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NEW QUESTION 50
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. public liability
• B. product liability
• C. professional indemnity
• D. trade credit

Answer: C

Explanation:
Explanation
As a consultant he will need Professional Indemnity insurance. This insurance is for roles that include providing advice, designs and services. Insurances comes up a bit in the exam so revise this from p.96-100

NEW QUESTION 51
SA 8000 is an alternative to which ISO?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: A

Explanation:
Explanation
SA8000 is Social Accountability, this is an alternative to ISO 20400 which is Sustainable Procurement. This is explained on p.53 of the study guide. ISOs are a popular exam topic, so ensure you know these four mentioned here before the exam

NEW QUESTION 52
Which of the following is not an internal risk for a business who imports raw materials from abroad?

• A. changes to import levies
• B. technology malfunction
• C. procurement fraud
• D. loss of customer data

Answer: A

Explanation:
Explanation
changes to import levies is an external risk. Not internal. See p.118-119 for more information on internal risks
- this is a popular exam topic. Internal risks are stuff that happens inside a company, external risks are risks from the external environment (whether this is political, economical, weather etc)

NEW QUESTION 53
......