Q16. 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?

Q17. The legal principle of insurable interest means which of the following statements are TRUE? Select TWO.

Q18. Kieran works in the manufacturing industry and his company have just implemented LEAN production processes. Will this increase or decrease the risks in relation to security of supply?

Q19. Which of the following is not a benefit of having a contingency plan?

Q20. A company with a large risk appetite would do which of the following?

Q21. Logistics Risks are caused by…

Q22. Which of the following will you put into box 6?

Q23. Which of the following are benefits of ISO28000? Select TWO.

Q24. Maple Tree Limited is a Canadian company who has recently signed a new contract with a supplier who is based in China. Maple Tree Limited will be buying a raw material with a reputation for severe price fluctuations. Which of the following would help mitigate the risk that this poses? Select TWO options

Q25. Which of the following will you put into box 4?

Q26. Which of the following will you put into box 7?

Q27. 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?

Q28. What is the job of an underwriter?

Q29. Which of the following will you put into box 8?

Q30. Which of the following will you put into box 1?

Q31. 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.

Q32. Which of the following will you put into box 8?

Q33. The triple bottom line is a way to refer to sustainability practices. Which of the following is included within the Triple Bottom Line? 1. People, 2. Profit, 3. Price, 4. Planet 5. Power.

Q34. A financial instrument used by airlines to fix the price of fuel over a period of time is known commonly as a what?

Q35. Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified. Why might this be?