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P3 Valid Test Labs - Latest P3 Test Notes

  • Posted by xyk pop April 7, 2023 Filed in Technology #P3 Valid Test Labs  #Latest P3 Test Notes  #Latest P3 Exam Book  #P3 Exam Vce Format  #P3 Reasonable Exam Price  15 views
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    The CIMA P3 exam is recognized globally, making it an excellent choice for professionals who want to advance their careers in risk management. The exam is also recognized by employers, who value the skills and knowledge that CIMA P3 certified professionals bring to the workplace. Employers seek individuals who can identify and manage risks effectively, and this qualification provides candidates with the necessary skills and knowledge to do so.

    The CIMA P3 exam is a comprehensive certification that covers all aspects of risk management. The exam format consists of objective test questions that assess the candidate's knowledge and understanding of risk management concepts. The exam is computer-based and can be taken at any time of the year. The exam duration is three hours, and candidates must achieve a pass mark of 50% or higher to earn the certification. The CIMA P3 certification is a valuable asset for professionals seeking to enhance their careers in risk management.

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    Learning Concepts of CIMA P3: Risk Management Exam

    CIMA P3: Risk Management Exam Guide

    Short time Preparation Steps of the Exam

    The CIMA P3: Risk Management exam is a part of the advanced level business and finance syllabus. On top of that, it generates predictions regarding the data that is accessible to the administration. For that reason, it is worth focusing on the risk management of the business. On the exam, there are 6 questions related to this subject. There are 3 different exercises that are designed to reveal whether you have a basic or advanced knowledge of this subject. In this article, we will give you the specifications of each subject and a short time preparation guide. CIMA P3 Dumps will help you to take the certification exam and get your CIMA P3: Risk Management Certification.

    CIMA Risk Management Sample Questions (Q137-Q142):

    NEW QUESTION # 137
    You have just been employed as a management accountant in a small business with an annual turnover of $0.5 million.
    You have a wide range of duties because the business is small.
    Which of the following is an ethical risk?

    • A. Being asked to work weekends, taking clients to night clubs making sure they have as much alcoholic drink as they want so that they will sign contracts.
    • B. Being asked to work weekends, playing golf with clients.
    • C. Being asked to buy very small gifts for key clients.
    • D. Being asked to work weekends working out tenders for new contracts.

    Answer: A


    NEW QUESTION # 138
    J is a manager in charge of a section in GDD's Buying department. J has eight staff who report to her.
    Including M, who has worked for GDD for seven months.
    One afternoon, while J was absent on sick leave, M was asked to place an urgent order for plastic pellets that are vital for GDD's production process. The usual supplier could not supply the pellets on time to avoid a shortage and so M telephoned a new supplier and placed an order. When the supplier invoiced for the delivery, GDD's Accounts Payable Department rejected the invoice because the supplier did not have a valid account.
    On investigation, it was revealed that M did not have the authority to place an order with a new supplier. Only J can authorise new accounts. M claimed that he had been unaware of the need to seek approval because he had never found it necessary to place an order with a new supplier before Which TWO of the following statements ate correct?

    • A. should have made certain that M knew and understood the limits of his responsibility
    • B. M should be disciplined for exceeding his authority
    • C. GDD's directors are ultimately responsible for M's error
    • D. The investigation of this matter was a waste of time because the pellets were urgently required
    • E. GDD's Internal Audit Department should have cancelled the order.

    Answer: B,D


    NEW QUESTION # 139
    G plc has decided to move its production plant to overseas Country A.
    This would make the product cheaper to produce. The technology used to make the product is very advanced and some of the staff would have to move to Country A.
    The Production Director has identified that there are some political risks in moving to Country A.
    Match the methods of reducing the political risks associated with the move to Country A with the corresponding risks.

    Answer:

    Explanation:


    NEW QUESTION # 140
    Why do businesses take risks?
    Select the TWO correct answers.

    • A. Risk taking can assist businesses to gain an advantage on their competitors.
    • B. Risk taking provides businesses with opportunities to make better returns.
    • C. Risk taking allows for multiple random outcomes, some of which may be worth chasing.
    • D. Risk taking can give the impression that senior management roles are very dynamic.
    • E. Risk taking allows businesses to save time by not having to find out all the facts before they embark on new projects.

    Answer: A,B


    NEW QUESTION # 141
    The managers of a company are agents for the shareholders tasked with increasing shareholders' wealth.
    Which of the following will usually increase shareholders' wealth?

    • A. Investing in projects with the shortest payback period.
    • B. Investing in projects with the greatest level of risk.
    • C. Investing in projects with positive net present value.
    • D. Not paying a dividend for several years in order to invest in new projects.

    Answer: C


    NEW QUESTION # 142
    ......

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