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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 organisation created the Decent Work Agenda?

Options:

A.

UN

B.

ISO

C.

ILO

D.

ETI

Question 3

Portobello is an Italian manufacturing company that produces canned tomato sauces. It imports a lot of its tomatoes from Latin America as there isn't the capacity to grow that many tomatoes in Italy. One of the major risks posing Portobello is that the tomatoes must be transported via cargo ship, and there is a risk that the ship may sink, or be delayed by bad weather. Portobello has taken out insurance to cover the cost of the tomatoes should this happen. What technique has Portobello used?

Options:

A.

tolerate

B.

treat

C.

transfer

D.

terminate

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