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Free L5M2 Exam Braindumps (page: 5)

Page 4 of 31
PDF with 120 Questions

Which of the following is a method for approaching risks?

  1. tolerate
  2. translate
  3. transport
  4. take out

Answer(s): A

Explanation:

Tolerate is one of the 4 Ts. This is a popular exam question so do learn the 4 Ts: Tolerate, Treat, Transfer and Terminate. See p.32.



What is the purpose of the Sarbanes-Oxley Regulation?

  1. to protect the environment
  2. to ensure high levels of ethical practice with regards to working conditions
  3. to encourage transparency in financial reporting
  4. to ensure that products that reach the market are fit for purpose

Answer(s): C

Explanation:

Sarbanes Oxley Regulations encourages transparency in financial reporting. The regulations came in response to the Enron scandal in 2001 when Enron bosses were falsifying financial records to make the company look better than it was, then the company went bust. The point of Sarbanes Oxley is to ensure that this doesn't happen again- that business leaders report correct financial statements to shareholders. The study guide talks about this on p.42 but I'd recommend also watching this video as it gives a good background to the regulation:
https://www.investopedia.com/terms/s/sarbanesoxleyact.asp



Company X is a large manufacturer of cosmetics and household products. It operates in 57 different countries and has large and complex supply chains. The brand's popularity is partly due to the cheap price of the products compared with its competitors and Company X has recently discovered that child labour has been used within its supply chain. In response to this Company X has donated a large amount of money to charity.
What is this an example of?

  1. corporate social responsibility
  2. greenwashing
  3. triple bottom line thinking
  4. business continuity planning

Answer(s): B

Explanation:

This is Greenwashing. Greenwashing is the process of using a good deed to cover up unethical responsibility. See p. 45. In this example Company X has thrown some money at a charity in order to cover up the fact it has child labour issues within the supply chain. See https://en.wikipedia.org/wiki/Greenwashing



ISO 20400 represents what area of business?

  1. Quality Management
  2. Supply Chain Security
  3. Risk Management
  4. Sustainable Procurement

Answer(s): D

Explanation:

ISO 20400 is Sustainable Procurement. This is from p. 51 of the study guide- as well as learning what the ISO numbers are, do also learn the key areas of each ISO as these come up in the exam.






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