2023 L5M2 dumps review - Professional Quiz Study Materials

L5M2 Test Prep Training Practice Exam Questions Practice Tests

NEW QUESTION 37
In an emergency situation, put the following phases into chronological order as to when they would be activated 1) disaster recover plan 2) incident response 3) business continuity plan

• A. 1, 2, 3
• B. 1, 3, 2
• C. 3, 1, 2
• D. 2, 1, 3

Answer: D

Explanation:
Explanation
The correct order is 2, 1, 3 - this is from p.108 of the study guide: 'The Components of a Business Continuity and Disaster Recovery Plan'.

 

NEW QUESTION 38
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. Poisson Distribution
• B. normal distribution
• C. binomial distribution
• D. value at risk

Answer: A

Explanation:
Explanation
Poisson Distribution would be used for this. Poisson Distribution predicts the likelihood of an event occurring.
This is explained on p. 129 of the study guide but this YouTube video explains it a lot better:
https://www.youtube.com/watch?v=zA7fp2s7FlM

 

NEW QUESTION 39
Which of the following will you put into box 4?

• A. treat
• B. transfer
• C. tolerate
• D. terminate

Answer: D

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

 

NEW QUESTION 40
Which of the following will you put into box 6?

• A. dual sourcing
• B. insurance
• C. audit
• D. monitor

Answer: A

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

 

NEW QUESTION 41
Which of the following will you put into box 4?

• A. operational
• B. hazard
• C. strategic
  (Correct)
• D. financial

Answer: D

Explanation:
Explanation

Anything to do with currency is a financial risk.

 

NEW QUESTION 42
There are three main areas where third party suppliers are used in risk management. What are they?

• A. contract negotiations
• B. supply chain management
• C. risk auditing
• D. disaster recovery
• E. credit ratings

Answer: C,D,E

Explanation:
Explanation
3 4 and 5 are the correct answers. This is from p. 79 of the textbook - each of these three areas is then covered in detail throughout chapter 2.2.

 

NEW QUESTION 43
Which of the following insurances would provide cover in the eventuality that your supplier's place of business flooded and this affected your deliveries?

• A. public liability insurance
• B. property insurance
• C. contingent business interruption insurance
• D. business interruption insurance

Answer: C

Explanation:
Explanation
This is 'contingent business interruption' insurance. This protects you if anything were to happen to your suppliers' premises. Business Interruption Insurance would cover you if something were to happen to your premises. See p.99

 

NEW QUESTION 44
Which of the following stages would come first within a risk assessment?

• A. analyse risk
• B. treat risk
• C. evaluate risk
• D. monitor risk

Answer: A

Explanation:
Explanation
analyse is the correct answer. The full process is: establish context- identify- analyse - evaluate - treat - monitor and review. This is from p.122

 

NEW QUESTION 45
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?

• A. increase security of supply risks as there is less buffer stock held on site
• B. increase security of supply risks as this is a tried and tested risk reducing process
• C. decrease security of supply risks as there is less buffer stock
• D. decrease security of supply risks as there will be increased efficiencies

Answer: A

Explanation:
Explanation
2 'increase security of supply risks as there is less buffer stock held on site' is the correct answer. With Lean manufacturing there is little or no buffer stock held. This means that if a supplier doesn't deliver on time, the whole manufacturing process will have to come to a stop until new supplies arrive. A risk of Lean Manufacturing is that you become too reliant on suppliers, and if there is a scarcity of resources or an issue with the supply chain, you are more exposed. See p.26-27 for more information on Security of Supply Risks.

 

NEW QUESTION 46
Robot Ltd manufactures high end robots. A lot of value is tied up in the stock that it holds within its warehouse as each robot is worth several thousand pounds. The company has decided to enlist the services of a third party provider for disaster recovery, to help them shape a plan for if something were to happen to the stock, such as a flood. Is this the correct thing for Robot Ltd to do?

• A. no- Robot Ltd should create a cross-functional team to draw up the plan as internal stakeholders will understand the risks better than a 3rd party
• B. yes- a third party is a cheap option for disaster recovery planning
• C. no - a 3rd party can only help in the solution stage of disaster recovery, not the planning stage
• D. yes- a 3rd party can provide broader experience and expertise

Answer: D

Explanation:
Explanation
The correct answer is 1 - the 3rd party can provide broader experience and expertise. They can advise on best practice and will know how to advise Robot Ltd as they will have experience across a wide range of companies. This is explained on p.91 of the study guide

 

NEW QUESTION 47
Which of the following will you put into box 3?

• A. operational
• B. hazard
• C. financial
• D. strategic
  (Correct)

Answer: D

Explanation:
Explanation

An aging workforce is a strategic risk for the business.

 

NEW QUESTION 48
Which of these is a type of Intellectual Property protection? Select TWO

• A. Warranty
• B. Patent
• C. Trademark
• D. Condition

Answer: B,C

Explanation:
Explanation
Patent and Trademark are types of IP protection. There are 4 in total - the other two are copywrite and trade secret. This is covered on p.63-64 of the study guide

 

NEW QUESTION 49
The USA Foreign Corrupt Practices Act (FCPA) is further reaching than the UK's Bribery Act 2010. Is this statement true?

• A. yes- the FCPA exempts facilitation payments
• B. No- the Bribery Act doesn't account for facilitation payments
• C. No- the Bribery Act extends to third parties and the FCPA does not
• D. yes- the FCPA covers 'private bribes' and the Bribery Act does not

Answer: C

Explanation:
Explanation
The correct answer is 3. Firstly you can half the number of responses by looking at the yes / no. The UK Bribery Act is further reaching than the FCPA. Therefore the statement is False. You can therefore discount the options that start with yes. Of the two remaining statements only one of them is true and that is number 3- the Bribery Act extends to third parties and the FCPA does not. Option 4 is incorrect as the Bribery Act DOES account for facilitation payments. Its to FCPA that doesn't. This is explained on p. 36 of the study guide

 

NEW QUESTION 50
Which of the following will you put into box 2?

• A. operational
• B. strategic
• C. environment
• D. intellectual property

Answer: C

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

 

NEW QUESTION 51
Which of the following will you put into box 2?

• A. operational
• B. strategic
• C. financial
• D. hazard
  (Correct)

Answer: D

Explanation:
Explanation
Table Description automatically generated

 

NEW QUESTION 52
......

Exam Questions Answers Braindumps L5M2 Exam Dumps PDF Questions: https://troytec.examstorrent.com/L5M2-exam-dumps-torrent.html