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L5M2 PDF

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  • Exam Name: Managing Supply Chain Risk
  • Last Update: 24-Apr-2024
  • Questions and Answers: 120
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L5M2 Questions and Answers

Question # 1

Oliver is a procurement manager and he is trying to work out the likelihood that a supplier fails to deliver to the warehouse two days in a row. Which of the following methodologies should Oliver use?

A.

value at risk

B.

normal distribution

C.

binomial distribution

D.

Poisson Distribution

Question # 2

Which of the following is a component of the Sarbanes-Oxley Regulations?

A.

separation of duties

B.

ethical business practices

C.

elimination of bribery

D.

environmental protection

Question # 3

Which of the following will you put into box 6?

A.

service credits

B.

NDA

C.

Conformance Specification

D.

Force Majeure

Question # 4

Which of the following will you put into box 1?

A.

hazard

B.

financial

C.

strategic

D.

operational

Question # 5

In probability theory, the chances of a coin landing on heads would be expressed in what way?

A.

50%

B.

one half

C.

0.5

D.

50-50

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