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Prepare for the CIPS Managing Supply Chain Risk exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIPS L5M2 exam and achieve success.
The questions for L5M2 were last updated on Mar 2, 2026.
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Which of the following is not an internal risk for a business who imports raw materials from abroad?
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)
Which of the following is an internal risk for a company?
Lack of personnel is an internal risk- the others are external risks. Internal and external risks is a known topic for the exam so see p.116-117 for more information
Which of the following will you put into box 1?
The correct answers are as follows:
Which of the following will you put into box 8?
A forward contract would fix the exchange rate at a certain level, allowing for cost certainty. This mitigates the risk of the currency getting any weaker.
What is the final stage of Deming's Plan - Do - Check cycle which is encouraged by ISO9001?
Act is the final stage. See p.25 for a diagram of the cycle.
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