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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 risks would likely be tolerated by a company?

Options:

A.

no risks should be tolerated

B.

opportunities which are low risk and low impact

C.

opportunities which are low risk and high impact

D.

opportunities which are high risk and low impact

Question 3

Which of the following are benefits of ISO28000? Select TWO.

Options:

A.

competitive advantage

B.

cost saving

C.

increased market share

D.

decreased legal costs

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