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NEW QUESTION 27
In which of the following industries is it common to find dedicated resource for risk management?

• A. the public sector
• B. manufacturing
• C. agriculture
• D. banking and insurance

Answer: D

Explanation:
Explanation
Banking and Insurance industries usually have a dedicated resource. This mean people working within the company are dedicated to this role (as opposed to using a third party).
P. 146

NEW QUESTION 28
Which of the following is an example of hedging?

• A. risk assessments
• B. audits
• C. dual-sourcing
• D. insurance

Answer: D

Explanation:
Explanation
Insurance is a form of hedging. Hedging is using a financial instrument to offset the potential risk of an adverse loss (p.93) none of the other options mentioned are financial instruments.

NEW QUESTION 29
Which of the following will you put into box 8?

• A. Conformance Specification
• B. NDA
• C. Force Majeure
• D. service credits

Answer: D

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

Service Credits are commonly used in IT contracts. This is where the customer is compensated financially should the system 'go down' for a period.

NEW QUESTION 30
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