EMT Practice Test

1. Question Content...

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Question1: The process of accessing progress toward achieving predetermined goals is called:

Question2: With what an organization's inventory values are kept continuously in line with its actual inventory on hand?

Question3: What is useful when organizations are forecasting the effects of economic trends on national or worldwide supply and demand?

Question4: What is used to obtain general information about products, services or suppliers and is information request, not binding on either the supplier or the purchaser?

Question5: Downtime during testing, losses in productivity, resistance to change and new manuals are all description of:

Question6: A performance measurement and management document that records the ratings from an evaluation process is known as:

Question7: Coding activities might include:

Question8: An operations philosophy that stresses creating customer value through the elimination of
waste is called:

Question9: A horizontal bar chart used in project management that is commonly used to plot the planned and actual progress of project activities is known as:

Question10: The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as:

Question11: An intermediary who brings the buyer and the seller together is the:

Question12: According
to the supply management, one of the most useful ways to develop is to begin with an inventory report listing all items in descending order of dollar spent.

Question13: A professional tool that organizations use to measure, investigate and control price and cost changes within their own organizations as:

Question14: At which level, rudimentary contract management processes exist with some informal documentation but there is no accountability for not following the standards and processes?

Question15: What refers to the set of electronic tools used by world-class organizations to generate,
process, transfer, interpret and use information?

Question16: which mean to resolve the logical
When both parties end a negotiation feeling content with what they have bargained, this is referred to as:

Question17: Two back-to-back quarters of negative gross domestic product growth is referred to as:

Question18: What is expressed in a way that indicates price changes over time?

Question19: Employees who posses a desirable knowledge, for example in the area of contract negotiations, and are hired for their mental skills are referred to as:

Question20: A distribution system in which freight moves in and out of a distribution center or point without ever being stored there is referred to as:

Question21: A relatively small amount of the population controlled the majority of the wealth, this is known as:

Question22: Items under review are classified in one of the following risk categories EXCEPT?

Question23: The sourcing process has moved from the initial stage to where it is used more repeatedly because of external pressures in which level of process maturity?

Question24: The ratio of annual operating income to the total capital put in the business is called:

Question25: Forecasters also estimate bias by using a , which is a ratio of the running sum of forecast errors to the cumulative Mean Absolute Deviation (MAD).

Question26: Making environmentally
conscious
decisions throughout the purchasing process beginning with product and process design through product disposal is known as:

Question27: By using which process, the financial services provider improved an established sourcing process to convey clear expectations to service providers?

Question28: A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:

Question29: Seasonality can be forecast using a multiplicative model to create a seasonal index.

Question30: What involves creating a visual depiction of a process, is the starting point to help understand each process and identify the sequencing of each process?

Question31: The costs of logistics services should be determined; these costs plus an added value or markup becomes the:

Question32: A pick module is a type of mechanized system used to:

Question33: An appraisal process developed to measure and improve an organization's critical core capabilities is called:

Question34: A valid concept of connectedness that allows an organization to maintain a high level of confidence in its distribution system is the:

Question35: A process of determining the small minority of a population that accounts for the majority of given effect is called:

Question36: confirms that a change has occurred in the economy and tends to follow changes in the economy.

Question37: Supply management is involved
in projects at the planning stage through source solicitation planning and selection.

Question38: Organizations that perform freight auditing are called:

Question39: The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:

Question40: A chart that captures all the possible causes of a problem in a format designed to show their relationships to the problem and to each other is known as:

Question41: What defines work scope, sets the expectations and defines the relationship between the organization and the service provider?

Question42: Which of the following is NOT the type of statement of work (SOW)?

Question43: The amount of reserve capacity that a firm maintains to handle sudden increases in demand or temporary losses of production capacity is called:

Question44: A large number of suppliers who are all capable of supplying the same product, and the dollars in:

Question45: Any material, component or product that is held for use at a later time is known as:

Question46: An inventory management program where information is submitted electronically from the customer to supplier is called: