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Curious about Actual CIPS Level 5 Advanced Diploma in Procurement and Supply (L5M2) Exam Questions?
Here are sample CIPS Managing Supply Chain Risk (L5M2) Exam questions from real exam. You can get more CIPS Level 5 Advanced Diploma in Procurement and Supply (L5M2) Exam premium practice questions at TestInsights.
Question 1
What would happen if a company enacts its Contingency Agreement following a natural disaster?
Correct : B
They will receive operational help from a third party is the correct answer. Unlike insurance, a contingency plan provides operational help, not just financial. This could be in providing an emergency workspace, helping to get IT systems back up and running or providing emergency air freight. This is explained on p.91-92 of the study guide
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Question 2
There are three main areas where third party suppliers are used in risk management. What are they?
Correct : C, D, E
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.
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Question 3
Which of the following is an example of hedging?
Correct : B
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.
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Question 4
The CBCI and DBCI are professional qualifications in which area?
Correct : D
These are qualifications in business continuity. This comes from p.107 of the study guide. CBCI stands for Certificate of the Business Continuity Institute and DBCI Diploma of the Business Continuity Institute. Once you know what the acronyms stand for, the question is quite easy!
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Question 5
Which of the following will you put into box 8?
Correct : A
The correct answers are as follows:
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