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100% Pass 2025 CORe: Marvelous Supply Management Core Exam Practice Exam

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The CORe certification exam is one of the top-rated career advancement certifications in the market. This CORe exam dumps have been inspiring beginners and experienced professionals since its beginning. There are several personal and professional benefits that you can gain after passing the Supply Management Core Exam (CORe) exam.

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CORe Practice Exam - ISM Realistic New Supply Management Core Exam Test Voucher

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HBX CORe (Credential of Readiness) is an online program offered by Harvard Business School that provides a comprehensive introduction to the fundamentals of business. This program is designed for students and professionals who wish to gain a better understanding of business concepts and pursue a successful career in the field. HBX CORe covers three key areas: business analytics, economics for managers, and financial accounting.

ISM Supply Management Core Exam Sample Questions (Q210-Q215):

NEW QUESTION # 210
UVW, Inc. issues a Request for Quotation (RFQ) for urgently-needed safety equipment. The equipment must be installed immediately in order to keep the firm in compliance with safety regulations. UVW is contacted by a small, minority-owned company which asks for two more weeks to submit its quotation, as its technical expert is out sick. In this situation, which of the following is the MOST appropriate course of action for UVW to take?

A. Return all quotations and issue a new RFQ
B. Accept other quotations as scheduled and set aside a portion of the award for the minority-owned supplier
C. Inform the supplier that quotations must be received by the due date in order to be considered
D. Extend the RFQ due date and notify all suppliers of the extension

Answer: C

Explanation:
Given the urgency of the safety equipment and the need to comply with safety regulations immediately, extending the RFQ due date (A) or setting aside a portion of the award (B) would delay the process. Returning all quotations and issuing a new RFQ (D) is also impractical due to time constraints. Therefore, the appropriate action is to inform the supplier that quotations must be received by the due date, ensuring the urgent needs are met without compromising fairness. References: Procurement best practices, RFQ management guidelines, safety compliance regulations.

NEW QUESTION # 211
With normally distributed data, approximately 95% of all observations fall within how many standard deviations from the mean?

A. 0
B. 1
C. 2
D. 3

Answer: A

NEW QUESTION # 212
A company had the following trial balance on Dec. 31, 2013:

What is the company's net income for 2013?

A. $120,000
B. $170,000
C. $95,000
D. $45,000

Answer: C

NEW QUESTION # 213
A product is approaching end-of-life, and the firm is considering its various options. While long-term, ongoing conflicts have occurred between the current supplier and the buying organization, there are few other supply options available for this particular component. In this situation, which of the following is the BEST course of action for the firm to take to ensure continued supply?

A. Make the component in-house
B. Instruct accounts payable to pay supplier invoices in advance
C. Attempt to resolve conflicts with the existing supplier to maintain continuity of supply
D. Have the legal department instruct the existing supplier to comply with the contract terms

Answer: C

Explanation:
Given the product is approaching end-of-life and there are few alternative supply options, the best course of action is to attempt to resolve conflicts with the existing supplier. Maintaining a stable supply chain is crucial, and resolving conflicts can ensure that the necessary components continue to be supplied without interruption.
This approach is often more practical and cost-effective than other options, such as bringing production in-house or taking legal action, especially for a product at the end of its lifecycle.References
* Monczka, R.M., Handfield, R.B., Giunipero, L.C., & Patterson, J.L. (2015). Purchasing and Supply Chain Management.
* Chopra, S., & Meindl, P. (2015). Supply Chain Management: Strategy, Planning, and Operation.

NEW QUESTION # 214
A DVD manufacturer is considering shutting down its production facility and only selling its movies through digital downloads. The company has signed a contract to pay $3,000 a month for its production facility for the next three years. If the company continues to sell its movies as DVDs, it is projected to earn $8,500 in revenue and spend $3,500 in variable costs each month. Variable costs for the digital downloads are 0. Under what circumstances should the company switch to selling digital downloads?

A. If each digital download would earn more profits than each DVD sale
B. If the projected revenue from the digital downloads is more than $2,000 per month
C. If the demand for movies is expected to decrease in the future
D. If the projected revenue from the digital downloads is more than $5,000 per month

Answer: D

NEW QUESTION # 215
......

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