Exact2Pass
Which of the following statements are true about risk management? Select TWO.
In an organisation, who is responsible for creating a risk assessment register?
Portobello is an Italian manufacturing company that produces canned tomato sauces. It imports a lot of its tomatoes from Latin America as there isn't the capacity to grow that many tomatoes in Italy. One of the major risks posing Portobello is that the tomatoes must be transported via cargo ship, and there is a risk that the ship may sink, or be delayed by bad weather. Portobello has taken out insurance to cover the cost of the tomatoes should this happen. What technique has Portobello used?
Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.
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
Standard Deviation is the measure of the variation between the values in a range of data. From which of the following could you calculate Standard Deviation?
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?
A financial instrument used by airlines to fix the price of fuel over a period of time is known commonly as a what?
In probability theory, the chances of a coin landing on heads would be expressed in what way?
Which of the following statements about FIDIC Contracts are true? Select TWO:
Which of the following is not an internal risk for a business who imports raw materials from abroad?
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.