Practice L5M2 Exam Online

Question 1

2021-07-23-19-21-32-e2efebc73ed7d3407c3ab0a1142d7f4e

Which of the following will you put into box 7?

A : service credits

B : NDA

C : Conformance Specification

D : Force Majeure

Answer: C

Question 2

2021-07-23-19-56-44-05fa1d78ad7a1743f61eeeab62b1a8ba

Which of the following will you put into box 8?

A : audit

B : monitor

C : insurance

D : dual sourcing

Answer: A

Question 3

ISO 20400 represents what area of business?

A : Quality Management

B : Supply Chain Security

C : Risk Management

D :

Sustainable Procurement

Answer: D

Question 4

Leo LLP is a company which sources materials internationally, and then sells these on nationally at a small margin. Leo LLP has noted that there is a risk of exchange rate fluctuations making their purchases unviable. The CFO has declared that the only way to mitigate this risk is via hedging and that they should look at price fixing. is this correct?

A : yes- hedging is the only solution to mitigate the risk of adverse price movements

B : yes- this reduces the risk to 0

C : no- Leo LLP could do nothing and increase its prices instead

D : no- Leo LLP can take out insurance to mitigate this risk

Answer: C

Question 5

What is the final stage of Deming's Plan - Do - Check cycle which is encouraged by ISO9001?

A : Improve

B : Review

C : Act

D : Assess

Answer: C

Name:	CORE Level 5 Managing Supply Chain Risk
Exam Code:	L5M2
Certification:	Level 5 Advanced Diploma in Procurement and Supply
Vendor:	CIPS
Total Questions:	122
Last Updated:	Apr 24, 2024

CIPS L5M2