CORE 100% ACCURACY | CORE FREE LEARNING CRAM

CORe 100% Accuracy | CORe Free Learning Cram

CORe 100% Accuracy | CORe Free Learning Cram

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The HBX CORe (Credential of Readiness) program is an online business fundamentals course designed to equip learners with the requisite skills to succeed in the world of business. The program covers three key areas: business analytics, economics for managers, and financial accounting. The curriculum is designed to be interactive, with a mix of video lectures, case studies, and interactive exercises. The program is offered by Harvard Business School's digital learning platform, HBX.

The HBX CORe program culminates in a final examination that tests the students' knowledge and understanding of the material covered in the three courses. The HBX CORe Final Examination is a comprehensive test that assesses the students' grasp of the fundamental concepts of business. CORe examination is administered online and is timed. Students are required to answer multiple-choice questions, short-answer questions, and essay questions. CORe examination is designed to be challenging and requires students to apply their knowledge to solve real-world business problems.

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ISM Supply Management Core Exam Sample Questions (Q110-Q115):

NEW QUESTION # 110
Which of the following is the BEST course of action to take in order to develop a positive working relationship with a supplier?

  • A. Work with the supplier one-on-one to develop a personal relationship
  • B. Invite engineering and production to meet with the supplier
  • C. Involve Internal customers in team discussions with the supplier
  • D. Involve upper management in discussions with the supplier

Answer: C

Explanation:
* Developing Positive Relationships: Establishing a good working relationship with a supplier is crucial for successful procurement.
* Involving Internal Customers: Bringing internal customers into discussions ensures that all stakeholders' needs and perspectives are considered.
* Building Trust: This approach fosters transparency, collaboration, and mutual understanding, strengthening the supplier relationship.
* Comprehensive Communication: It ensures that the supplier receives consistent and unified feedback from the buying organization.
References
* ISM. (n.d.). Strategies for Building Supplier Relationships.
* CIPS. (n.d.). Engaging Internal Stakeholders in Supplier Discussions.


NEW QUESTION # 111
Which of the following formulas is used to calculate operating income on the income statement of a manufacturing company?

  • A. Sales or revenue - operating expenses
  • B. Net income + ending balance of cash
  • C. Gross profit - operating expenses
  • D. Revenue- operating expense - interest expense

Answer: C


NEW QUESTION # 112
Company B is evaluating whether to repair or replace a piece of plant equipment. Which of the following factors would NOT be taken into consideration when determining the relevant cash flows?

  • A. Estimated cost of the repairs
  • B. Plan to capitalize the cost of the repairs for financial reporting purposes
  • C. Operating costs of the repaired asset
  • D. Estimated useful life of the repaired asset for tax purposes

Answer: B


NEW QUESTION # 113
When developing a category management plan, which of the following is the BEST reason for soliciting cross-functional input?

  • A. It allows the category manager to gain important insights from the supply management team.
  • B. It facilitates Input from stakeholders and other functional areas to ensure a long-term solution.
  • C. It enables the category manager to resolve conflicting views and priorities for goods or services.
  • D. It provides an opportunity to demonstrate non-linear leadership.

Answer: B

Explanation:
Soliciting cross-functional input when developing a category management plan is crucial because it ensures that the plan considers the perspectives and requirements of various stakeholders and functional areas. This collaboration helps in creating a comprehensive and effective plan that addresses the needs of the entire organization, leading to more sustainable and long-term solutions.
References
* CIPS (Chartered Institute of Procurement & Supply). Cross-functional Team Collaboration in Category Management.
* ISM (Institute for Supply Management). Benefits of Cross-functional Teams in Supply Management.


NEW QUESTION # 114
A supply management team reviews all documents dealing with processes and procedures for the supply management function. Each team member reviews the documents and reports back to the group on the accuracy of the information, particularly concerning financial transactions. Any discrepancies are documented, updated, and submitted to senior management for approval. Which of the following is the MOST important legal requirement for this activity?

  • A. Ensuring processes address the concerns of the legal team on intellectual property laws
  • B. Ensuring processes meet the requirements of Sarbanes-Oxley and similar laws
  • C. Ensuring processes address issues and requirements of contract and commercial laws
  • D. Ensuring processes adhere to requirements of anti-corruption/anti-bribery laws

Answer: B


NEW QUESTION # 115
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