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NEW QUESTION 30
Which of the following is an International Standard for Risk Management?
- A. ISO 22301
- B. ISO31000
- C. ISO 27000
- D. ISO28000
Risk Management = ISO31000. Learn the ISOs for the exam as it's a popular exam topic. 31000 is explained on p. 140. As well as the numbers, you should also learn the guiding principles of each ISO for the exam.
NEW QUESTION 31
Robot Ltd manufactures high end robots. A lot of value is tied up in the stock that it holds within its warehouse as each robot is worth several thousand pounds. The company has decided to enlist the services of a third party provider for disaster recovery, to help them shape a plan for if something were to happen to the stock, such as a flood. Is this the correct thing for Robot Ltd to do?
- A. no - a 3rd party can only help in the solution stage of disaster recovery, not the planning stage
- B. yes- a third party is a cheap option for disaster recovery planning
- C. yes- a 3rd party can provide broader experience and expertise
- D. no- Robot Ltd should create a cross-functional team to draw up the plan as internal stakeholders will understand the risks better than a 3rd party
The correct answer is 1 - the 3rd party can provide broader experience and expertise. They can advise on best practice and will know how to advise Robot Ltd as they will have experience across a wide range of companies. This is explained on p.91 of the study guide
NEW QUESTION 32
Which of the following form part of the Stakeholder Salience Model? Select TWO
- A. level
- B. attitude
- C. power
- D. legitimacy
- E. interest
Power and Legitimacy are part of the Stakeholder Salience Model - the third characteristic is Urgency. See p.
NEW QUESTION 33