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Exam
:
ISM 630-005
Title
: C.P.M. Module 1: Purchasing
Process
Version : Demo
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1. TestInside.com has a 10% profit margin before taxes and spends 50% of its sales dollar on materials.
What percentage reduction in material costs for TestInside.com to achieve an increase of 5% in sales?
A. 1%
B. 2.5%
C. 5%
D. 7.5%
E. 10%
Answer: A
2. Which of the following statements regarding the process of reviewing supplier samples and/or
demonstrations with user departments and functional departments such as quality, engineering, research,
and administration, are FALSE?
A. It increases the amount of time involved in making a buying decision.
B. It is an example of purchasing's role as a service function within the organization.
C. It reduces purchased prices by allowing purchasing to make the final buying decision.
D. It leads to improved quality because the supplier will have a better understanding of user requirements.
Answer: C
3. In which of the following countries outside of the United States do U.S. patentees enjoy protection
against infringement?
A. In countries that have full diplomatic relations with the United States.
B. In countries that are signatories to patent conventions only.
C. In European Union member counties only.
D. In GATT member countries only.
E. None of the above.
Answer: B
4. TestInside.com has a contract with Road Haulers, Ltd. to dispose of toxic material at a site in New
Orleans. However, Road Haulers, Ltd. decides to use a site in Dallasinstead. The site at Dallas is a cheaper
but disreputable source. Who has primary liability in this situation?
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A. TestInside.com.
B. Road Haulers, Ltd.
C. The site at New Orleans.
D. The site at Dallas.
Answer: A
5. Which of the following is the MOST important aspect of ser