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Total 120 questions

Managing Supply Chain Risk Questions and Answers

Question 13

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

Question 14

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

Question 15

Fudgylicious Inc is a manufacturer of confectionary based in the United Kingdom. In one of its factories an employee has an accident during his shift which resulted in him breaking a leg and requiring surgery. Will the employer's Professional Indemnity insurance cover the cost of the operation?

Options:

A.

yes- the insurance will cover all medical expenses as the accident occurred during his working hours

B.

yes- the insurance can be used as the accident occurred on the company's premises

C.

no- the insurance would not cover the cost of surgery, only for lost wages if he is unable to work

D.

no- this is not the purpose of insurance

Question 16

In probability theory, the chances of a coin landing on heads would be expressed in what way?

Options:

A.

50%

B.

one half

C.

0.5

D.

50-50

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Total 120 questions