CORe Exam Info and Free Practice Test All-in-One Exam Guide Oct-2024 [Q83-Q107]

Q83. Which of the following BEST describes a single source supply strategy?

Q84. Which of the following figures does an analyst need to calculate from the income statement in order to calculate free cash flows?

Q85. During a request for proposal (RFP) debriefing, a supplier provides clarification on some of the answers in the RFP that, had they been included, would have increased the supplier’s score. In response to this, which of the following is the BEST course of action for the supply manager to take?

Q86. 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?

Q87. An airline company wants to improve its understanding of its product and customers. Using an internal model, the company predicts that business class revenues will decrease if the price of business class is reduced, but coach class revenues will increase if the price of coach class is reduced. Why might this be the case?

Q88. On an income statement, net sales minus cost of goods sold equals:

Q89. A plumbing supplies company asks its supply manager to develop a category management plan for the coming year.
The supply manager conducts a spend analysis in order to identify and rank the most important categories.
Which of the following should the supply manager use?

Q90. Which of the following will be MOST useful for gathering market intelligence and data on the general capabilities of potential suppliers?

Q91. What is the set of accounting standards most commonly used by companies outside the US?

Q92. A manufacturing firm has a product that has been experiencing shrinking profits. The product requires several high-tech parts with strict specification tolerances. The contract for these parts was recently renegotiated with favorable terms, including lower costs. The firm’s supply manager has been asked to reduce the product’s costs and improve margins. Given this situation, which of the following is the BES1 course of action that the supply manager can recommend?

Q93. A plumbing supplies company asks its supply manager to develop a category management plan for the coming year.
The supply manager conducts a spend analysis in order to identify and rank the most important categories.
Which of the following should the supply manager use?

Q94. An organization selects a supplier for a complex system implementation that will be conducted in several stages. Prompt initiation of the project is necessary in order to maintain the schedule, but the stakeholders have not yet defined the later milestones and deliverables. Which of the following would be the MOST appropriate course of action for the buying organization to take regarding the statement of work (SOW) for this project?

Q95. Which of the following options is an example of a biased question? (Select all that apply.)

Q96. A supply manager issues a Request for Quotation (RFQ) for software development services. Two suppliers respond to the solicitation, and both suppliers’ quotes are well above the target range. In this situation, which of the following is the FIRST course of action the supply manager should take?

Q97. Smith is a supply manager for BCD, Inc. While planning for a solicitation involving high-volume parts, Smith learns that one of the potential suppliers has recently hired, as account executive, a close relative of Smith’s.
The relative owns a large block of shares in the supplier’s company. In this situation, which of the following is the BEST course of action for Smith to take?

Q98. A supply manager holds a competitive, sealed bid for a piece of capital equipment. The equipment is of critical importance to the company’s operations. The potential bidders include local, national, and international suppliers, as the company wants to receive as many bids as possible.
After the bid closing date, but before bid opening, a bidder contacts the supply manager and states that it made an error in its delivery time. The supplier asks if it can submit a corrected bid prior to opening. Which of the following is the BEST action for the supply manager to take?

Q99. Which of the following is the GREATEST benefit of a supplier day/forum?

Q100. During a prolonged recession, a hotel chain sees reservations at one of its locations decline by five percent. The chain soon decides to close that location. Why would a small change in capacity utilization have this effect?

Q101. Items of low value and complexity are typically categorized as which of the following

Q102. The graph below reflects which of the following situations in the market for apples?

Q103. Which of the following is the GREATEST benefit of inviting suppliers to visit the buyer’s facility?

Q104. A government agency is interested in developing the most accurate forecast for the poverty rate in the United States and decides to perform regression analyses using a combination of the following independent variables: the percent of women in the labor force and the percent of the population that is uninsured. The agency collects data from all 50 U.S. states but is unsure whether both variables should be in the model. The agency runs three regressions:
Regression A. Poverty Rate = a + b1*(Percent of women in the labor force) + b2*(Percent uninsured)
Regression B. Poverty Rate = a + b*(Percent of women in the labor force)
Regression C. Poverty Rate = a + b*(Percent uninsured)

The regression statistics for all three regressions are given below. Based on these statistics, which model should the agency use to obtain the MOST accurate forecast?

Q105. A supply manager Is evaluating bids for a new delivery van. Supplier J, which has provided similar equipment in the past, quotes a price of $50,000. Supplier K quotes a price of $52,500, but Includes an offer to buy back the van at the end of five years for $3,000. Both suppliers’ bids meet specifications and delivery requirements.
At a 10% opportunity cost of capital, and with the 5-year present value of $1 at $.62, which supplier should the supply manager choose, and why?

Q106. A city concerned about its youth unemployment rate decided to offer a new vocational training program in the hopes of decreasing youth unemployment. Before the program began, the youth unemployment rate was 18%. Four years after the program began, the rate had fallen to 14%.
What is the correct null and alternative hypothesis pair for this situation?

Q107. What denominator amounts does an analyst use to calculate the common size balance sheet and income statement?