What Is Supply Chain Risk Management?

1. What does PPRR stand for?
a. Prevention, Preparedness, Response, Recovery;
b. Prepare, Position, Relate, Remove
c. Proclaim, Power, Resume, Relieve
d. Procurement, Possibility, Rotation, Result

2. What is the effect that COVID-19 had on supply chains?
a. Faster shipping
b. Delayed shipping
c. Excess inventory

3. Which of the following is an incorrect example of an internal and external risk?
a. Internal: Disruptions of internal operations; External: Outdated equipment
b. Internal: Interruptions to the flow of products; External: Natural disasters
c. Internal: Poor management; External: Unpredictable consumer demand
d. Internal: Governmental factors; External: Outdated equipment