Risk in Supply Chains – End of Section Assessment

How many main types of risk are there within a Supply Chain?

Factors which can include a supplier’s financial or management stability, or the purchase and sale of supplier companies are known as what?

Which of the following External Risk Drivers is associated with external and uncontrollable events?

Identify if the statement below is True or False.

External risks are those which are within your control and provide better opportunities for mitigation as they are within your control.

Internal Risk Mitigations may be present within a Supply Chain and could include several elements. Select the INCORRECT element from the following list:

In 2010, worldwide economic losses due to natural disasters totalled how much?

Select the missing word from the following statement:

Process Risks are the _______ and managerial activities that a company undertakes. 

The probability of an event happening is a factor used in determining what?

An analysis tool used by organisations to monitor and investigate external risk factors is known as what?

Five of the most common risk management strategies and methods in use are Eliminate, Accept, Avoid, shift and what?