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Download Managing Supply Chain Risk Exam Dumps
NEW QUESTION 38
Chloe is a procurement manager at Ruby Company. She has been asked to join a cross-functional team to review the company's risk appetite, potential risks within the supply chain and brainstorm mitigating actions.
Chloe has suggested that the cross-functional team should first draw up a list of potential supply chain risks and potential strategies to overcome the risks. Is Chloe correct?
Answer: A
Explanation:
Explanation
The correct answer is 3 'no- the team should review the company's risk appetite before creating a risk register'.
This questions tests to see if you understand what risk appetite is and when this should be reviewed. Risk appetite is the first stage in developing any plan as it will influence the next stages. For example if the company has a large risk appetite, this would affect how they would classify risks and what mitigating actions they would take. Risk appetite is explained in chapter 1.1 (p.4) but it also comes up in Learning Outcome 3
NEW QUESTION 39
Which of the following will you put into box 3?
Answer: D
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated
The consequences of this risk are huge, therefore the risk should be terminated. This means the cause of the risk is taken away (i.e. the animal testing).
NEW QUESTION 40
The CBCI and DBCI are professional qualifications in which area?
Answer: C
Explanation:
Explanation
These are qualifications in business continuity. This comes from p.107 of the study guide. CBCI stands for Certificate of the Business Continuity Institute and DBCI Diploma of the Business Continuity Institute. Once you know what the acronyms stand for, the question is quite easy!
NEW QUESTION 41
Which of the following statements is true about a Disaster Recovery Plan? Select TWO
Answer: A,C
Explanation:
Explanation
Answers 2 and 4 are correct. A Business Continuity Plan is held at the top level, not a disaster recovery plan.
This can be held at the department level- or whoever would have the ability to enact this if a disaster were to happen. A company is likely to have several Disaster Recovery Plans for different departments and different scenarios so several people within the organisation may be accountable for these. Option 3 is incorrect as the focus is on recovering systems (e.g. getting people back online) not on profit. P.155
NEW QUESTION 42
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