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CIPS Managing Supply Chain Risk Sample Questions:
1. Which of these is a type of Intellectual Property protection? Select TWO
A) Patent
B) Condition
C) Trademark
D) Warranty
2. In which of the following industries is it common to find dedicated resource for risk management?
A) manufacturing
B) banking and insurance
C) agriculture
D) the public sector
3. An interconnected supply chain would have what affect on the creation of a risk register?
A) risks will sit with the procurement team
B) risks will be larger
C) actions to mitigate one risk, may create a new risk
D) actions to mitigate risks will require a cross-functional team
4. Who takes ownership for a Business Continuity Plan?
A) the top level of an organisation
B) the department head
C) the individuals who identify the risks
D) the risk champion of the company
5. Neruda Incorporated is evaluating potential suppliers' financial standings as part of a tender. Which of the following companies is the most financially stable?
A) Company B has low liquidity, a high gearing ratio and increasing sales trends
B) Company C has low liquidity, low gearing and increasing sales trend
C) Company A has a high gearing ratio, high liquidity and few fixed assets
D) Company D has high liquidity, low gearing and lots of fixed assets
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |
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