Managing Supply Chain Risk
Last Update 3 days ago
Total Questions : 120
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Which of the following legal principles means that a person can only claim the value of a loss once, regardless of if they have multiple insurance policies?
Which of the following are factors which can lead to a supplier becoming insolvent? Select THREE
A large multi-national corporation has just been awarded a credit rating of C by the three main credit rating agencies. What does this score signify?
Maple Tree Limited is a Canadian company who has recently signed a new contract with a supplier who is based in China. Maple Tree Limited will be buying a raw material with a reputation for severe price fluctuations. Which of the following would help mitigate the risk that this poses? Select TWO options
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?
According to Kid Sadgrove, fraud can take place when four pre-conditions exist. Which of the following is not one of those pre-conditions?
In an organisation, who is responsible for creating a risk assessment register?
Which of the following statements are true about risk management? Select TWO.
Kieran works in the manufacturing industry and his company have just implemented LEAN production processes. Will this increase or decrease the risks in relation to security of supply?
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
Neruda Incorporated is evaluating potential suppliers' financial standings as part of a tender. Which of the following companies is the most financially stable?
TESTED 07 May 2024
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