Supply Chain 2

COVID is considered what kind of risk source?

"Black Swan" Nature related disruption Geo-political dispute "Black Swan" -LB1f slide 2 Network Disruption

When thinking about the integration of supply chain and finance for risk management, which of the statements below best illustrates the influence of a supply chain disruption on corporate financial performance?

All of These

The degree of risk an organization or individual is willing to accept in pursuit of its objectives is considered its "risk appetite." An organizations 'risk appetite" may be....

All of These quantitative qualitative risk tolerance, a financial term risk averse All of These Only 1,2

CFO's are saying they are being asked by the Board to be more proactive in forward looking responsibilities, mostly supply chain activities. Please choose the best selection below that best describes this changing role.

All of These Mitigating risks from economic downturns Sudden changes in trade policy Cybersecurity Third party risk 1,2,4 All of These-LB1g, slide 10

Where does risk occur within the supply chain?

All of These Supplier Third Party's. e.g. transport carriers Organizational Driven Risk Information Systems All of These 1,2, 4

LB1g, slide 4, Closed Loop View of Supply Chain and Finance illustrates a basic relationship that must be established organizationally. In sum, which of the selections below best describes this relationship.

All of These are true

Who's leading digital transformation ?

COVID

Translating a physical state into a digital signal is considered....

Digitization Digitalization Digitization Neither of These Artificial Intelligence

Product returns in e-commerce run at a 40% rate of shipments. Product Returns are not considered in calculating net sales and gross margin. True or False

False

A recent Economist survey not surprisedly showed that COVID had the most disruptive effect on supply chains over the past three years. What was number 2?

Global Cyberattacks Climate Related Natural Phenomena Change Tougher Environmental Regulation Global Cyberattacks- LB1f slide 7 Tariffs

Which of the statements below is not true? -Companies that are effective at risk management are supported by a corporate culture and a foundation that promotes a company wide risk approach -Hundreds of activities and approaches may be part of a company's SCRM risk management portfolio Supply Chain is the science of taking calculated risks -One does not need a working knowledge of risk concepts when talking about supply chain risk management -All of These are True

One does not need a working knowledge of risk concepts when talking about supply chain risk management

Exiting those activities that give rise to a risk, e.g. re-locate away from flood plains is considered

Risk Avoidance Risk Mitigation Risk Sharing Risk Acceptance Risk Avoidance -LB1f, slide 18 All of These None of These

AI, machine learning and predictive analytics are first and foremost supported by real time visibility True or False

True

Cost reduction is the most significant driver for investing in extended enterprise risk management (EERM) True or False

True

If you accept that the customer experience (CX) is defined by the "perfect order" (7 R's, LB1b) , then failure to provide that customer experience from any one or multiple 7 R's will result in a return or exchange and add to accounts receivable days. True or False

True

Supply Chain mapping is the crucial basis for risk analysis True or False

True

The Digital Owner Accountability Principle requires that the business process owners, not IS, are accountable for protecting the organizations information resources True or False

True

The cash conversion cycle (C2C) is a strong performance measurement of working capital. The C2C formula is accounts receivable days - accounts payable days. True or False

True

The following statement is true in all respects, a risk event is when a risk becomes a reality True or False

True

Transportation costs are a function of network distance True or False

True

The 'Strategic" CFO is delegating traditionally "backward' looking responsibilities to the next in command, e.g. Controller, to focus on the rapidly changing business landscape and risk management. True or False

True-LB1g, Slide 11

Risk exposure can be an outcome of risk analysis algorithms which combine the probability of occurring against the potential loss. That financial concept is known as....

V-a-R NPV ROI V-a-R-LB1f, slide 11 CIF

Examples of "backward" looking responsibility includes all except one of the selections below. Please choose that one outlier.

idk Financial Reporting Audit Budgets Fraud Regulatory Compliance

We just talked about 'risk appetite" in LB1e, what does Deloitte say about the "risk appetite" of most CFO's

risk appetite's are pessimistic risk appetites are optimistic risk appetite's are pessimistic