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Last Updated: May 28, 2026
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1. All of the following should occur in the mission statement of the organization or function EXCEPT.
A) Identify key activities through which success will be achieved.
B) Develop key metrics through which performance will be gauged.
C) Link the supply management activity to the organizational strategic goals.
D) Establish how the supply management function will be seen in the organization.
2. Stakeholder analysis is important when leveraging spend through execution of strategy. "Intervention strategies for managing barriers" is a component of which part of the stakeholder analysis?
A) Evaluation of importance
B) Evaluating levels of alignment and involvement
C) Identification of the stakeholder group
D) Evaluating the relationships
3. Which of the following is NOT one of the benefits of a well constructed supply management policy?
A) Enables new supply management employees to rapidly learn operations.
B) Steps in a process are reduced.
C) Is critical for supplier's certification.
D) Ensures consistency in operations.
4. In regression analysis the measure in which both measures increase together the relationship is what?
A) Positive
B) Negative
C) Synergistic
D) Neutral
5. Using Ebay and local recycling facilities to dispose of excess inventory would be described as using?
A) Asset recovery channel method of excess inventory disposal.
B) Investment recovery channel method of excess inventory disposal.
C) Surplus channel method of excess inventory disposal.
D) Recycling channel method of excess inventory disposal.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
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