Pass the CIPS CIPS Level 5 Advanced Diploma in Procurement and Supply L5M2 Questions and answers with CertsForce

Explanation

1 3 and 4 are the correct answers. There are 7 key areas that ISO 26000 focuses on. As well as these three, there is also labour practices, the environment, fair operating practices and community involvement. See p. 51 of the study guide. ISOs are a popular exam topic so do revise these before the exam.

Explanation

A Cross Functional Team should create a risk register. It shouldn't be the responsibility of one person to do this- more points of view will lead to more risks being identified. Accountability for the Risk Register may however sit with the CEO or a Department Manager. This is explained on p. 132

ExplanationThe correct answers are as follows:

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Explanation

The correct answers are as follows:

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Explanation

Tolerate is one of the 4 Ts. This is a popular exam question so do learn the 4 Ts: Tolerate, Treat, Transfer and Terminate. See p.32.

Explanation

Cyber security and network failure are two types of security risks. See. P. 154. There aren't a lot of questions on chapter 3.4 as it's a very short chapter and a lot of the material is repeated in earlier chapters. A brief look over this chapter is all you'll need before the exam.

Explanation

This is used to engage stakeholders in the development of risk assessments. P. 137-138

Explanation

This could be for cultural reasons within the company. P. 135 states that sometimes causes of risk are not recorded as this could lead to a blame culture within the company.

Explanation

A black swan event is an unusual occurrence - something that is rare. See p.124