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ISM CPSM Bridge Sample Questions:

1. Several key statistics are used to evaluate the accuracy of a prediction using regression analysis. Which type of regression analysis descriptor BEST fits p-Value?

A) Test for the accuracy of the regression equation. It represents the significance level at which the user would reject the regression as inaccurate.
B) Compares the estimated and actual values of the Y dependent variable ranging from a value of 0 to 1.
C) Measures the standard deviation of variation of the observed value from the predictive value and determines error.
D) Represents a decreasing index of the reliability of the calculated result. It proves the 95% confidence level.

2. Which best fits the definition of a ramp up period for an organization for a new product?

A) The period from initial discussion with suppliers to beginning of production.
B) The period when project planning is implemented.
C) The period transitioning from zero production to full production.
D) The period prior to developing the cross functional team.

3. The actual recording, handling and management of carrier responsible loss or damage is referred to as?

A) Damage representation process.
B) Claims process for damage.
C) Claims monitor process for damage.
D) Claims handling process for damage.

4. The three major after the fact controls consist of all of the following EXCEPT.

A) Procedural review initiated to determine whether those given specific procedures are doing them properly in achieving the anticipated results.
B) A prework review to determine the desired results.
C) Audits conducted to determine if the work performed met the original intent.
D) Periodic reports used to compare actual performance with a plan.

5. Lose-Lose or confrontational negotiation philosophy is used when?

A) Both negotiators have a low degree of concern for their own and the others outcomes.
B) Both parties require no negotiation.
C) Both parties already know they win in a negotiation.
D) Both parties lose the contract in a negotiation.

Solutions: