CPSM Practice Questions Exam 1 with Answers
of the following which two A
statements make up the
definition of a specification ?
A. Description of a product or
service and quantitative
acceptance criteria
B. A list of contract terms and
conditions and payment
terms
C. Performance measures and
quantity of the product or
service to be purchased
D. Quantity of product or service
to be
purchased and performance
required for payment
Of the following , a supply D
professional is MOST likely to
ask a supplier to provide an
informal bid to
A. lock in a price for future
purchases .
B. inform the supplier of an
intent to purchase .
C. prepare the supplier for a
future bid opportunity .
D. solicit budgetary information .
,3 It is MOST advantageous for B
the buying organization to
A. make an offer to a supplier to
purchase .
B. solicit
offer from a supplier to
sell .
C. use only a two - step
competitive bidding
proposal process .
D. negotiate before receiving
completed proposals .
When deciding the time to B
allow for a bid response , the
supply professional should do
each of the following
EXCEPT
A. consider the complexity of the
bid
B. use a short response
time to limit supplier
participation .
C. pay attention to the time of
year and its potential impact
on suppliers ' ability to
respond .
D. work with internal customers
to select a response time
acceptable to all affected
parties .
The bid response day and time C
has passed . The supply
professional receives two late
bids from key suppliers . What
is the BEST action for the
supply professional to take
A. Automatically disallow the
bids from consideration
B. Tell nonresponsive
,suppliers they may take
more time to submit a bid .
C. Apply the organization's
policy to ensure ethical
supplier treatment .
D. Officially extend the
response date for all
suppliers .
Planning for negotiation is MOST A
im
portant because A. the
best prepared party is in a
better position during the
negotiation . B. planning
ensures
negotiation suc cess by the
party that did the most
planning . C. suppliers expect
the buying organi zation to
understand its positions . D.
documentation for future
negotia tion will be more
complete .
, You facilitated a bidder's D
conference with a group of
qualified suppliers . Suppliers
did not participate fully and
seemed
uncomfortable . What should
you do NEXT
?
A. Do nothing since suppliers
had the opportunity to ask
questions and learn
what was required to comply
with the bid .
B. Immediately retract the bid
in writing and start over .
C. Consider only bids
returned from suppliers
that asked questions at
the bidders ' conference
.
D. Contact suppliers and ask
for feed back about the
bidders ' conference .
The FIRST step of a negotiation C
preparation plan is to
A finalize the negotiation team .
B obtain approval from
management to negotiate
C conduct an in - depth review
of the supplier's proposal
D engage internal customers
to determine needs
of the following which two A
statements make up the
definition of a specification ?
A. Description of a product or
service and quantitative
acceptance criteria
B. A list of contract terms and
conditions and payment
terms
C. Performance measures and
quantity of the product or
service to be purchased
D. Quantity of product or service
to be
purchased and performance
required for payment
Of the following , a supply D
professional is MOST likely to
ask a supplier to provide an
informal bid to
A. lock in a price for future
purchases .
B. inform the supplier of an
intent to purchase .
C. prepare the supplier for a
future bid opportunity .
D. solicit budgetary information .
,3 It is MOST advantageous for B
the buying organization to
A. make an offer to a supplier to
purchase .
B. solicit
offer from a supplier to
sell .
C. use only a two - step
competitive bidding
proposal process .
D. negotiate before receiving
completed proposals .
When deciding the time to B
allow for a bid response , the
supply professional should do
each of the following
EXCEPT
A. consider the complexity of the
bid
B. use a short response
time to limit supplier
participation .
C. pay attention to the time of
year and its potential impact
on suppliers ' ability to
respond .
D. work with internal customers
to select a response time
acceptable to all affected
parties .
The bid response day and time C
has passed . The supply
professional receives two late
bids from key suppliers . What
is the BEST action for the
supply professional to take
A. Automatically disallow the
bids from consideration
B. Tell nonresponsive
,suppliers they may take
more time to submit a bid .
C. Apply the organization's
policy to ensure ethical
supplier treatment .
D. Officially extend the
response date for all
suppliers .
Planning for negotiation is MOST A
im
portant because A. the
best prepared party is in a
better position during the
negotiation . B. planning
ensures
negotiation suc cess by the
party that did the most
planning . C. suppliers expect
the buying organi zation to
understand its positions . D.
documentation for future
negotia tion will be more
complete .
, You facilitated a bidder's D
conference with a group of
qualified suppliers . Suppliers
did not participate fully and
seemed
uncomfortable . What should
you do NEXT
?
A. Do nothing since suppliers
had the opportunity to ask
questions and learn
what was required to comply
with the bid .
B. Immediately retract the bid
in writing and start over .
C. Consider only bids
returned from suppliers
that asked questions at
the bidders ' conference
.
D. Contact suppliers and ask
for feed back about the
bidders ' conference .
The FIRST step of a negotiation C
preparation plan is to
A finalize the negotiation team .
B obtain approval from
management to negotiate
C conduct an in - depth review
of the supplier's proposal
D engage internal customers
to determine needs
