EMT Practice Test

1. Question Content...

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Question1: A black swan event is what type of occurrence?

Question2: The USA Foreign Corrupt Practices Act (FCPA) is further reaching than the UK's Bribery Act 2010. Is this statement true?

Question3: Portobello is an Italian manufacturing company that produces canned tomato sauces. It imports a lot of its tomatoes from Latin America as there isn't the capacity to grow that many tomatoes in Italy. One of the major risks posing Portobello is that the tomatoes must be transported via cargo ship, and there is a risk that the ship may sink, or be delayed by bad weather. Portobello has taken out insurance to cover the cost of the tomatoes should this happen. What technique has Portobello used?

Question4: Which of the following is an example of hedging?

Question5: When would a company use the Stakeholder Salience Model?

Question6: Which of the following will you put into box 6?

Question7: Maple Tree Limited is a Canadian company who has recently signed a new contract with a supplier who is based in China. Maple Tree Limited will be buying a raw material with a reputation for severe price fluctuations. Which of the following would help mitigate the risk that this poses? Select TWO options

Question8: Risk should be a 'golden thread' that links all of the organisation's strategies, communications, policies and training. The LILAC model describes how a risk-aware culture can be created. Which of the following form part of the LILAC model?

Question9: The legal principle of insurable interest means which of the following statements are TRUE? Select TWO.

Question10: An interconnected supply chain would have what affect on the creation of a risk register?

Question11: Company X is a large company which is traded on the UK stock exchange. According to the Companies (Miscellaneous Reporting) Regulations 2018- is it obligatory for Company X to follow a Corporate Governance Code?

Question12: Petra Ltd is a manufacturer of upmarket baked goods and they have a range which is gluten free and therefore suitable for customers who have an intolerance of wheat. For this reason Petra Ltd is very strict about the ingredients that it sources. It's main supplier has provided written agreement that they will test all ingredients in their processing factory to ensure that they are suitable for the gluten free diet before delivery is made, and once delivery is made the materials will be deemed accepted by the buyer. Is Petra right to accept this arrangement?

Question13: Which of the following will you put into box 5?

Question14: Which of the following statements about binomial distribution are true? Select THREE

Question15: In an emergency situation, put the following phases into chronological order as to when they would be activated 1) disaster recover plan 2) incident response 3) business continuity plan

Question16: A company with a large risk appetite would do which of the following?

Question17: What is ISO28000?

Question18: Chloe is a procurement manager at Ruby Company. She has been asked to join a cross-functional team to review the company's risk appetite, potential risks within the supply chain and brainstorm mitigating actions.
Chloe has suggested that the cross-functional team should first draw up a list of potential supply chain risks and potential strategies to overcome the risks. Is Chloe correct?

Question19: Which of the following is a quantative method for completing a risk assessment and an alternative to using an impact scale?

Question20: ISO 20400 represents what area of business?

Question21:

Question22: Which of the following is not a benefit of having a contingency plan?

Question23: Which of the following statements is true about a Disaster Recovery Plan? Select TWO

Question24: Which of the following will you put into box 8?

Question25: ISO 31000 is built on 11 guiding principles. Identify THREE of these.

Question26: Dave is a procurement manager for a chocolate factory who is running a tender to source cocoa from a new supplier. The tender is a huge opportunity for suppliers and the contract would be worth millions of pounds.
Dave has passed some information about the tender to one of the bidders in exchange for a free holiday to Barbados. Which of the following types of fraud has Dave committed?

Question27: Which of the following is an example of hedging?

Question28: Which of the following statements about normal distribution are correct? Select TWO

Question29: Which of the following will you put into box 5?

Question30: Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified. Why might this be?

Question31: Which of the following will you put into box 1?

Question32: Logistics Risks are caused by...

Question33: Which of the following will you put into box 2?

Question34: What would happen if a company enacts its Contingency Agreement following a natural disaster?

Question35: Which of the following is a method for approaching risks?

Question36: Which of the following will you put into box 6?

Question37: John is a mid-level manager and has created a risk / reward matrix about four potential opportunities at his company White Ducky Limited. He will present his research to a board meeting next week. He has categorised the four opportunities as the following. Which of these opportunities should John recommend the board
'consider'? Select TWO.

Question38: Fraud committed by an employee within a business is what type of risk?