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Managing Supply Chain Risk L5M2 Paper* 8.
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1.
Insurance arrangements for an organization typically exclude coverage for:
2.
A loss assessor is responsible for:
3.
The RTO in business continuity planning refers to:
4.
Which FIVE legal principles are fundamental in insurance?
5.
An underwriter is responsible for:
6.
The Stakeholder Salience Model enhances the Mendelow Matrix by factoring in:
7.
To ensure the success of BCM, it should become a part of the ______ within your organization, accomplished through a combination of training and awareness-building.
8.
When considering risk and uncertainty within an organization’s risk management process, the risk team must understand that:
9.
Having a plan in place to ensure your organization can continue operating with minimal disruption is known as:
10.
The process of risk assessment includes: identifying the risk, analyzing the risk, and then ______.
11.
An essential component of Business Continuity Management is establishing the:
12.
A primary reason for an organization to continuously assess and review its risk management process is
13.
In the case of a normal distribution, where the mean is m and the standard deviation is S:
14.
Which of the following is NOT typically an event that necessitates disaster recovery?
15.
The ISO 31000 standard divides risk management areas into:
16.
A key difficulty of a risk register for a large engineering company is:
17.
Risk management is focused on:
18.
Which of the following are recognized risk management strategies for mitigating risks? Select TWO that apply.
19.
Taking out an insurance policy to mitigate supply risk is an example of which risk management strategy?
20.
lect all THREE phases of a Business Contingency Plan:
21.
Which THREE of the following statements accurately describe the concept of ‘normal distribution’?
22.
Which TWO of the following are classified as types of direct loss?
23.
Which of the following represents an example of an internal risk within a supply chain?
24.
Which of the following best describe the traits of an indirect loss?
1. Indirect loss cannot be easily quantified
2. Indirect loss can be easily documented
3. Indirect loss is difficult to insure against
4. Indirect loss requires a lot of money to insure
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