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Download Managing Supply Chain Risk Exam Dumps
NEW QUESTION 41
Which of the following statements are true about risk management? Select TWO.
Answer: B,E
Explanation:
Explanation
The correct responses are 2 and 4: risk management is a continual process and helps companies ensure the smooth and successful running of P+S. These are direct quotes from p.3 of the study guide. The other answers are wrong- if risk management is a continuous process it's not something that is done once a year- so this option is automatically discounted. Option 1 is also wrong as you can never reduce all risks to 0, and option 5 is also wrong- risks can be treated and transferred, but they can also be tolerated and terminated.
NEW QUESTION 42
Which of the following is an International Standard for Risk Management?
Answer: D
Explanation:
Explanation
Risk Management = ISO31000. Learn the ISOs for the exam as it's a popular exam topic. 31000 is explained on p. 140. As well as the numbers, you should also learn the guiding principles of each ISO for the exam.
NEW QUESTION 43
Which of the following will you put into box 2?
Answer: A
Explanation:
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.
NEW QUESTION 44
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