Certified Professional in Supplier Diversity (CPSD) Practice Test 3

In a recent procurement strategy meeting, a company is evaluating its supplier diversity program. The team is considering the inclusion of various types of diverse suppliers to enhance their supply chain resilience and innovation. They are particularly interested in understanding the differences between minority-owned, women-owned, and veteran-owned businesses. If the company aims to allocate 30% of its procurement budget to diverse suppliers, and they currently spend $1,000,000 annually, how much of this budget should be allocated to each type of diverse supplier if they decide to distribute the budget equally among the three categories?