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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

Which of the following BEST describes a cash flow budget?

Options:

A.

A budget that links expenditures to revenue within each budgetary period

B.

A process in which managers must begin each budgetary period with no predetermined allocations

C.

A financial plan specifying the amount of money to be spent on plant and equipment

D.

A budget that shows individual expenses without tying the expenses to broader goals

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Question 2

MNO Inc. is a U.S.-based manufacturing company that imports sub-assemblies from Asia and incorporates them into several products. The firm orders in large quantities to obtain the lowest price per unit, and then pulls the items as required to produce finished goods. MNO wishes to improve its cash flow and seeks ways to reduce the impact of import duties. Which of the following Is the BEST approach for the company to use?

Options:

A.

Review tariff classifications for potential savings opportunities

B.

Place goods in a bonded warehouse and delay duty payment

C.

Apply for duty refunds when goods are exported

D.

Obtain a temporary import bond

Question 3

A sourcing manager is negotiating a contract with a human resources supplier that has access to employee data, including social security numbers. The supplier proposes an annual cap of $10,000 on overall liability. In this situation, which of the following is the MOST important stakeholder for the sourcing manager to consult in regard to this supplier?

Options:

A.

Risk Management

B.

Operations

C.

Legal

D.

Information Technology (IT)