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Download Managing Supply Chain Risk Exam Dumps

NEW QUESTION 35
Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.

• A. consumer issues
• B. quality management
• C. organisational governance
• D. human rights
• E. efficient systems

Answer: A,C,D

Explanation:
Explanation
1 3 and 4 are the correct answers. There are 7 key areas that ISO 26000 focuses on. As well as these three, there is also labour practices, the environment, fair operating practices and community involvement. See p. 51 of the study guide. ISOs are a popular exam topic so do revise these before the exam.

NEW QUESTION 36
Which of the following statements is true about ISO9001? Select TWO.

• A. it is based on the principle of continuous improvement
• B. it encourages businesses to see quality from the viewpoint of the customer
• C. it helps businesses to identify areas of potential risk and mitigate these accordingly
• D. it aims to ensure sustainability within the supply chain
• E. It complements ISO 20400

Answer: A,B

Explanation:
Explanation
ISO 9001 is Quality Management- answers 1 and 2 are correct. ISOs are a popular topic on this exam so be sure to revise them - and not only what the names of them are, but also the principles behind each ISO. ISO
9001 is discussed on p. 25 of the CIPS study guide.

NEW QUESTION 37
The legal principle of insurable interest means which of the following statements are TRUE? Select TWO.

• A. it is possible to insure someone else's factory
• B. it is possible to insure your supplier's factory
• C. it is not possible to insure someone else's factory
• D. it is not possible to insure your supplier's factory

Answer: B,C

Explanation:
Explanation
Insurable Interest means that it is not possible to insure someone else's factory. The study guide explains that you can only take out insurance where you have at least partial ownership of that risk. Therefore option 3 is also correct as you have a partial risk if something were to happen to your supplier's factory. You can take out CBI insurance for this. see p.100-101 for further explanations of Legal Principles of Insurance

NEW QUESTION 38
Kevin is a consultant who works for himself and is predominantly based at home, except for when he visits clients. He has recently taken on a role advising a client about the feasibility of building a new railway station in a village. Which of the following insurances would be vital for Kevin to take out?

• A. professional indemnity
• B. trade credit
• C. product liability
• D. public liability

Answer: A

Explanation:
Explanation
As a consultant he will need Professional Indemnity insurance. This insurance is for roles that include providing advice, designs and services. Insurances comes up a bit in the exam so revise this from p.96-100

NEW QUESTION 39
Which of the following will you put into box 6?

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

Answer: D

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

NEW QUESTION 40
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