L5M2 by CIPS Actual Free Exam Questions And Answers

Question 1

What is the purpose of the Sarbanes-Oxley Regulation?

A. to ensure high levels of ethical practice with regards to working conditions

B. to ensure that products that reach the market are fit for purpose

C. to encourage transparency in financial reporting

D. to protect the environment

Discussion 0

Correct Answer: C Vote an answer

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Question 2

Which of the following will you put into box 3?

A. tolerate

B. terminate

C. transfer

D. treat

Discussion 0

Correct Answer: B Vote an answer

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Question 3

SA 8000 is an alternative to which ISO?

A. 27000

B. 20400

C. 9001

D. 310000

Discussion 0

Correct Answer: B Vote an answer

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Question 4

When would a company use the Stakeholder Salience Model?

A. to show stakeholders how the company will mitigate risks

B. as part of a disaster recovery plan

C. to engage stakeholders in the development of risk assessments

D. to inform stakeholders of potential risks

Discussion 0

Correct Answer: C Vote an answer

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Question 5

Khalid is a procurement manager who works at a manufacturing organisation based in the UK. The organisation creates building fabric materials by converting raw materials such as steal into useable items in the construction industry. Khalid sources most of his steal internationally due to competitive prices. On one occasion with his usual supplier, the ship that is carrying the materials sinks due to an unexpected storm.
Which clause would be activated within the contract?

A. liability clause

B. transportation clause

C. force majeure

D. breach of contract

Discussion 0

Correct Answer: C Vote an answer

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Question 6

Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.

A. consumer issues

B. quality management

C. human rights

D. efficient systems

E. organisational governance

Discussion 0

Correct Answer: A,C,E Vote an answer

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Question 7

Zara is a procurement manager who is thinking about working with a new supplier to source buttons for her clothes manufacturing business. Her manager has asked her to do some due diligence on the supplier's financial stability. What should she do?

A. conduct a risk assessment based on the information provided by the supplier in the tender

B. conduct a credit check on the supplier based on the information provided by them in the tender

C. use an outsourced third-party credit rating agency

D. use an outsources third-party risk management consultant

Discussion 0

Correct Answer: C Vote an answer

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CIPS Managing Supply Chain Risk - L5M2 Exam Practice Test

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