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Exam CIMA P3 Bible | Latest P3 Training

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The CIMA P3 exam covers various topics such as risk identification and assessment, risk response, risk monitoring and review, and risk governance. Additionally, candidates will learn about the different types of risks that organizations face, such as strategic, financial, operational, and reputational risks. The CIMA P3 Exam is a comprehensive assessment that requires candidates to demonstrate their knowledge of risk management principles and practices. Passing the exam is a testament to the candidate's proficiency in managing risks and their ability to apply these skills to real-world scenarios.

CIMA Risk Management Sample Questions (Q51-Q56):

NEW QUESTION # 51
Q is a company which generates electricity from alternative energy sources. It has just begun constructing a wind farm near a well-known beauty spot. The project has been controversial as campaigners say it will be noisy and unsightly.
The campaigners took legal action but lost the case. Some of them have started a campaign of direct action against Q and are physically blocking roads leading to the site and attempting to intimidate Q's staff.
Q has hired a security company to help it to protect its staff.
In relation to the ethics of this scenario, which of the following statements are valid?

A. The generation of electricity from clean, renewable and sustainable sources is too important for the protestors' concerns to be considered.
B. Q no longer has any duty of care to the protestors since their actions are illegal because they lost their court case.
C. The security firm must take care not to use more force against the protestors than is absolutely necessary.
D. Q is within its rights to hire the security firm because it has duty of care to its employees.
E. Since the protestors have already lost their court case they would no longer be ethically justified in engaging in political lobbying to try to get the government to change the law in this area.

Answer: C,D

NEW QUESTION # 52
Z plc has recently undertaken a SWOT analysis. The SWOT analysis identified two main threats to Z plc:
* The threat that the currency of Z plc's main overseas competitor weakens compared to Z plc's home currency.
* The threat that there will be a military coup which will overthrow the government in the country that Z plc purchases most of its raw materials from.
Which TWO of the following categories of risk correspond most closely to the above threats?

A. Business risk
B. Economic risk
C. Political risk
D. Financial risk

Answer: B,C

NEW QUESTION # 53
A Firewall is an element of a company's Information Technology infrastructure.
Which THREE of the following are characteristics of a Firewall?

A. A Firewall protects sensitive data against accidental or malicious damage.
B. A Firewall protects against unauthorised network access.
C. A Firewall protects against viruses.
D. A Firewall can screen every message coming into or out of the company network looking for key words, or attachments.
E. A Firewall determines the boundary of the "Trusted" components of the company's Information Technology infrastructure.
F. A Firewall protects the computer suite against physical attack.

Answer: B,D,E

NEW QUESTION # 54
AZX sells electrical components.
AZX's annual turnover is S24 million. Half of all sales are on 30 days' (1 month) credit
5% of credit sales have to be written off as unrecovered debt
25% of such write off is subsequently recovered through debt collection and legal action.
What is the expected loss each year due to credit risk?

A. $600,000
B. S450,000
C. $900,000
D. 51,200,000

Answer: B

NEW QUESTION # 55
The internal audit department should always give a report at the end of its audit. This report is intended to be useful and help the company going forward. The report should always include any recommendations for improvements. Which of the following statements are true and which are false?

Answer:

Explanation:

NEW QUESTION # 56
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