Free Managing Supply Chain Risk Practice Questions

A.  

competitive advantage

B.  

increased staff morale

C.  

greater resilience to force majeure events

D.  

increased profits

A.  

the CEO

B.  

Procurement Manager

C.  

Risk Manager / H+S Manager

D.  

Cross-Functional Team

A.  

the goal of risk management is to reduce risks to 0

B.  

risk management is a continuous process

C.  

risk management is an activity that is conducted by a business once a year

D.  

risk management can help companies ensure the smooth and successful running of purchase and supply operations

E.  

risk management is the process by which all risks are either treated or transferred

A.  

increase security of supply risks as this is a tried and tested risk reducing process

B.  

increase security of supply risks as there is less buffer stock held on site

C.  

decrease security of supply risks as there will be increased efficiencies

D.  

decrease security of supply risks as there is less buffer stock

A.  

to engage stakeholders in the development of risk assessments

B.  

to inform stakeholders of potential risks

C.  

to show stakeholders how the company will mitigate risks

D.  

as part of a disaster recovery plan

A.  

organised well in advance to allow the factory managers to prepare for the audit

B.  

conduct on the spot visits with no warning

C.  

conduct group interviews with workers to ensure that all voices are heard

D.  

conduct private meetings with a selection of workers

A.  

Company A has a high gearing ratio, high liquidity and few fixed assets

B.  

Company B has low liquidity, a high gearing ratio and increasing sales trends

C.  

Company C has low liquidity, low gearing and increasing sales trend

D.  

Company D has high liquidity, low gearing and lots of fixed assets

A.  

tolerate

B.  

transfer

C.  

treat

D.  

terminate