CORE VALID EXAM PASS4SURE - VALID CORE DUMPS

CORe Valid Exam Pass4sure - Valid CORe Dumps

CORe Valid Exam Pass4sure - Valid CORe Dumps

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ISM Supply Management Core Exam Sample Questions (Q99-Q104):

NEW QUESTION # 99
A U.S. firm receives several blds for a piece of specialized testing equipment. A supplier from Japan quotes a price of 360,000 Yen. If the current exchange rate is 90 Yen per U.S. Dollar, what will the price be in U.S.
dollars?

  • A. $3,240
  • B. $40,000
  • C. $4,000
  • D. $32,400

Answer: D

Explanation:
To determine the price in U.S. dollars for the specialized testing equipment quoted at 360,000 Yen with an exchange rate of 90 Yen per U.S. Dollar:
* Understand the exchange rate: 1 USD = 90 Yen.
* Convert the quoted price in Yen to USD: Price in USD=360,000 Yen90 Yen/USDtext{Price in USD} =
frac{360,000 text{ Yen}}{90 text{ Yen/USD}}Price in USD=90 Yen/USD360,000 Yen Price in USD=4,000 USDtext{Price in USD} = 4,000 text{ USD}Price in USD=4,000 USD Thus, the price in U.S. dollars is $4,000.
References:
* Currency conversion principles.
* Current exchange rates from financial news sources.


NEW QUESTION # 100
XYZ Company asks a specialized fastener supplier for its help in choosing a fastener for a new product. The supplier recommends its proprietary part for the application. After several months of production, many field issues are reported due to loose fasteners. The supplier refuses to take responsibility, claiming that the blame lies with XYZ. In this situation, which of the following is TRUE?

  • A. XYZ Is the product owner and therefore has sole responsibility and no recourse.
  • B. As the requirement for the fastener to hold is not clearly described in the product specifications, XYZ has no recourse.
  • C. Implied warranties such as fitness for intended purpose cannot be waived, and therefore XYZ is protected.
  • D. XYZ is protected under implied warranty for intended purpose, as the supplier knew the planned use and was relied upon for expertise.

Answer: D


NEW QUESTION # 101
DEF, Inc. wants to ensure adequate material supply for an emerging product with high quality specifications for the raw materials. Given this situation, which of the following would be the BEST course of action for DEF to take?

  • A. Choose a supplier with a large infrastructure and high quality standards
  • B. Select an approved supplier and work collaboratively with it to meet the entirety of the organization's quality requirements
  • C. Select a preferred supplier to cover the bulk of the requirement and supplement the balance with qualified suppliers
  • D. Ensure a wide selection of suppliers are offered opportunities to submit bids

Answer: B


NEW QUESTION # 102
Company A is projecting a 10 percent increase in revenue for the next quarter with no significant changes to their operations. Which of the following accounting elements is the LEAST likely to mirror that increase?

  • A. Inventory
  • B. Capital expenditures
  • C. Accounts receivable
  • D. Cost of goods sold

Answer: B


NEW QUESTION # 103
A supply management office for a county government has been authorized to select a contractor to design, build and operate a new bridge. In the past, the county has experienced four major problems when hiring contractors:
1)Contractors dropping out of the bidding process due to lack of resources or ability to perform the scope of the work
2)A limited number of competitive bids that are able to achieve the value supply management desires
3)Underperformance of contractors after the award
4)The perception that the contractors are not operating effectively
In order to prevent these problems, which of the following should supply management do FIRST?

  • A. Issue a Request for Qualifications
  • B. Conduct a pre-bid conference
  • C. Issue an Invitation for Bid
  • D. Issue a Request for Information

Answer: A

Explanation:
To address the problems encountered in past projects, issuing a Request for Qualifications (RFQ) is the best initial step. An RFQ allows the supply management office to pre-qualify contractors based on their ability to perform the required work, available resources, past performance, and other relevant criteria. This step helps ensure that only capable and reliable contractors are invited to bid, which can mitigate the risks of contractors dropping out, underperformance, and the perception of ineffectiveness. Additionally, it can increase the chances of receiving competitive bids that meet the desired value. References:
* "Contractor's Guide to Change Orders" by Andrew M. Civitello Jr.
* "Construction Contracting: A Practical Guide to Company Management" by Richard H. Clough, Glenn A. Sears, and S. Keoki Sears


NEW QUESTION # 104
......

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