100% Pass Guaranteed Accurate L5M2 Answers 365 Days Free Updates [Q26-Q45] : Free Exams Dumps Materials : http://exams.dumpsmaterials.com

Q26. SA 8000 is an alternative to which ISO?

9001

27000

310000

20400

Q27. Which of the following will you put into box 8?

new technology

forward contract

outsource

insurance

Q28. Which of the following statements is true about ISO9001? Select TWO.

it is based on the principle of continuous improvement

it encourages businesses to see quality from the viewpoint of the customer

it aims to ensure sustainability within the supply chain

It complements ISO 20400

it helps businesses to identify areas of potential risk and mitigate these accordingly

Q29. Khalid is a procurement manager who works at a manufacturing organisation based in the UK. The organisation creates building fabric materials by converting raw materials such as steal into useable items in the construction industry. Khalid sources most of his steal internationally due to competitive prices. On one occasion with his usual supplier, the ship that is carrying the materials sinks due to an unexpected storm.
Which clause would be activated within the contract?

force majeure

liability clause

transportation clause

breach of contract

Q30. Which of the following will you put into box 6?

strategic

intellectual property

environment

operational

Q31. The UK Companies (Miscellaneous Reporting) Regulations 2018 states that organisations with more than 250 employees must do what?

Publish an Anti-Slavery Policy

Provide an annual financial statement

Demonstrate how they abide by Environmental practices

Publish a summary of how directors have engaged with employees

Q32. Which of the following is not a benefit of having a contingency plan?

competitive advantage

increased staff morale

greater resilience to force majeure events

increased profits

Q33. Which of the following will you put into box 5?

service credits

NDA

Conformance Specification

Force Majeure

Q34. What is the purpose of an indemnity clause within a contract?

to assign risk to each party

to ensure both parties are adequately insured if something were to go wrong

to transfer risk from one party to another

to explain what would happen in the case of a force majeure

Q35. The CBCI and DBCI are professional qualifications in which area?

supply chain management

ethical business practices

environmental improvements

business continuity

Q36. Neruda Incorporated is evaluating potential suppliers’ financial standings as part of a tender. Which of the following companies is the most financially stable?

Company A has a high gearing ratio, high liquidity and few fixed assets

Company B has low liquidity, a high gearing ratio and increasing sales trends

Company C has low liquidity, low gearing and increasing sales trend

Company D has high liquidity, low gearing and lots of fixed assets

Q37. What is the job of an underwriter?

to assist a buyer in selecting the correct insurance

to advise required insurance levels for a contract

to evaluate insurance applications

to determine the validity of an insurance claim

Q38. Envy Manufacturing has several factories located in countries with poor reputations for human rights. It is concerned about potential risks of child labour being used within the supply chain. Envy Manufacturing has therefore decided to enlist the support of a third party auditing company to audit its factories. How should these audits be conducted? Select TWO

organised well in advance to allow the factory managers to prepare for the audit

conduct on the spot visits with no warning

conduct group interviews with workers to ensure that all voices are heard

conduct private meetings with a selection of workers

Q39. In an organisation, who is responsible for creating a risk assessment register?

the CEO

Procurement Manager

Risk Manager / H+S Manager

Cross-Functional Team

Q40. Company X is a large company which is traded on the UK stock exchange. According to the Companies (Miscellaneous Reporting) Regulations 2018- is it obligatory for Company X to follow a Corporate Governance Code?

yes- all companies in the UK must follow this

yes- all companies trading on the stock exchange must do this

no- corporate governance codes are not mandatory

no- but if it doesn’t follow a Corporate Governance Code it must explain the reasons why not

Q41. ISO 31000 is built on 11 guiding principles. Identify THREE of these.

Risk management can create value

Risk Management should take into account company culture

Risk Management should address uncertainty faced by the organisation

Risk Management should be done annually

Risk Management should include only the Departments affected by risk

Q42. 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?

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

Q43. Fraud committed by an employee within a business is what type of risk?

internal risk

external risk

procurement risk

economic risk

Q44. Which of the following will you put into box 5?

new technology
(Correct)

forward contract

outsource

insurance

Q45. Which of these is a type of Intellectual Property protection? Select TWO

Warranty

Condition

Patent

Trademark