Risk Management & Regulatory Compliance Flashcards
6 cards from real CLA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Risk Management & Regulatory Compliance flashcards as text
A supply chain vulnerability map helps logistics analysts by:
Answer: Visually identifying single points of failure and high-risk nodes across the supply network
A vulnerability map visualizes supply chain nodes and links with their risk ratings, helping planners prioritize mitigation efforts at the most exposed points.
The Foreign Corrupt Practices Act (FCPA) is relevant to logistics companies because it prohibits:
Answer: Bribing foreign government officials to obtain or retain business, including customs or port facilitation payments
The FCPA holds US companies and their agents liable for corrupt payments to foreign officials, including facilitation payments to customs inspectors or port authorities.
ISO 28000 is an international standard specifically designed to help organizations:
Answer: Implement a security management system for the supply chain
ISO 28000 specifies requirements for a supply chain security management system, helping organizations identify threats and implement controls to protect goods in transit.
A supply chain audit of a supplier's facility is primarily conducted to:
Answer: Verify that the supplier meets required standards for quality, labor, safety, and compliance
Supply chain audits assess whether suppliers conform to the buyer's code of conduct and regulatory requirements, identifying gaps that require corrective action.
Product liability in the supply chain means that manufacturers and distributors may be held responsible for:
Answer: Harm caused to consumers by defective or unsafe products they made or sold
Product liability law holds supply chain participants accountable for injuries or damage caused by products that are defective in design, manufacturing, or labeling.
Supply chain resilience is best measured by an organization's ability to:
Answer: Anticipate, absorb, and recover from disruptions while maintaining acceptable service levels
Resilience is the capacity to sense disruptions early, withstand their impact, and restore normal operations quickly—balancing efficiency with robustness.