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NEW QUESTION 53

Which of the following will you put into box 4?

A. hazard
B. strategic

(Correct)
C. operational
D. financial

Answer: D

Explanation:

Explanation

Anything to do with currency is a financial risk.

NEW QUESTION 54

Rabbit Manufacturing operates several factories which create stuffed animals. As these stuffed animals are mainly bought for children, it is extremely important that the quality of the product is assured, and there are no dangerous or small parts which could become choking hazards. Which of the following are appraisal costs that the company should undertake in order to mitigate the risk of poor quality products entering the market?

A. quality control inspections
B. staff training to ensure higher quality products are made
C. introduce a 0 defect approach
D. using a pro-active quality management system

Answer: A

Explanation:

Explanation

Of these four answers only one is an appraisal cost and that is answer 1. The other three options are prevention costs. There is a table of appraisal costs and prevention costs on p. 26 Appraisal costs are reactive- they're done after the product is manufactured. Preventative costs are actions taken in quality assurance.

NEW QUESTION 55

Which of the following form part of the Stakeholder Salience Model? Select TWO