would like to publicize its efforts in advertising and on its
website, with testimonials from the buying
company's employees. However, the contract prohibits this. Which of
the following is the LEAST likely to be the
reason for the company's position on this matter?
(A) Other suppliers may seek endorsement from the company.
(B) Employees might be targeted for sales pitches by the supplier's
competitors.
(C) The company has a policy of not endorsing suppliers.
(D) The company plans to launch additional websites on its own. -
ANSWER-(D) The company plans to launch additional websites on its
own.
What is the contract term for the obligation of one party to cover the loss
or damage suffered by another parry?
A) Assignment
(B) Confidentiality
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(C) Indemnification
(D) Severability - ANSWER-(C) Indemnification
What is the contract term for a provision to restrict the disclosure of
proprietary information?
A) Assignment
(B) Confidentiality
(C) Indemnification
(D) Severability - ANSWER-(B) Confidentiality
What is the contract term for the transfer by one party of their right or
obligations to another parry?
A) Assignment
(B) Confidentiality
(C) Indemnification
(0) Severability - ANSWER-A) Assignment
A company plans to hire a consulting firm to implement a new employee
benefits website. Which of the following is
MOST appropriate for this contract?
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(A) Cost plus pricing
(B) Loss leader pricing
(C) Market based pricing
(D) Time and material pricing - ANSWER-(D) Time and material
pricing
A supply manager holds a pre-performance conference with a chosen
supplier. This event falls under which of the following areas of
responsibility?
(A) Contract administration
(B) Contract closeout
(C) Earned value management
(D) Project planning - ANSWER-(A) Contract administration
Risk monitoring, as implemented under the process of contract
administration, is MOST likely to take place under the phase or step
known as
(A) performance measurement
(B) performance reporting
(C) pre-performance conference
(D) project closeout - ANSWER-(A) performance measurement
CPSM Diagnostic Exam Newest 2025 Complete
All 150 Questions And Correct Answers (Verified
Answers) |Already Graded A+
A hospital purchases glass laboratory supplies through a co-op. Because
of the volume prices paid by the consortium, the supplier will only offer
generic supplies. As a result, there is considerable variation in quality,
which has led to complaints from internal customers. In this situation,
which of the following should the supply manager do FIRST?
(A) Instruct the co-op to change suppliers
(B) Determine if other members of the co-op have the same problem
(C) Join the co-op's commodity team to increase pressure on the supplier
(D) Inform the supplier that co op payments may be withheld if quality
does not improve - ANSWER-(B) Determine if other members of the co-
op have the same problem
Which of the following is used to confer decision-making power upon
an individual when the regular decision-maker is unavailable?
(A) Assignability provision
(B) Dealer's agreement
,2|Page
(C) Letter of authorization
(D) Limitation of liability - ANSWER-(C) Letter of authorization
A company hires a supplier to launch a website for a new product. The
implementation is very successful, and the
supplier would like to publicize its efforts in advertising and on its
website, with testimonials from the buying
company's employees. However, the contract prohibits this. Which of
the following is the LEAST likely to be the
reason for the company's position on this matter?
(A) Other suppliers may seek endorsement from the company.
(B) Employees might be targeted for sales pitches by the supplier's
competitors.
(C) The company has a policy of not endorsing suppliers.
(D) The company plans to launch additional websites on its own. -
ANSWER-(D) The company plans to launch additional websites on its
own.
What is the contract term for the obligation of one party to cover the loss
or damage suffered by another parry?
A) Assignment
(B) Confidentiality
,3|Page
(C) Indemnification
(D) Severability - ANSWER-(C) Indemnification
What is the contract term for a provision to restrict the disclosure of
proprietary information?
A) Assignment
(B) Confidentiality
(C) Indemnification
(D) Severability - ANSWER-(B) Confidentiality
What is the contract term for the transfer by one party of their right or
obligations to another parry?
A) Assignment
(B) Confidentiality
(C) Indemnification
(0) Severability - ANSWER-A) Assignment
A company plans to hire a consulting firm to implement a new employee
benefits website. Which of the following is
MOST appropriate for this contract?
, 4|Page
(A) Cost plus pricing
(B) Loss leader pricing
(C) Market based pricing
(D) Time and material pricing - ANSWER-(D) Time and material
pricing
A supply manager holds a pre-performance conference with a chosen
supplier. This event falls under which of the following areas of
responsibility?
(A) Contract administration
(B) Contract closeout
(C) Earned value management
(D) Project planning - ANSWER-(A) Contract administration
Risk monitoring, as implemented under the process of contract
administration, is MOST likely to take place under the phase or step
known as
(A) performance measurement
(B) performance reporting
(C) pre-performance conference
(D) project closeout - ANSWER-(A) performance measurement
