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Module 3 / Section B / Chapter 2

Quiz by Charles Early

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5 questions
Show answers
  • Q1
    What can cause poor payables processing in an organization?
    Material shortages
    Equipment or personnel failure
    Failure to account for country risk
    In-house cash flow shortages
    60s
  • Q2
    If a fleet of delivery trucks is experiencing relatively poor maintenance, this is a red flag for what type of supply risk?
    Subcontractor availability
    Labor disruption
    Poor payables processing
    Transportation lead time
    60s
  • Q3
    The best case for a risk scenario is that a supply disruption will not occur and the subsidiary will spend US$100,000 in prevention costs for the period. The worst case is that a supply disruption will occur and will cost US$2 million in lost revenues and remediation costs. The worst case has a 20% probability. If these are the only two options being considered, what is the net expected monetary value (EMV) for this scenario?
    –US$320,000
    –US$80,000
    –US$480,000
    –US$400,000
    60s
  • Q4
    What can be said of a week when $90,000 worth of garage doors were custom-built and shipped but there were $100,000 worth of customer garage door orders?
    There was a 10% stockout frequency.
    The customer service ratio was 90%.
    There was a 90% orders-shipped-complete rate.
    There is a 10-day lead time for this product.
    60s
  • Q5
    A proven method of estimating the amount of a risk budget to devote to a particular risk response is:
    multiplying the expected cost of the risk by its likelihood.
    subtracting the cost of the possible risk from the cost of business and dividing that by the likelihood of its occurrence.
    adding accumulated risk associated with all strategic suppliers.
    subtracting the cost of the possible risk from the cost of business.
    60s

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