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Download Managing Supply Chain Risk Exam Dumps
NEW QUESTION 50
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: C
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 51
Envy Manufacturing has several factories located in countries with poor reputations for human rights. It is concerned about potential risks of child labour being used within the supply chain. Envy Manufacturing has therefore decided to enlist the support of a third party auditing company to audit its factories. How should these audits be conducted? Select TWO
Answer: A,D
Explanation:
Explanation
2 and 4 are correct. Audits should be unscheduled so that any issues can't be covered up in advance. Interviews with workers should also be conducted in private as this will allow them to speak their mind with confidence.
Where interviews are conducted as a group there may be peer-pressure to say the correct thing. especially if there are managers around. see p.88 for information on Audits
NEW QUESTION 52
Which of the following will you put into box 2?
(Correct)C. strategicD. financial
Answer: B
Explanation:
Explanation
Table Description automatically generated
NEW QUESTION 53
Which of the following will you put into box 2?
Answer: B
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated
NEW QUESTION 54
Which of the following will you put into box 8?
Answer: D
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated with low confidence
NEW QUESTION 55
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