CORe - Supply Management Core Exam–Efficient Download Demo
CORe - Supply Management Core Exam–Efficient Download Demo
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The HBX CORe final examination is a challenging and rigorous test that measures learners' mastery of the concepts covered in the program. CORe exam is an important milestone in the HBX CORe program and is a key credential that is recognized by Harvard Business School. Learners who successfully pass the exam will be well-prepared to succeed in today's business world.
HBX CORe (Credential of Readiness) is an online program offered by Harvard Business School that is designed to teach participants the fundamentals of business. The program is comprised of three courses: Business Analytics, Economics for Managers, and Financial Accounting. By completing the program, participants gain a strong foundation in business concepts and skills that are essential for success in a variety of industries.
Upon successful completion of the HBX CORe Final Examination, students are awarded the HBX CORe Credential of Readiness, which is a certification that demonstrates their proficiency in business fundamentals. The credential is recognized by top employers worldwide, and it can be a valuable asset for individuals who are looking to advance their careers or to transition into new industries. Overall, the HBX CORe program and the HBX CORe Final Examination offer an excellent opportunity for individuals to gain a comprehensive understanding of business fundamentals and to enhance their career prospects.
ISM Supply Management Core Exam Sample Questions (Q211-Q216):
NEW QUESTION # 211
Which of the following refers to a stakeholder want as opposed to a stakeholder need?
- A. Requiring thata supplierprovidedelivery schedules that meet the requirements specified inthe contract
- B. Requiring thata supplierprovidethe purchased component at or below the target cost
- C. Requiring thata supplierprovidedetailed specifications for review for the supplied item
- D. Requiring thata supplierprovideaccommodations for the company's representatives duringvisits
Answer: D
Explanation:
A stakeholder want refers to something that is desired but not essential for the completion of the task or project. In this case, requiring that a supplier provide accommodations for the company's representatives during visits is a want. It is not a core requirement for the supply of the component or service but is a preference that enhances convenience for the company's representatives.
References
* CIPS (Chartered Institute of Procurement & Supply). Differentiating Needs and Wants in Procurement.
* ISM (Institute for Supply Management). Understanding Stakeholder Requirements.
NEW QUESTION # 212
A local tourism board wants the city government to set a maximum price that taxis can charge, in order to make the city more attractive to tourists. What might be a result of this price cap?
- A. Total welfare (consumer surplus + producer surplus) will increase.
- B. The number of taxis will decrease.
- C. Local residents will begin to use taxis more frequently.
- D. The quality of taxis will improve.
Answer: B
NEW QUESTION # 213
Which of the following is the FIRST step in the category management process?
- A. Conduct contract negotiations with strategic and/or preferred suppliers
- B. Conduct market research to understand the supply market
- C. Develop a strategy to classify suppliers capable of providing material requirements
- D. Build the team and project charter and develop a scope of work
Answer: D
Explanation:
The first step in the category management process is to build the team, create a project charter, and develop a scope of work. This foundational step ensures that there is a clear understanding of the project's goals, roles, and responsibilities. A well-defined project charter aligns the team and stakeholders, sets the project's direction, and helps in developing a comprehensive strategy for managing the category.
References:
* "Category Management in Purchasing: A Strategic Approach to Maximize Business Profitability" by Jonathan O'Brien.
* Institute for Supply Management (ISM) guidelines on category management.
* Chartered Institute of Procurement & Supply (CIPS) resources on category management.
NEW QUESTION # 214
A study was conducted to examine the relationship between age, education level, number of minor legal offenses, daily alcohol consumption, and annual income.
Based on the regression output below, what is the 95% confidence interval of the variable that has the highest statistical significance?
- A. (-1,374.98; 1,232.89)
- B. (-6,560.05; 3,313.41)
- C. (303.02; 9,839.49)
- D. (-3,990.67; 6,334.97)
Answer: C
NEW QUESTION # 215
The electric car market is expected to grow significantly over the next few years due to new technologies making electric cars more affordable. Which of the following types of companies would MOST likely benefit from the substitution of electric cars for traditional vehicles?
- A. Public transportation
- B. Auto mechanics
- C. Oil suppliers
- D. Airlines
Answer: D
NEW QUESTION # 216
......
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