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Free L5M2 Exam Braindumps

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

  1. internal risk
  2. external risk
  3. procurement risk
  4. economic risk

Answer(s): A

Explanation:

This is an internal risk. A procurement risk would be issues with a supplier or contract, and economic risk would be exchange rate fluctuations etc. See p.118 for more information on internal risks- it's a known exam topic



Which of the following stages would come first within a risk assessment?

  1. evaluate risk
  2. treat risk
  3. monitor risk
  4. analyse risk

Answer(s): D

Explanation:

analyse is the correct answer. The full process is: establish context- identify- analyse - evaluate - treat
- monitor and review. This is from p.122



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

  1. it is the most common type of distribution pattern
  2. there's a small number of data points required to produce
  3. it is represented pictorially as a curve
  4. most of the data points correlate around the beginning
  5. it is shaped like a bell curve

Answer(s): A,E

Explanation:

1 and 5 are correct- it is the most common type of distribution and it looks like a bell curve when it's drawn as a graph. There's one on p.127 to look at. The other three statements are incorrect- it's a bell shape rather than a curve, it requires a large number of data points and most of the data points correlate around the middle.



Oliver is a procurement manager and he is trying to work out the likelihood that a supplier fails to deliver to the warehouse two days in a row.
Which of the following methodologies should Oliver use?

  1. value at risk
  2. normal distribution
  3. binomial distribution
  4. Poisson Distribution

Answer(s): D

Explanation:

Poisson Distribution would be used for this. Poisson Distribution predicts the likelihood of an event occurring. This is explained on p. 129 of the study guide but this YouTube video explains it a lot better: https://www.youtube.com/watch?v=zA7fp2s7FlM






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