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Total 120 questions
CIPS L5M2 Managing Supply Chain Risk Exam Practice Test
Question 1
Which of the following will you put into box 5?
Answer : A
The correct answers are as follows:
CSR= Corporate Social Responsibility
Question 2
Which of the following will you put into box 5?
Answer : D
The correct answers are as follows:
Standardised payment terms would help with cashflow. For example every client must pay within 30 days.
Question 3
Which of the following will you put into box 5?
Answer : C
The correct answers are as follows:
A force majeure clause within a contract would allow XWY to end any contracts it is unable to fulfil without repercussions if an earthquake were to strike.
Question 4
Which of the following will you put into box 5?
Answer : B
The correct answers are as follows:
Cashflow issues can lead to serious financial problems and the company going bust. Therefore this risk must be treated.
Question 5
Which of the following will you put into box 5?
Answer : D
The correct answers are as follows:
Question 6
Which of the following will you put into box 5?
Answer : B
The correct answers are as follows:
Question 7
What is the purpose of a Disaster Recovery Plan?
Answer : A
A Disaster Recovery Plan is to get critical systems operational following an emergency. This is implemented hours after the event. Option 2 describes Incident Response and Option 3 describes a Business Continuity Plan. Option 4 is made up. These definitions and the timeline of when they're activated is on p.108 of the study guide
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