Summer Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exc65

Which of the following will you put into box 8?

A.

new technology

B.

forward contract

C.

outsource

D.

insurance

Which of these is a type of Intellectual Property protection? Select TWO

A.

Warranty

B.

Condition

C.

Patent

D.

Trademark

In which of the following industries is it common to find dedicated resource for risk management?

A.

banking and insurance

B.

agriculture

C.

manufacturing

D.

the public sector

Which of the following will you put into box 3?

A.

tolerate

B.

transfer

C.

treat

D.

terminate

There are three main areas where third party suppliers are used in risk management. What are they?

A.

contract negotiations

B.

supply chain management

C.

credit ratings

D.

risk auditing

E.

disaster recovery

Which of the following form part of the Stakeholder Salience Model? Select TWO

A.

power

B.

legitimacy

C.

interest

D.

level

E.

attitude

The legal principle of insurable interest means which of the following statements are TRUE? Select TWO.

A.

it is possible to insure someone else's factory

B.

it is not possible to insure someone else's factory

C.

it is possible to insure your supplier's factory

D.

it is not possible to insure your supplier's factory

Which of the following will you put into box 4?

A.

hazard

B.

financial

C.

strategic

(Correct)

D.

operational

Standard Deviation is the measure of the variation between the values in a range of data. From which of the following could you calculate Standard Deviation?

A.

normal distribution

B.

binomial distribution

C.

poisson distribution

D.

value at risk

Petra Ltd is a manufacturer of upmarket baked goods and they have a range which is gluten free and therefore suitable for customers who have an intolerance of wheat. For this reason Petra Ltd is very strict about the ingredients that it sources. It's main supplier has provided written agreement that they will test all ingredients in their processing factory to ensure that they are suitable for the gluten free diet before delivery is made, and once delivery is made the materials will be deemed accepted by the buyer. Is Petra right to accept this arrangement?

A.

yes- this reduces the risk of unsuitable materials entering Petra's factory

B.

yes- this arrangement places the risk on the supplier rather than Petra

C.

no- Petra should arrange for additional tests to be conducted on the deliveries and only accept them once these tests have been completed

D.

no - this arrangement is unacceptable and Petra should void the contract