Question 1

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

Options :

A : banking and insurance

B : agriculture

C : manufacturing

D : the public sector

Answer: A

Question 2

2021-07-23-19-21-32-e2efebc73ed7d3407c3ab0a1142d7f4e

Which of the following will you put into box 7?

Options :

A : service credits

B : NDA

C : Conformance Specification

D : Force Majeure

Answer: C

Question 3

2021-07-23-18-48-15-361d6c186f2b89c0ea2ea8615b7eb3c7

Which of the following will you put into box 4?

Options :

A :

hazard

B : financial

C : strategic

D : operational

Answer: B

Question 4

ISO 20400 represents what area of business?

Options :

A : Quality Management

B : Supply Chain Security

C : Risk Management

D :

Sustainable Procurement

Answer: D

Question 5

Robot Ltd manufactures high end robots. A lot of value is tied up in the stock that it holds within its warehouse as each robot is worth several thousand pounds. The company has decided to enlist the services of a third party provider for disaster recovery, to help them shape a plan for if something were to happen to the stock, such as a flood. Is this the correct thing for Robot Ltd to do?

Options :

A : yes- a 3rd party can provide broader experience and expertise

B : yes- a third party is a cheap option for disaster recovery planning

C : no- Robot Ltd should create a cross-functional team to draw up the plan as internal stakeholders will understand the risks better than a 3rd party

D : no - a 3rd party can only help in the solution stage of disaster recovery, not the planning stage

Answer: A