ISM LEAD Quiz 1 Topic 4 Questions 1-5

Question: 1

As an initiative to support environmental sustainability, a bank's supply manager wants to change to buying recycled paper. How can supply management ensure that the recycled paper is produced sustainably?

ABy sourcing from suppliers that are ISO 14001:2015 certified

BBy sourcing recycled paper that is Forest Stewardship Council (FSC) certified

CBy using the Global Reporting Initiative (GRI) to identify responsible sources of recycled paper

DAs recycled paper is environmentally sustainable by definition, no further action needs to be taken

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Question: 2

TUV, Inc. is acquiring Company

AAs part of this acquisition, TUV's supply management department must review all of Company A's current contracts and agreements to ascertain how smoothly they can be transferred to TUV. Which of the following should be supply management's FIRST area of interest?

ALiability exposure

BFinancial assessments

CAssignment consent

DDue diligence

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Question: 3

A supply manager meets with a group of external auditors presenting a draft of their report on the supply management function. Which of these findings should be of GREATEST concern to the supply manager?

A'General descriptions rather than detailed ones are used.'

B'Teams are cited for their failure to meet performance criteria.'

C'The organization chart does not include intermediate reporting levels.'

D'Input from stakeholders has been given too much weight.'

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Question: 4

Members of a cross-functional team have each had a chance to present their ideas. Afterwards, the members discuss these ideas in detail, on occasion arguing and testing one another. After this process is complete, the team can move on to which phase of team formation?

AForming

BNorming

CStorming

DPerforming

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Question: 5

A manufacturer of multi-media equipment plans to expand into new product areas requiring materials and components the firm has not previously purchased, as well as greater reliance upon global suppliers. The timeline for the project will be very demanding. The firm's supply manager has experience with enterprise resource planning (ERP) and believes ERP will be helpful for the new project. The firm has never before invested in such technology and does not have the resources to do so. Given this situation, which of the following actions should the supply manager take?

AManage the project using the firm's current process

BPresent top management with justification for the cost of the new system

CTrain supply management staff in material optimization concepts

DHire additional staff with ERP expertise

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ISM LEAD Quiz:1 Topic:4 Questions:1-5