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Which of the following will you put into box 7?
Which of the following will you put into box 7?A . new technology B. forward contract C. outsource D. insuranceView AnswerAnswer: C Explanation: Table Description automatically generated
Which of the following will you put into box 5?
Which of the following will you put into box 5?A . audit B. monitor C. insurance D. dual sourcingView AnswerAnswer: B Explanation: The correct answers are as follows: Table Description automatically generated with low confidence
Which of the following will you put into box 2?
Which of the following will you put into box 2?A . transfer B. treat C. tolerate D. terminateView 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 bust. Therefore this risk must be treated.
Which of the following methodologies should Oliver use?
Oliver is a procurement manager and he is trying to work out the likelihood that a supplier fails to deliver to the warehouse two days in a row. Which of the following methodologies should Oliver use?A . value at risk B. normal distribution C. binomial distribution D. Poisson DistributionView AnswerAnswer:...
Which of the following stages would come first within a risk assessment?
Which of the following stages would come first within a risk assessment?A . evaluate risk B. treat risk C. monitor risk D. analyse riskView AnswerAnswer: D Explanation: analyse is the correct answer. The full process is: establish context- identify- analyse - evaluate - treat - monitor and review. This is...
Which of the following form part of the Stakeholder Salience Model? Select TWO
Which of the following form part of the Stakeholder Salience Model? Select TWOA . power B. legitimacy C. interest D. level E. attitudeView AnswerAnswer: A Explanation: Power and Legitimacy are part of the Stakeholder Salience Model - the third characteristic is Urgency. See p. 138
Which of the following statements is true about a Disaster Recovery Plan? Select TWO
Which of the following statements is true about a Disaster Recovery Plan? Select TWOA . it is held at the top level B. it contains more detail than a business continuity plan C. the focus is to return a company to making a profit after a disaster D. it can...
In probability theory, the chances of a coin landing on heads would be expressed in what way?
In probability theory, the chances of a coin landing on heads would be expressed in what way?A . 50% B. one half C. 0.5 D. 50-50View AnswerAnswer: C Explanation:
What would happen if a company enacts its Contingency Agreement following a natural disaster?
What would happen if a company enacts its Contingency Agreement following a natural disaster?A . they will receive a financial pay-out B. they will receive operational help from a third party C. they will be able to claim on insurance D. they will be able to breach any contracts that...
Leo LLP is a company which sources materials internationally, and then sells these on nationally at a small margin. Leo LLP has noted that there is a risk of exchange rate fluctuations making their purchases unviable. The CFO has declared that the only way to mitigate this risk is via hedging and that they should look at price fixing. is this correct?
Leo LLP is a company which sources materials internationally, and then sells these on nationally at a small margin. Leo LLP has noted that there is a risk of exchange rate fluctuations making their purchases unviable. The CFO has declared that the only way to mitigate this risk is via...
