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Prepare for the CIPS Managing Supply Chain Risk exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIPS L5M2 exam and achieve success.
The questions for L5M2 were last updated on Dec 19, 2024.
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Dave is a procurement manager for a chocolate factory who is running a tender to source cocoa from a new supplier. The tender is a huge opportunity for suppliers and the contract would be worth millions of pounds. Dave has passed some information about the tender to one of the bidders in exchange for a free holiday to Barbados. Which of the following types of fraud has Dave committed?
This is an example of bribery. The trip to Barbados is the bribe. For more information on these types of fraud see p.19
Which of the following will you put into box 5?
The correct answers are as follows:
A force majeure clause within a contract would allow XWY to end any contracts it is unable to fulfil without repercussions if an earthquake were to strike.
Which of the following FIDIC Contracts would be suitable for a contract for offshore wind projects?
Which of the following will you put into box 5?
The correct answers are as follows:
Cashflow issues can lead to serious financial problems and the company going bust. Therefore this risk must be treated.
The triple bottom line is a way to refer to sustainability practices. Which of the following is included within the Triple Bottom Line? 1. People, 2. Profit, 3. Price, 4. Planet 5. Power.
Triple Bottom Line - people, profit and planet - options 1, 2 and 4. See p.45 for more details on sustainability
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