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CIPS Managing Supply Chain Risk Sample Questions (Q56-Q61):

NEW QUESTION # 56
Which of the following will you put into box 2?

  • A. tolerate
  • B. transfer
  • C. terminate
  • D. treat

Answer: D

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated

Cashflow issues can lead to serious financial problems and the company going bust. Therefore this risk must be treated.


NEW QUESTION # 57
Which of the following will you put into box 5?

  • A. Force Majeure
  • B. Conformance Specification
  • C. NDA
  • D. service credits

Answer: C

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated


NEW QUESTION # 58
The CBCI and DBCI are professional qualifications in which area?

  • A. environmental improvements
  • B. supply chain management
  • C. ethical business practices
  • D. business continuity

Answer: D

Explanation:
Explanation
These are qualifications in business continuity. This comes from p.107 of the study guide. CBCI stands for Certificate of the Business Continuity Institute and DBCI Diploma of the Business Continuity Institute. Once you know what the acronyms stand for, the question is quite easy!


NEW QUESTION # 59
Which of the following will you put into box 3?

  • A. strategic
    (Correct)
  • B. operational
  • C. hazard
  • D. financial

Answer: A

Explanation:
Explanation

An aging workforce is a strategic risk for the business.


NEW QUESTION # 60
Which of the following is an International Standard for Risk Management?

  • A. ISO 22301
  • B. ISO28000
  • C. ISO31000
  • D. ISO 27000

Answer: C

Explanation:
Explanation
Risk Management = ISO31000. Learn the ISOs for the exam as it's a popular exam topic. 31000 is explained on p. 140. As well as the numbers, you should also learn the guiding principles of each ISO for the exam.


NEW QUESTION # 61
......

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