Question 1

Risk can be stated as__________

Accepted Answer

A) Risk= f (probability, consequences) 
B) Risk= f/I (probability divided by insurance cost) 
C) Risk= I+AC (insurance plus accidental costs) 
D) All of the above. 
A) Risk= f (probability, consequences) 
B) Risk= f/I (probability divided by insurance cost) 
C) Risk= I+AC (insurance plus accidental costs) 
D) All of the above. A

Question 2

__________ is a mitigation approach that focuses on low-cost, decentralized capacity for predictable demand.

Accepted Answer

A) Decrease capacity 
B) Increase capacity 
C) High volume capacity 
D) Increase responsiveness 
A) Decrease capacity 
B) Increase capacity 
C) High volume capacity 
D) Increase responsiveness B

Question 3

What type of mitigation approach favors responsiveness over cost for short life cycle products?

Accepted Answer

A) Accelerating responsiveness. 
B) Increase responsiveness. 
C) Cycle responsiveness. 
D) None of these. 
A) Accelerating responsiveness. 
B) Increase responsiveness. 
C) Cycle responsiveness. 
D) None of these. B

Question 4

A/An___________ approach favors centralizing redundancy for low- volume products in a few flexible suppliers.

Accepted Answer

A) Acquire redundant suppliers 
B) High redundancy for low-volume products 
C) Acquire short life cycle products 
D) None of these. 
A) Acquire redundant suppliers 
B) High redundancy for low-volume products 
C) Acquire short life cycle products 
D) None of these.

Question 5

______________ consist of any uncertainties arising from the supply chain and environmental connections.

Accepted Answer

A) Biological risk sources 
B) Environmental risk sources 
C) Natural risk sources 
D) Pre-natural environmental sources 
A) Biological risk sources 
B) Environmental risk sources 
C) Natural risk sources 
D) Pre-natural environmental sources

Question 6

Which of the following is considered an important adverse consequence?

Accepted Answer

A) Financial consequences. 
B) Negative health and safety impacts. 
C) Reputation damage. 
D) All of the above. 
A) Financial consequences. 
B) Negative health and safety impacts. 
C) Reputation damage. 
D) All of the above.

Question 7

What best describes the term inertia?

Accepted Answer

A) Risks due to lack of responsiveness to changing environmental conditions. 
B) Risks caused by shipment problems. 
C) Risks caused by the holding up of merchandise on docks. 
D) Risks due to lack of transportation and labor. 
A) Risks due to lack of responsiveness to changing environmental conditions. 
B) Risks caused by shipment problems. 
C) Risks caused by the holding up of merchandise on docks. 
D) Risks due to lack of transportation and labor.

Question 8

Supply chain risks are directly mirrored in a firm's____________, and valued in the financial market.

Accepted Answer

A) Financial analysis 
B) Financial cycles 
C) Predictability 
D) Financial performance 
A) Financial analysis 
B) Financial cycles 
C) Predictability 
D) Financial performance

Question 9

The trend towards minimizing costs: has resulted in the globalization of supply chains, making supply chains more_________.

Accepted Answer

A) Susceptible 
B) Intricate 
C) Both A and B. 
D) None of the above. 
A) Susceptible 
B) Intricate 
C) Both A and B. 
D) None of the above.

Question 10

Risk in terms of supply chains may be related to the _____________.

Accepted Answer

A) Production/procurement processes 
B) Transportation/shipment of the goods 
C) Demand markets 
D) All of the above. 
A) Production/procurement processes 
B) Transportation/shipment of the goods 
C) Demand markets 
D) All of the above.

Risk can be stated as__________

__________ is a mitigation approach that focuses on low-cost, decentralized capacity for predictable demand.

What type of mitigation approach favors responsiveness over cost for short life cycle products?

A/An___________ approach favors centralizing redundancy for low- volume products in a few flexible suppliers.

______________ consist of any uncertainties arising from the supply chain and environmental connections.

Which of the following is considered an important adverse consequence?

What best describes the term inertia?

Supply chain risks are directly mirrored in a firm's____________, and valued in the financial market.

The trend towards minimizing costs: has resulted in the globalization of supply chains, making supply chains more_________.

Risk in terms of supply chains may be related to the _____________.

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Exam 12: Risk

Risk can be stated as__________

__________ is a mitigation approach that focuses on low-cost, decentralized capacity for predictable demand.

What type of mitigation approach favors responsiveness over cost for short life cycle products?

A/An___________ approach favors centralizing redundancy for low- volume products in a few flexible suppliers.

______________ consist of any uncertainties arising from the supply chain and environmental connections.

Which of the following is considered an important adverse consequence?

What best describes the term inertia?

Supply chain risks are directly mirrored in a firm's____________, and valued in the financial market.

The trend towards minimizing costs: has resulted in the globalization of supply chains, making supply chains more_________.

Risk in terms of supply chains may be related to the _____________.

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters