There are three main areas where third party suppliers are used in risk management. What are they?
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 black swan event is what type of occurrence?
Which of the following will you put into box 1?
Which of the following is an internal risk for a company?
Which of the following risks is associated with sourcing from low-cost countries? Select TWO:
Robot Ltd manufactures high end robots. A lot of value is tied up in the stock that it holds within its warehouse as each robot is worth several thousand pounds. The company has decided to enlist the services of a third party provider for disaster recovery, to help them shape a plan for if something were to happen to the stock, such as a flood. Is this the correct thing for Robot Ltd to do?
Which of the following risks would likely be tolerated by a company?
Which of the following will you put into box 3?
Juan is a Spanish business owner who imports several parts from Japan. Juan's business operates in Euros and the parts that he buys from Japan can often take a long time to arrive, this means that the price of the items sometimes fluctuates due to the exchange rate. Which of the following would be the best option for Juan?
TESTED 16 Oct 2025
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