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1.
Which of the following is a definition of a risk?
2.
Which of the following are examples of hazards in a supply chain?
1. Probability of lost sales due to geopolitical threats
3.
It is always important to consider the risk appetite level of an organisation before taking any risk. Is this statement correct?
4.
Procurement managers should always avoid taking the risks that face their departments in order to trade profitably. Is this statement correct?
5.
A fire at the depot of a transport company destroys its vehicle fleet. It is insured and so in time the vehicles can be replaced. However, in the short-term it cannot fulfil its customer orders and so loses business. This loss of business is known as which of the following?
6.
Which of the following are types of direct loss? Select the TWO that apply.
7.
Which of the following are the correct characteristics of an indirect loss?
1. Indirect loss cannot be easily quantified
8.
Which of the following is an example of a supply chain’s internal risk?
9.
Which of the following are examples of fraud in a supply chain Select the three that apply.
10.
Procurement managers always have a role to play in effective abolition of fraud in the supply chain. Is this statement true?
11.
Which of the following are potential technology risks for the procurement organisation?
1. Under-investment
12.
Which of the following are regarded as the pre-condition for fraud in the supply chain? Select the TWO that apply.
13.
CBEF Manufacturers is a German mobile phone producer supplying its products to a significant number of countries around the world. They use international sourcing strategy to acquire most of their inputs for manufacturing. Which of the following are likely to affect CBEF Manufacturers when acquiring their inputs?
1. Language and cultural difference
14.
ManCo Inc is a global manufacturing organisation. It has a highly integrated supply chain. All parties are interconnected with the result that data availability and transparency are high. ManCo’s CPO is particularly concerned about the technological risk this approach may cause. Which of the following is such a risk for ManCo?
15.
Which of the following are the steps that the procurement manager can take to mitigate currency risks?
1. A buyer can the request to use its own currency
16.
The Sarbanes-Oxley regulations are mostly focused on...
1. Investor protection
17.
Insolvency is one of the obvious reasons for the supplier’s inability to perform the contract satisfactorily? Which of the following are the reasons for supplier insolvency? Select the THREE that apply.
18.
Which of the following ratios assess the supplier’s financial risk determining the supplier’s ability to meet its short term liabilities using its current assets?
1. Profitability ratios
19.
Is it a good practice to encourage whistle-blowing amongst employees working in the supply chain if they suspect unethical behaviour in the supply chain?
20.
A risk associated with brand is likely to affect which of the following for an organisation?
21.
Which of the following is a sustainable procurement standard?
22.
Is it always necessary to include a force majeure clause into a contract of services with a supplier?
23.
What is the name of a contractual clause that must be included in a contract to reduce the risk of being supplied with a defective product?
24.
Model form contracts are popular because they offer additional protections to suppliers. Is this statement correct?
25.
Which of the following are types of intellectual property protection?
1. Copyright
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why isn’t the answer to number 25 1 and 2
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