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L5M2 Exam Dumps : Managing Supply Chain Risk

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Managing Supply Chain Risk Questions and Answers

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Question 1

ISO 31000 is built on 11 guiding principles. Identify THREE of these.

Options:

A.

Risk management can create value

B.

Risk Management should take into account company culture

C.

Risk Management should address uncertainty faced by the organisation

D.

Risk Management should be done annually

E.

Risk Management should include only the Departments affected by risk

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Question 2

Which of the following will you put into box 3?

Options:

A.

hazard

B.

financial

C.

strategic

(Correct)

D.

operational

Question 3

Which of the following is an example of force majeure?

Options:

A.

The supplier delivers materials late due to a breakdown

B.

The supplier asks for an uplift in prices

C.

The supplier is under criminal investigation for fraud

D.

The supplier's factory is hit by a hurricane

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