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Free CIPS L5M2 Practice Exam with Questions & Answers

Questions 1

Which of the following will you put into box 1?

Options:
A.

tolerate

B.

transfer

C.

treat

D.

terminate

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Questions 2

Which of the following will you put into box 2?

Options:
A.

tolerate

B.

transfer

C.

treat

D.

terminate

Questions 3

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?

Options:
A.

yes- a 3rd party can provide broader experience and expertise

B.

yes- a third party is a cheap option for disaster recovery planning

C.

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

D.

no - a 3rd party can only help in the solution stage of disaster recovery, not the planning stage

Questions 4

The USA Foreign Corrupt Practices Act (FCPA) is further reaching than the UK's Bribery Act 2010. Is this statement true?

Options:
A.

yes- the FCPA covers 'private bribes' and the Bribery Act does not

B.

yes- the FCPA exempts facilitation payments

C.

No- the Bribery Act extends to third parties and the FCPA does not

D.

No- the Bribery Act doesn't account for facilitation payments

Questions 5

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

Options:
A.

internal risk

B.

external risk

C.

procurement risk

D.

economic risk

Questions 6

Portobello is an Italian manufacturing company that produces canned tomato sauces. It imports a lot of its tomatoes from Latin America as there isn't the capacity to grow that many tomatoes in Italy. One of the major risks posing Portobello is that the tomatoes must be transported via cargo ship, and there is a risk that the ship may sink, or be delayed by bad weather. Portobello has taken out insurance to cover the cost of the tomatoes should this happen. What technique has Portobello used?

Options:
A.

tolerate

B.

treat

C.

transfer

D.

terminate

Questions 7

Which of the following will you put into box 7?

Options:
A.

new technology

B.

forward contract

C.

outsource

D.

insurance

Questions 8

In an emergency situation, put the following phases into chronological order as to when they would be activated 1) disaster recover plan 2) incident response 3) business continuity plan

Options:
A.

1, 2, 3

B.

1, 3, 2

C.

2, 1, 3

D.

3, 1, 2

Questions 9

SA 8000 is an alternative to which ISO?

Options:
A.

9001

B.

27000

C.

310000

D.

20400

Questions 10

Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.

Options:
A.

organisational governance

B.

quality management

C.

human rights

D.

consumer issues

E.

efficient systems

Exam Code: L5M2
Certification Provider: CIPS
Exam Name: Managing Supply Chain Risk
Last Update: Jul 12, 2025
Questions: 120

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