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Free PDF CIPS - L5M2 - Managing Supply Chain Risk Unparalleled Reliable Braindumps Questions
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These study questions are most likely to appear in the actual L5M2 exam.
NEW QUESTION 22
There are three main areas where third party suppliers are used in risk management. What are they?
- A. credit ratings
- B. contract negotiations
- C. supply chain management
- D. disaster recovery
- E. risk auditing
3 4 and 5 are the correct answers. This is from p. 79 of the textbook - each of these three areas is then covered in detail throughout chapter 2.2.
NEW QUESTION 23
What is the purpose of the Sarbanes-Oxley Regulation?
- A. to encourage transparency in financial reporting
- B. to protect the environment
- C. to ensure that products that reach the market are fit for purpose
- D. to ensure high levels of ethical practice with regards to working conditions
Sarbanes Oxley Regulations encourages transparency in financial reporting. The regulations came in response to the Enron scandal in 2001 when Enron bosses were falsifying financial records to make the company look better than it was, then the company went bust. The point of Sarbanes Oxley is to ensure that this doesn't happen again- that business leaders report correct financial statements to shareholders. The study guide talks about this on p.42 but I'd recommend also watching this video as it gives a good background to the regulation:
NEW QUESTION 24
Which of the following are technological risks to an organisation? Select TWO
- A. quality failure
- B. cyber-security issue
- C. network failure
- D. supply chain security issue
- E. supplier management issue
Cyber security and network failure are two types of security risks. See.
P. 154. There aren't a lot of questions on chapter 3.4 as it's a very short chapter and a lot of the material is repeated in earlier chapters. A brief look over this chapter is all you'll need before the exam.
NEW QUESTION 25