L5M2 Questions | Free Practice L5M2 Dumps & Exam Prep

Question No 1

Which of the following statements are true about risk management? Select TWO.

Choose the Choices:

the goal of risk management is to reduce risks to 0

risk management is a continuous process

risk management is an activity that is conducted by a business once a year

risk management can help companies ensure the smooth and successful running of purchase and supply operations

risk management is the process by which all risks are either treated or transferred

Question No 2

A company with a large risk appetite would do which of the following?

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Question No 3

Chloe is a procurement manager at Ruby Company. She has been asked to join a cross - functional team to review the company's risk appetite, potential risks within the supply chain and brainstorm mitigating actions. Chloe has suggested that the cross - functional team should first draw up a list of potential supply chain risks and potential strategies to overcome the risks. Is Chloe correct?

Choose the Choices:

yes - the first thing the team should look at are the risks and categorise these by topic

yes - the team should focus on creating a risk register and strategies for mitigating risks as quickly as possible

no - the team should review the company's risk appetite before creating a risk register

no - Chloe should first speak with suppliers before drawing up the list of potential supply chain risks

Question No 4

John is a mid - level manager and has created a risk / reward matrix about four potential opportunities at his company White Ducky Limited. He will present his research to a board meeting next week. He has categorised the four opportunities as the following. Which of these opportunities should John recommend the board 'consider'? Select TWO.

Choose the Choices:

Question No 5

Company DDD has recently seen a drop in share price and has high levels of Work - in - Progress (WIP) due to late supplier deliveries. Which of the following is the type of risk the business facing?

Choose the Choices:

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