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Financial CPSM Exam
Certified Professional in Supply Management (CPSM) (Page 12 )

Updated On: 1-Feb-2026
Page 5 of 27
PDF with 128 Questions

At which level, rudimentary contract management processes exist with some informal documentation but there is no accountability for not following the standards and processes?

  1. Initial
  2. Ad hoc
  3. Structured
  4. Integrated

Answer(s): B



An appraisal process developed to measure and improve an organization's critical core capabilities is called:

  1. Capability Maturity Model
  2. Capability Maturity Model Integration
  3. Supply Management Performance
  4. Acquisition Validation Model

Answer(s): A



According to Juran, which of the following three management processes are essential for all organizations?

  1. Quality assurance, process improvement and resource planning
  2. Variation control, resource improvement and quality planning
  3. Quality management, quality improvement and resource planning
  4. Quality control, quality improvement and quality planning

Answer(s): D



A relatively small amount of the population controlled the majority of the wealth, this is known as:

  1. Ratio analysis
  2. Statistical analysis
  3. Pareto analysis
  4. Controlled analysis

Answer(s): C



A useful tool for summarizing and displaying the distribution of a process data set is called:

  1. Histogram
  2. Portfolio
  3. Circulatory bias
  4. None of the above

Answer(s): A



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Viewing questions 56 - 60 out of 128 questions



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