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In an organisation, who is responsible for creating a risk assessment register?
In an organisation, who is responsible for creating a risk assessment register?A . the CEO B. Procurement Manager C. Risk Manager / H+S Manager D. Cross-Functional TeamView AnswerAnswer: D Explanation: A Cross Functional Team should create a risk register. It shouldn't be the responsibility of one person to do this-...
Which of these opportunities should John recommend the board 'consider'?
John is a mid-level manager and has created a risk / reward matrix about four potential opportunities at his company White Ducky Limited. He will present his research to a board meeting next week. He has categorised the four opportunities as the following. Which of these opportunities should John recommend...
Which of the following statements about binomial distribution are true? Select THREE
Which of the following statements about binomial distribution are true? Select THREEA . there are only two outcomes B. they are based on continuous events C. there is only one outcome per event D. each trial has the same probability E. the events of one trial will impact on the...
Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.
Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.A . organisational governance B. quality management C. human rights D. consumer issues E. efficient systemsView AnswerAnswer: A,C,D Explanation: 1 3 and 4 are the correct answers. There are 7 key areas that ISO 26000 focuses on....
Is Petra right to accept this arrangement?
Petra Ltd is a manufacturer of upmarket baked goods and they have a range which is gluten free and therefore suitable for customers who have an intolerance of wheat. For this reason Petra Ltd is very strict about the ingredients that it sources. It's main supplier has provided written agreement...
Which of the following will you put into box 5?
Which of the following will you put into box 5?A . CSR Policy B. Quote in Buyer's Currency C. Force Majeure D. Standardise Payment TermsView AnswerAnswer: B Explanation: The correct answers are as follows: Table Description automatically generated Cashflow issues can lead to serious financial problems and the company going...
What is this an example of?
Company X is a large manufacturer of cosmetics and household products. It operates in 57 different countries and has large and complex supply chains. The brand's popularity is partly due to the cheap price of the products compared with its competitors and Company X has recently discovered that child labour...
A black swan event is what type of occurrence?
A black swan event is what type of occurrence?A . an occurrence with a good outcome B. an occurrence with a negative outcome C. a common occurrence D. an unusual occurrenceView AnswerAnswer: D Explanation: A black swan event is an unusual occurrence - something that is rare. See p.124
Which of the following will you put into box 3?
Which of the following will you put into box 3?A . hazard B. financial C. strategic (Correct) D. operationalView AnswerAnswer: C Explanation: An aging workforce is a strategic risk for the business.
Which of the following statements is true about ISO9001? Select TWO.
Which of the following statements is true about ISO9001? Select TWO.A . it is based on the principle of continuous improvement B. it encourages businesses to see quality from the viewpoint of the customer C. it aims to ensure sustainability within the supply chain D. It complements ISO 20400 E....
