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Managing Supply Chain Risk L5M2 paper *4.
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A supplier's insolvency is a key factor affecting their ability to fulfill a contract. Which of the following are potential causes of supplier insolvency? Select the THREE that apply.
Which ratio is designed to assess the risk of a supplier’s financial health by determining its ability to settle short-term liabilities with current assets?
1. Profitability ratios
2. Acid test ratio
3. Gearing ratio
4. Current ratio
Should employees in the supply chain be encouraged to report unethical behavior through whistle-blowing if they suspect misconduct?
Which aspects of an organization are most likely to be impacted by a risk associated with its brand?
Which of these is an established standard for ensuring sustainability in procurement?
Is it essential to include a force majeure clause in a service contract with a supplier?
What is the name of the clause that helps reduce the likelihood of being supplied with defective products in a contract?
Are model form contracts preferred because they offer suppliers enhanced protections?
Which options listed represent types of intellectual property protection?
1. Copyright
2. Indemnity
3. Insurance
4. Trademark
Is it accurate to say that unforeseen events in a contract are treated as 'force majeure,' and thus all parties are absolved from liability?
Which contractual clause would apply in the event of a hurricane halting a factory's ability to manufacture and deliver goods to their destination?
Which of the following is not considered an advantage of using a standard form of contract?
Which of the following are the best practices for conducting audits? Select the TWO that apply.
For a high-risk, medium-value contract where the procurement organization heavily relies on an outsourced supplier, the procurement manager has requested a disaster recovery plan. Is this request appropriate in this situation?
TURNIT Inc, a chemical manufacturing company, employs a large workforce, with most employees working in the production department. Given the health and safety risks in their work environment, the company has an insurance policy that provides coverage in case an employee files a claim for a work-related injury or illness. Which type of insurance is TURNIT Inc using?
Which type of insurance is triggered when a supplier's premises and property sustain damage?
A contingency plan consists of multiple phases. Which of the following are part of this process? Select the THREE that apply.
In a contingency plan, which of the following is implemented days after a disaster has significantly disrupted the organization's operations?
As part of its logistics management agreement with a customer, RN Co has included a force majeure clause in the contract. Which of the following scenarios would qualify as a force majeure event?
Does the principle of utmost good faith serve as a core element in insurance contracts?
Which of the following are examples of external risks that could affect the organization’s performance? Select the THREE that apply.
What are the techniques used to identify and assess risks in the supply chain?
1. Probability
2. Intensity
3. Impact
4. Mitigation measures
Which type of distribution applies when the number of possible outcomes is fixed at two?
The probability of discrete events with only two possible outcomes describes which type of probability distribution?
Company A is working on improving its risk management strategies. The management team has chosen to use a risk probability/impact matrix. The matrix is intended to plot...
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