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NEW QUESTION 28
Which of the following is a quantative method for completing a risk assessment and an alternative to using an impact scale?

  • A. 4 Ts
  • B. impact analysis
  • C. monetary value
  • D. rating of 1-5

Answer: C

Explanation:
Explanation
P. 133 of the study guide says 'it is also possible for organisation to use a quantative method where they quantify the loss in terms of monitory value instead of an impact figure'. Rating 1-5 is incorrect because this is the same as an impact scale. Impact analysis is wrong because this isn't quantative. 4Ts are the ways you can mitigate risks.

 

NEW QUESTION 29
There are three main areas where third party suppliers are used in risk management. What are they?

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

Answer: A,B,D

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 30
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. professional indemnity
  • C. trade credit
  • D. product liability

Answer: B

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 31
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