L5M2 Exam Dumps : Managing Supply Chain Risk

Explanation

1, 3 and 4 are the correct options. Binomial is based on discreate events not continuous and it assumes the events of each trial are independent of one another. This YouTube video explains it all perfectly using the chance that an ice-cream cone is broken. It's a nice memorable example to help you remember what binomial distribution is and how it works: - it 's a very memorable example and really helped me. You can also see more info in the cips textbook p.131

Explanation

Low risk and low impact should be tolerated. This is from the Probability and Impact Matric from p.122. The other two options should be either transferred or treated.

Explanation

A Business Continuity Plan is held at the top level. See p. 155