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Download Managing Supply Chain Risk Exam Dumps
NEW QUESTION 38
Which of the following will you put into box 7?
- A. insurance
- B. monitor
- C. dual sourcing
- D. audit
Answer: A
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated with low confidence
NEW QUESTION 39
A company with a large risk appetite would do which of the following?
- A. take few, well calculated risks
- B. take risks where it feels it will win more than it loses
- C. take all risks
- D. avoid taking risks
Answer: B
Explanation:
Explanation
2 is the correct answer. Risk appetite is the level of risk that an individual or organisation is comfortable taking (p.4). Having a large risk appetite does not mean that you want to take every risk (as that would be irresponsible), rather, a large risk appetite means you're more likely to gamble and take calculated risks, even though they might not pay off. A small risk appetite would describe options 3 and 4 - taking few risks, or none at all.
NEW QUESTION 40
Standard Deviation is the measure of the variation between the values in a range of data. From which of the following could you calculate Standard Deviation?
- A. poisson distribution
- B. binomial distribution
- C. normal distribution
- D. value at risk
Answer: C
Explanation:
Explanation
This is calculated from normal distribution. In normal distribution most of the values are concentrated around the middle of the data set- standard deviation identifies how far a data point is from this average. See p.128 for more information
NEW QUESTION 41
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