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NEW QUESTION 20
Fraud committed by an employee within a business is what type of risk?

A. procurement riskB. economic riskC. external riskD. internal risk

Answer: D

Explanation:
Explanation
This is an internal risk. A procurement risk would be issues with a supplier or contract, and economic risk would be exchange rate fluctuations etc. See p.118 for more information on internal risks- it's a known exam topic

 

NEW QUESTION 21
Kevin is a consultant who works for himself and is predominantly based at home, except for when he visits clients. He has recently taken on a role advising a client about the feasibility of building a new railway station in a village. Which of the following insurances would be vital for Kevin to take out?

A. product liabilityB. public liabilityC. professional indemnityD. trade credit

Answer: C

Explanation:
Explanation
As a consultant he will need Professional Indemnity insurance. This insurance is for roles that include providing advice, designs and services. Insurances comes up a bit in the exam so revise this from p.96-100

 

NEW QUESTION 22
Which of the following will you put into box 2?

A. transferB. terminateC. treatD. tolerate

Answer: C

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated with low confidence

 

NEW QUESTION 23
Which of the following will you put into box 4?

A. strategic
(Correct)B. hazardC. operationalD. financial

Answer: D

Explanation:
Explanation

Anything to do with currency is a financial risk.

 

NEW QUESTION 24
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