L5M2 Exam Dumps - Managing Supply Chain Risk

Explanation

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

Explanation

changes to import levies is an external risk. Not internal. See p.118-119 for more information on internal risks - this is a popular exam topic. Internal risks are stuff that happens inside a company, external risks are risks from the external environment (whether this is political, economical, weather etc)

Explanation

The correct answers are as follows:

Table Description automatically generated

Explanation

Indemnity clauses should contain duties of both parties, a monetary limit and a time limit (1 2 and 5). It should also detail what types of costs are covered. These four points are explained on p.61. An indemnity clause doesn't necessarily signal a breach in contract, and levels of insurance are not relevant here.

Explanation

Contingency plans won't increase your profit, but they will do the other three things. This is from p.109-110 of the study guide