Online Access Free CPSM1 Practice Test

Which of the following is NOT the component
used to calculate the inventory holding costs?

• A.Obsolescence
• B.Released rates
• C.Invested funds
• D.Shrinkage

Which of the following is NOT the area of Sarbanes-Oxley Act?

• A.Loan prohibition
• B.Leadership time
• C.Waiting period
• D.Audit committees

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

• A.Inorganic structure
• B.Organic structure
• C.Crude structure
• D.Natural structure

A measure of velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called:

• A.Inventory proceeds
• B.Inventory turnover
• C.Inventory yield
• D.Inventory return

Two back-to-back quarters of negative gross domestic product growth is referred to as:

• A.Obsolescence
• B.Recession
• C.Nose-dive
• D.Hunch