CBA Operations & Risk Management

Question 1

Why is workflow optimization important in operations management?

Accepted Answer

To improve operational efficiency

Answer

Optimizing workflows increases efficiency, reduces bottlenecks, and improves overall productivity in business operations.

Question 2

What is the main purpose of risk assessment in business planning?

Accepted Answer

To identify and mitigate potential threats

Answer

Risk assessment identifies potential threats to a business, allowing for proactive planning and mitigation strategies.

Question 3

Which strategy helps ensure continuity during operational disruptions?

Accepted Answer

Business continuity planning

Answer

A business continuity plan outlines steps to maintain operations during emergencies or disruptions.

Question 4

What is a key benefit of supply chain risk management?

Accepted Answer

Reduces delays and maintains supply flow

Answer

Effective supply chain risk management minimizes delays, ensures product availability, and protects business reputation.

Question 5

Which tool is commonly used to monitor and control business operations?

Accepted Answer

Dashboards

Answer

Dashboards provide real-time data visualization, allowing managers to track key performance indicators and make informed decisions.

(CBA) Certified Business Advisor Practice Test