Question 1

2022-04-10-14-20-28-69164ae77bf2ce3c6ead002f79336ace

Which of the following will you put into box 5?

Options :

A : survival

B : response to external environment

C : change to competitive strategy

D : new system introduced

Answer: A

Question 2

The influence of the supply chain network can enable an organisation to benefit from increased absorptive capacity. What is meant by 'absorptive capacity'?

Options :

A : agility within the organisation to respond quickly to change

B : the capability to deal with fluctuations in prices

C : the capacity to work with a larger volume of supply network partners

D : the ability to apply new information and add value to the organisation

Answer: D

Question 3

Andrew is creating a SWOT analysis for his department and so far has noted the following areas; lack of direction, resource constraints and competitor advantage. Which area of the SWOT analysis has Andrew completed?

Options :

A : strengths

B : weaknesses

C : opportunities

D : threats

Answer: B

Question 4

Ian is a Project Manager for a large construction project involving the building of a new hospital. A complex supply network is involved which includes the use of several subcontractors. Which of the following would be the best method for dealing with subcontractors for this project?

Options :

A : involve subcontractors early on in the planning stage

B : focus on price and have a transactional relationship with subcontractors

C : ensure all communication with subcontractors is via the tier one suppliers rather than Ian

D : closely manage subcontractors by using KPIs and holding regular team meetings with them

Answer: A

Question 5

Bob is the CEO of a fast-growing electronics company. Bob has a high risk appetite and this is reflected within the company culture. Which of the following would be the best approach to manage risk at this company?

Options :

A : tolerate all risks

B : hire a project manager with low appetite for risk to balance out the risk appetite

C : set risk thresholds

D : base the company-s Competitive Strategy of the Risk Appetite

Answer: C

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