Trans. Ch.9

Which of the following is not one of the four steps in the risk management process? a. Identify the risk b. Analyze the risk c. Manage the risk d. Cost the risk mitigation

Cost the risk mitigation

Which initiative encourages businesses to ensure the integrity of their security practices and verify the security guidelines of their business partners within the supply chain? a.Container Security Initiative b.Customs-Trade Partnership Against Terrorism c.Maritime Transportation Security Act of 2002 d.Free and Secure Trade

Customs-Trade Partnership Against Terrorism

Which of the following is not a common point of exposure for a potential security breach? a. Lax security processes b. Unprotected transfer facilities c. Data encryption d. Shipment control breakdown

Data encryption

A truck breakdown can be characterized as what type of risk? a. Equipment accident b. Improper equipment loading c. Delivery delay d. Supply chain disruption

Delivery delay

Not putting all your "eggs in one basket" is what type of strategy? a. Postponement b. Buffering c. Hedging d. Transfer

Hedging

The Free and Secure Trade (FAST) Program is between the U.S., Canada, and: a. Mexico b. Cuba c. Germany d. England

Mexico

Which of the following is a type of product loss? a. Pilferage b. Damage c. Climate control failure d. Labor disruption

Pilferage

What two parameters are involved in risk assessment? a. Cost and impact b. Probability and impact c. Frequency and probability d. Duration and probability

Probability and impact

The Maritime Transportation Security Act of 2002 is intended to: a. Protect U.S. ports and waterways from terrorist attack b. Reduce the threat that a maritime container will be used to deliver a weapon c. Streamline cargo manifests d. Establish ocean based power generation

Protect U.S. ports and waterways from terrorist attack

The process which provides a baseline evaluation of risk in a rapid and cost-effective manner is known as: a. Quantitative risk analysis b. Event management software c. Qualitative risk analysis d. Risk avoidance

Qualitative risk analysis

What is the final step in risk management? a. Reviewing and monitoring b. Reduction c. Identification d. Analysis

Reviewing and monitoring

What is the simplest way to eliminate risk? a. Risk reduction b. Risk mitigation c. Risk avoidance d. Risk identification

Risk avoidance

The comprehensive port security law designed to keep nuclear, chemical, and biological weapons out of freight containers traveling to U.S. ports is called: a. Container Security Initiative b. Aviation and Transportation Security Act c. Maritime Transportation Security Act of 2002 d. Security and Accountability for Every Port Act (SAFE)

Security and Accountability for Every Port Act (SAFE)

Which of the following is not a transportation risk reduction strategy? a. Use of generic packaging b. Use of event management software c. Monitor carrier finances d. Use of least cost service provider

Use of least cost service provider

A deliberate product contamination risk is called? a. Tampering b. Climate control failure c. Exposure to contaminants d. Hedging

tampering

A risk mitigation strategy should produce an action plan that identifies that includes all of the following except: a. Roles and responsibilities for developing the strategy b. Resources required to carry out the planned actions c. Conditions present in order for risk level to be acceptable d. A way to get rid of the risk completely

A way to get rid of the risk completely

Which risk reduction strategy provides additional resources to reduce risks related to capacity shortages or performance problems? a. Postponement b. Buffering c. Hedging d. Transfer

Buffering

In 2013, there were ____ reported pirate attacks on ocean going vessels worldwide? a. 2,064 b. 640 c. 264 d. 64

C

What is the term for an external supplier that perform all or part of an organizations logistics services? a. Freight forwarder b. Consultant c. Third party logistics service provider (3PL) d. Just in time provider

3PL

Supply chain disruptions can result in: a. Increased stock price b. Lower operating performance c. Decreased stock price d. Higher return on assets

Lower operating performance