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ISM CORe Latest Exam Papers & CORe Test Guide Online

The Braindumpsqa ISM CORe exam dumps are ready for quick download. Just choose the right Braindumpsqa ISM CORe exam questions format and download it after paying an affordable Braindumpsqa Supply Management Core Exam (CORe) practice questions charge and start this journey. Best of luck in ISM CORe exam and career!!!

HBX CORe (Credential of Readiness) is an online program offered by Harvard Business School that provides a comprehensive introduction to business concepts. The program consists of three courses: Business Analytics, Economics for Managers, and Financial Accounting. HBX CORe is designed to help individuals gain essential business skills needed for success in various industries. The final step in completing the program is the HBX CORe Final Examination.

The HBX CORe program culminates in a final exam, which tests participants' knowledge and skills across all three courses. CORe exam is designed to be challenging, but also fair and comprehensive. It is administered online and can be taken from anywhere in the world. Participants have two attempts to pass the exam, and those who do receive a HBX CORe certification.

>> ISM CORe Latest Exam Papers <<

CORe Test Guide Online & Authentic CORe Exam Hub

The web-based CORe practice exam is similar to the desktop-based software. You can take the web-based CORe practice exam on any browser without needing to install separate software. In addition, all operating systems also support this web-based ISM CORe Practice Exam. Both Supply Management Core Exam practice exams track your performance and help to overcome mistakes. Furthermore, you can customize your Supply Management Core Exam practice exams according to your needs.

ISM Supply Management Core Exam Sample Questions (Q140-Q145):

NEW QUESTION # 140
A research company develops a tomato that grows in cold weather. The company agrees to sell ten thousand seeds to a broker for $5,000. However, an error is made on the contract which misstates the price as $4,000. The research company and broker both sign the contract without noticing the error. Some weeks later, the broker discovers the error and refuses to pay more than
$4,000. In this situation, the FIRST course of action for the research company to resolve the dispute is to establish with the broker that

A. there was an administrative mistake
B. there was a misunderstanding concerning price
C. the written agreement was a sham
D. the written agreement constituted a partial integration

Answer: A

Explanation:
The FIRST course of action for the research company to resolve the dispute over the contract price error is to establish with the broker that D. there was an administrative mistake. This approach involves acknowledging that a clerical error occurred in the contract documentation, which led to the misstatement of the price. It is a common first step in resolving such disputes, as it sets the stage for further discussions or negotiations to correct the error and reach an agreement that reflects the original intent of both parties1.

NEW QUESTION # 141
An aerospace company has a long-standing partnering relationship with a supplier to develop a new technology. This technology gives the buying organization a competitive advantage. Which of the following BEST describes this type of supplier?

A. Strategic
B. Approved
C. Transactional
D. Preferred

Answer: A

Explanation:
A supplier that collaborates closely to develop new technology and provides a competitive advantage is best described as:
* Approved: This generally refers to suppliers that meet basic qualification criteria.
* Strategic: This term denotes a supplier with whom the company has a long-term partnership, often involving significant collaboration and integration, contributing to competitive advantages.
* Transactional: These suppliers are engaged for routine purchases without significant collaboration.
* Preferred: This status is higher than approved but does not necessarily imply a strategic partnership.
Given the context, the supplier is best described as strategic.
References:
* Supplier relationship management literature.
* Institute for Supply Management (ISM) guidelines on strategic partnerships.

NEW QUESTION # 142
According to the Law of Agency, a supply manager acting as an agent makes decisions and acts in whose interest(s)?

A. The interests of the profession
B. His/her personal interest
C. The interest of the organization that employs him/her
D. The interests of the supplier which overlap with those of the buyer

Answer: C

Explanation:
The Law of Agency establishes the legal relationship where an agent (in this case, the supply manager) acts on behalf of a principal (the organization). The supply manager, as an agent, has a fiduciary duty to act in the best interests of the organization that employs them. This means making decisions and taking actions that align with the organization's goals, policies, and best interests, rather than personal interests, professional norms, or overlapping interests of suppliers. References:
* CIPS (Chartered Institute of Procurement & Supply) guidelines on the Law of Agency
* "Supply Management" by David N. Burt, Sheila Petcavage, and Richard Pinkerton

NEW QUESTION # 143
A buyer finds an opportunity to reduce costs for a particular service through competitive bidding. The buyer issues a request for quotation (RFQ) to prequalified suppliers. However, the statement of work is incomplete, and not clear enough to get an accurate price for the service. Which of the following is the BEST course of action for the buyer to take in order to get a proper statement of work included in the RFQ?

A. Send an email to stakeholders and request a new statement of work
B. Contact the stakeholders and coordinate the improvement of the existing statement of work
C. Gather information on the service and prepare a new statement of work
D. Send an email to stakeholders asking them to review and update the current statement of work

Answer: B

NEW QUESTION # 144
Which of the following is the GREATEST benefit of a supplier day/forum?

A. Attendees can meet the customer's supply management team.
B. Attendees have a chance to analyze and benchmark against the competition.
C. Attendees are given insight into new initiatives and strategic imperatives.
D. Attendees can see how their products are used in the buying company's products.

Answer: C

Explanation:
The greatest benefit of a supplier day/forum is providing attendees with insight into the buying company's new initiatives and strategic imperatives. This transparency helps align the supplier's efforts with the company's goals, fostering better collaboration and innovation. While other benefits such as seeing product usage (A), benchmarking against competition (C), and meeting the supply management team (D) are valuable, understanding the strategic direction is paramount for long-term partnership and success. References: Supply chain collaboration and communication strategies, supplier relationship management best practices.

NEW QUESTION # 145
......

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