CORE CERTIFICATION EXAM DUMPS & CORE LATEST TEST ONLINE

CORe Certification Exam Dumps & CORe Latest Test Online

CORe Certification Exam Dumps & CORe Latest Test Online

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The ISM Practice Test engine included with CORe exam questions simulates the actual CORe examinations. This is excellent for familiarizing yourself with the Supply Management Core Exam and learning what to expect on test day. You may also use the ISM CORe online practice test engine to track your progress and examine your answers to determine where you need to improve on the CORe exam.

To earn the HBX CORe Credential of Readiness, candidates must pass three exams - Business Analytics, Economics for Managers, and Financial Accounting. These exams are designed to test candidates' understanding of the concepts covered during the program. CORe exams are online, proctored, and timed. Candidates must achieve a passing score on each exam to earn the credential.

The HBX CORe Final Examination is a rigorous test that requires students to demonstrate their knowledge and skills in critical thinking, problem-solving, and decision-making. CORe Exam is timed and consists of multiple-choice questions and short-answer questions. Students must achieve a passing score to earn their HBX CORe certification, which is recognized by employers and institutions worldwide as a mark of excellence in business education.

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CORe Study Materials & CORe Exam Preparatory & CORe Practice Test

The made from Pass4suresVCE is designed by way of specialists and is often updated to mirror the present day modifications inside the CORe content. The CORe recognizes that scholars may also have distinctive learning patterns and options. Consequently, the Pass4suresVCE gives PDF format, desktop exercise examination software program, and CORe examination questions to assist customers prepare for the ISM CORe examination correctly.

One of the most important components of the HBX CORe program is the final examination. The final examination is designed to assess students' understanding of the material covered in the program. CORe examination consists of multiple-choice questions and short-answer questions that require students to apply their knowledge to real-world scenarios.

ISM Supply Management Core Exam Sample Questions (Q61-Q66):

NEW QUESTION # 61
JKL, Inc. outsources its event services for large group training sessions and annual meetings. The contract requires the supplier to report program metrics, including cost savings. The savings method employed compares the hotel's initial bid to the final negotiated price. The first report shows significant hard savings on the average nightly rate for hotel rooms. JKL's category manager would like to claim the hard savings. Which of the following BEST describes why the finance department should deny this request?

  • A. Unless there is a year-over-year reduction, the savings is cost avoidance.
  • B. Savings from outsourcing are subject to a higher level of governance.
  • C. Unless there is a year-over-year reduction, the savings is cost containment.
  • D. Further data is required from the supplier to sufficiently support the savings.

Answer: C


NEW QUESTION # 62
PQR, Inc. is a globally certified manufacturer and repair shop of aircraft parts. PQR's costs to produce these parts are as follows:
MethodCost per part
Manufacture internallyS 11,000
Purchase from outside manufacturer$ 10,000
Acquire resale parts and repair internally$ 9,000
Purchase refurbished parts from non-certified repair shop with its extended warranty$ 8,000 The firm's CEO directs supply management to provide wing flap inventory at the lowest cost to the company, while still meeting the goal of multinational market expansion. Which of the following courses of action BEST meets the CEO's directive?

  • A. Purchase materials from an outside manufacturer
  • B. Acquire resale parts and repair them internally
  • C. Purchase refurbished parts from non-certified repair shop with its extended warranty
  • D. Manufacture the parts internally

Answer: B


NEW QUESTION # 63
A producer of high-end watches has a willingness to sell of $1,000. After a recession occurs, willingness to pay (WTP) for high-end watches drops to $900. What could the watch producer do to raise WTP for its good? (Select all that apply.)

  • A. Raise the price for the watch
  • B. Add a new feature to the watch
  • C. Advertise in a high-end department store's catalog
  • D. Design a new watch based on watches sold by competitors
  • E. Lower the price for the watch

Answer: B,C


NEW QUESTION # 64
A firm issues an RFQ for specialty electronics to be used within a new product line. Internal needs are assessed and specifications are prepared by engineering. The bid is sent to five current suppliers, all of whom are familiar with the firm's supply chain. However, only two of these suppliers respond, and their quotes are much higher than expected. Which of the following is the MOST likely explanation for what occurred?

  • A. The suppliers were not qualified.
  • B. The specifications were too broad.
  • C. The internal needs were not adequately addressed.
  • D. The specifications were too narrow.

Answer: D

Explanation:
When only two suppliers respond to an RFQ and their quotes are much higher than expected, it is likely that the specifications were too narrow. Narrow specifications can limit the number of suppliers who are capable of meeting the requirements, reducing competition and driving up prices. Reviewing and potentially broadening the specifications can attract more suppliers and result in more competitive pricing.
References
* ISM (Institute for Supply Management). Effective RFQ Process Management.
* CIPS (Chartered Institute of Procurement & Supply). Developing Specifications and Requirements.


NEW QUESTION # 65
The owner of a small bakery is interested in forecasting the bakery's total sales for a certain date. The owner believes that sales on a given day are influenced by the day's highest temperature (in degrees F) and whether the day falls on a weekend (Saturday or Sunday). A random sample of 60 days is taken from November 2013 to May 2014; the regression results are given below. If the high temperature for tomorrow, a Thursday, is forecasted to be 60 degrees F, what does the model predict the total sales will be?

Note that the weekend dummy variable takes a value of one for Saturday and Sunday and zero otherwise.

  • A. $2,042.13
  • B. $1,271.27
  • C. $1,571.27
  • D. $500.41

Answer: B


NEW QUESTION # 66
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