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NEW QUESTION 24
Which of these is a type of Intellectual Property protection? Select TWO
Answer: C,D
Explanation:
Explanation
Patent and Trademark are types of IP protection. There are 4 in total - the other two are copywrite and trade secret. This is covered on p.63-64 of the study guide
NEW QUESTION 25
The legal principle of insurable interest means which of the following statements are TRUE? Select TWO.
Answer: A,C
Explanation:
Explanation
Insurable Interest means that it is not possible to insure someone else's factory. The study guide explains that you can only take out insurance where you have at least partial ownership of that risk. Therefore option 3 is also correct as you have a partial risk if something were to happen to your supplier's factory. You can take out CBI insurance for this. see p.100-101 for further explanations of Legal Principles of Insurance
NEW QUESTION 26
Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified. Why might this be?
Answer: C
Explanation:
Explanation
This could be for cultural reasons within the company.
P. 135 states that sometimes causes of risk are not recorded as this could lead to a blame culture within the company.
NEW QUESTION 27
Which of the following will you put into box 7?
Answer: B
Explanation:
Explanation
Table Description automatically generated
NEW QUESTION 28
Risk should be a 'golden thread' that links all of the organisation's strategies, communications, policies and training. The LILAC model describes how a risk-aware culture can be created. Which of the following form part of the LILAC model?
Answer: A
Explanation:
Explanation
The LILAC Model is; Leadership, Involvement, Learning, Accountability and Communication.
P. 149
NEW QUESTION 29
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