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L5M2 Exam Dumps : Managing Supply Chain Risk

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Managing Supply Chain Risk Questions and Answers

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Question 1

Fudgylicious Inc is a manufacturer of confectionary based in the United Kingdom. In one of its factories an employee has an accident during his shift which resulted in him breaking a leg and requiring surgery. Will the employer's Professional Indemnity insurance cover the cost of the operation?

Options:

A.

yes- the insurance will cover all medical expenses as the accident occurred during his working hours

B.

yes- the insurance can be used as the accident occurred on the company's premises

C.

no- the insurance would not cover the cost of surgery, only for lost wages if he is unable to work

D.

no- this is not the purpose of insurance

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Question 2

ISO 31000 is built on 11 guiding principles. Identify THREE of these.

Options:

A.

Risk management can create value

B.

Risk Management should take into account company culture

C.

Risk Management should address uncertainty faced by the organisation

D.

Risk Management should be done annually

E.

Risk Management should include only the Departments affected by risk

Question 3

In probability theory, the chances of a coin landing on heads would be expressed in what way?

Options:

A.

50%

B.

one half

C.

0.5

D.

50-50

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