GLP Risk Management & Business Continuity

Question 1

What is the primary purpose of a Business Continuity Plan (BCP) in logistics operations?

Accepted Answer

To ensure critical business functions continue during and after a disruption

Answer

A BCP ensures essential logistics operations can continue or quickly resume following a disruption such as a natural disaster, cyberattack, or pandemic.

Question 2

In risk assessment, what does a 'probability x impact' matrix help logistics managers do?

Accepted Answer

Prioritize risks based on their likelihood and potential consequences

Answer

Multiplying probability by impact allows logistics managers to rank risks and focus mitigation resources on the most critical threats.

Question 3

A logistics company's Transportation Management System suffers a major cyberattack. What is the FIRST step in the incident response process?

Accepted Answer

Contain the breach to prevent it from spreading to additional systems

Answer

Containment is the first priority in incident response to stop the attack from spreading and causing additional damage before remediation begins.

Question 4

Which of the following best describes 'supply chain resilience'?

Accepted Answer

The capacity to anticipate, prepare for, and adapt to disruptions while maintaining continuity

Answer

Supply chain resilience encompasses a company's ability to detect, withstand, and recover from disruptions while maintaining acceptable performance levels.

Question 5

What type of risk arises when a company relies heavily on a single supplier for a critical component?

Accepted Answer

Supplier dependency (concentration) risk

Answer

Supplier concentration risk occurs when over-reliance on one supplier creates vulnerability if that supplier experiences disruptions, financial difficulties, or capacity constraints.

GLP - Global Logistics Professional Practice Test

GLP - Global Logistics Professional Practice Test

GLP Risk Management & Business Continuity