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Managing Supply Chain Risk

Last Update 19 hours ago Total Questions : 120

The Managing Supply Chain Risk content is now fully updated, with all current exam questions added 19 hours ago. Deciding to include L5M2 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our L5M2 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these L5M2 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Managing Supply Chain Risk practice test comfortably within the allotted time.

Question # 4

Which of these is a type of Intellectual Property protection? Select TWO

A.

Warranty

B.

Condition

C.

Patent

D.

Trademark

Question # 5

Which of the following statements are true about risk management? Select TWO.

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

Question # 6

In an organisation, who is responsible for creating a risk assessment register?

A.

the CEO

B.

Procurement Manager

C.

Risk Manager / H+S Manager

D.

Cross-Functional Team

Question # 7

Portobello is an Italian manufacturing company that produces canned tomato sauces. It imports a lot of its tomatoes from Latin America as there isn't the capacity to grow that many tomatoes in Italy. One of the major risks posing Portobello is that the tomatoes must be transported via cargo ship, and there is a risk that the ship may sink, or be delayed by bad weather. Portobello has taken out insurance to cover the cost of the tomatoes should this happen. What technique has Portobello used?

A.

tolerate

B.

treat

C.

transfer

D.

terminate

Question # 8

Logistics Risks are caused by…

A.

heightened ethical standards

B.

customer expectations

C.

extended supply chains

D.

economic instability

Question # 9

Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.

A.

organisational governance

B.

quality management

C.

human rights

D.

consumer issues

E.

efficient systems

Question # 10

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

A.

quote in the supplier's currency

B.

quote in the buyer's currency

C.

use a forward exchange contract

D.

fix the exchange rate at the current rate

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