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Certified Professional in Supply Management (CPSM) Questions 21–25 (page: 6)

Updated On: 9-Feb-2026

A solicitation document used to obtain price quotes for a specified product or service is known as:

  1. Cost summons
  2. Invitation for bid
  3. Temptation for bid
  4. Price Provocation

Answer(s): B



Which of the following is NOT the type of statement of work (SOW)?

  1. Project SOW
  2. Design SOW
  3. Level of effort SOW
  4. Performance SOW

Answer(s): B



Which of the following are the steps to proposal solicitation?

  1. Origination, qualification and Projection
  2. Selection, qualification and Management
  3. Cooperation, Foundation and negotiation
  4. Origination, qualification and negotiation

Answer(s): D



Supply management is involved in projects at the planning stage through source solicitation planning and selection.

  1. True
  2. False

Answer(s): A



Which of the following is NOT the type of budget that the supply management budget includes?

  1. Purchased materials
  2. Capital budget
  3. Expense budget
  4. Maintenance budget

Answer(s): C



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