Updated Sep-2025 Pass CPSM Exam – Real Practice Test Questions [Q48-Q63]

QUESTION 48
A performance measurement and management document that records the ratings from an evaluation process is known as:

QUESTION 49
A useful tool for summarizing and displaying the distribution of a process data set is called:

QUESTION 50
Third parties who act as intermediaries between buyer and seller are known as:

QUESTION 51
distributing materials
in support
of
A warehouse for storing and shipping material, usually finished goods, often located apart from the manufacturing site is called:

QUESTION 52
What refers to the set of electronic tools used by world-class organizations to generate,
process, transfer, interpret and use information?

QUESTION 53
which mean to resolve the logical
When both parties end a negotiation feeling content with what they have bargained, this is referred to as:

QUESTION 54
A standard
of point
of reference
used in measuring or judging an organization’s performance according to selected criteria is called:

QUESTION 55
A progressive approach to control inventory is called:

QUESTION 56
Which system was designed to align individual, unit and organizational efforts with the strategic goals set for the organization?

QUESTION 57
What involves taking out an investment that will specifically reduce or cancel out the risk in another investment?

QUESTION 58
The time that elapses from placement of an order until receipt of the order is called:

QUESTION 59
The ratio of annual operating income to the total capital put in the business is called:

QUESTION 60
According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?

QUESTION 61
Which of the following is NOT the type of budget that the supply management budget includes?

QUESTION 62
The adaptation which responds
to the needs
of the
organization by using a combination of functional, matrix and projectized structures is known as:

QUESTION 63
A temporary endeavor undertaken to create a unique product or service is called: