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Managing Supply Chain Risk Question and Answers

Managing Supply Chain Risk

Last Update Apr 24, 2024
Total Questions : 120

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Questions 1

Which of the following form part of the Stakeholder Salience Model? Select TWO

Options:

A.  

power

B.  

legitimacy

C.  

interest

D.  

level

E.  

attitude

Discussion 0
Questions 2

Which of the following is a quantative method for completing a risk assessment and an alternative to using an impact scale?

Options:

A.  

rating of 1-5

B.  

impact analysis

C.  

4 Ts

D.  

monetary value

Discussion 0
Questions 3

Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.

Options:

A.  

organisational governance

B.  

quality management

C.  

human rights

D.  

consumer issues

E.  

efficient systems

Discussion 0
Questions 4

Risk Management is a process with several steps. Which of the following is the last step of the cycle?

Options:

A.  

identify risks

B.  

treat

C.  

monitor and review

D.  

communicate and consult

Discussion 0
Questions 5

What is the final stage of Deming's Plan - Do - Check cycle which is encouraged by ISO9001?

Options:

A.  

Improve

B.  

Review

C.  

Act

D.  

Assess

Discussion 0
Questions 6

In an organisation, who is responsible for creating a risk assessment register?

Options:

A.  

the CEO

B.  

Procurement Manager

C.  

Risk Manager / H+S Manager

D.  

Cross-Functional Team

Discussion 0
Questions 7

Which of the following will you put into box 2?

Options:

A.  

strategic

B.  

intellectual property

(Correct)

C.  

environment

D.  

operational

Discussion 0
Questions 8

Which of the following risks is associated with sourcing from low-cost countries? Select TWO:

Options:

A.  

operational risks

B.  

reputational risks

C.  

geopolitical risks

D.  

financial risks

Discussion 0
Questions 9

Which of the following is a method for approaching risks?

Options:

A.  

tolerate

B.  

translate

C.  

transport

D.  

take out

Discussion 0
Questions 10

Which of the following are factors which can lead to a supplier becoming insolvent? Select THREE

Options:

A.  

fraudulent activity

B.  

attrition of key employees

C.  

uncontrolled expenditure

D.  

increased market share

E.  

a high financial ratio

Discussion 0
Questions 11

Which of the following will you put into box 4?

Options:

A.  

hazard

B.  

financial

C.  

strategic

(Correct)

D.  

operational

Discussion 0
Questions 12

Which of the following FIDIC Contracts would be suitable for a contract for offshore wind projects?

Options:

A.  

Construction Contract

B.  

Measured Term Contract

C.  

Minor Works Contract

D.  

Yellow Book Contract

Discussion 0
Questions 13

Which of the following will you put into box 7?

Options:

A.  

new technology

B.  

forward contract

C.  

outsource

D.  

insurance

Discussion 0
Questions 14

There are three main areas where third party suppliers are used in risk management. What are they?

Options:

A.  

contract negotiations

B.  

supply chain management

C.  

credit ratings

D.  

risk auditing

E.  

disaster recovery

Discussion 0
Questions 15

What is ISO28000?

Options:

A.  

Risk Management

B.  

Supply Chain Security

C.  

Quality Management

D.  

Sustainable Procurement

Discussion 0
Questions 16

Juan is a Spanish business owner who imports several parts from Japan. Juan's business operates in Euros and the parts that he buys from Japan can often take a long time to arrive, this means that the price of the items sometimes fluctuates due to the exchange rate. Which of the following would be the best option for Juan?

Options:

A.  

have the supplier quote in their own currency

B.  

have the supplier quote in Juan's currency

C.  

have the supplier match geographical profiles of customer sales with supplier purchases

D.  

terminate the contract with the foreign supplier

Discussion 0
Questions 17

Which of the following will you put into box 6?

Options:

A.  

service credits

B.  

NDA

C.  

Conformance Specification

D.  

Force Majeure

Discussion 0
Questions 18

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

Discussion 0