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    CIMA P3: Risk Management is an advanced-level exam that is designed to test the candidate's knowledge and skills in risk management. The exam is offered by the Chartered Institute of Management Accountants (CIMA) and is one of the core exams in the Professional Level of the CIMA qualification. The exam is intended for individuals who are seeking a career in risk management, internal auditing, or corporate governance.

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    The CIMA P3 Exam is an advanced-level certification exam that focuses on risk management. As a part of the CIMA Professional Qualification, the P3 exam is designed for finance professionals who want to gain a comprehensive understanding of the principles and practices of risk management. This exam covers topics such as risk identification, assessment, response, and monitoring. It also includes the application of quantitative and qualitative methods to measure and manage risks.

    The CIMA P3 exam is a comprehensive assessment of a candidate's ability to manage risk in a business environment. It requires a deep understanding of risk management principles and practices, as well as the ability to apply this knowledge in real-world scenarios. Candidates must not only demonstrate their knowledge of risk management theory, but also their ability to analyze complex situations and make informed decisions. The exam is a combination of multiple choice questions and case studies, which require candidates to apply their knowledge in practical situations.

    CIMA Risk Management Sample Questions (Q103-Q108):

    NEW QUESTION # 103
    Which TWO of the following are likely to be consequences of a weak control environment?

    • A. The Board will be free to focus on strategy.
    • B. Poor compliance with control procedures
    • C. Mid-level Managers will request improved controls
    • D. The Board will insist on improved controls.
    • E. The Board risks being poorly informed

    Answer: B,E


    NEW QUESTION # 104
    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. Not paying a dividend for several years in order to invest in new projects.
    • B. Investing in projects with the shortest payback period.
    • C. Investing in projects with the greatest level of risk.
    • D. Investing in projects with positive net present value.

    Answer: D


    NEW QUESTION # 105
    A capital investment project shows a NPV of £3,450 at a discounted rate of 8% and an NPV of £1,210 at a discounted rate of 9%.
    What is the internal rate of return?

    • A. 11.85%
    • B. 10.54%
    • C. 9.54%
    • D. 10.85%

    Answer: C


    NEW QUESTION # 106
    Select the correct ethical principle that corresponds to each ethical dilemma described.

    Answer:

    Explanation:


    NEW QUESTION # 107
    A consultancy firm has many overseas clients The firm's staff are responsible for booking travel and accommodation through an independent travel agent who invoices the firm. There are strict rules governing bookings Staff at all levels must book economy class airfares unless the scheduled flight time is greater than eight hours, in which case they can book a business class seat Hotel accommodation should cost less than $300 per night One of the firm's directors is visiting the consultancy team responsible for a large overseas project The director flew business class, even though the flight took only five hours The director is booked into an executive suite at an expensive hotel at a cost of $900 per night Which TWO of the following statements concerning the director's behavior are correct?

    • A. In future, all staff should be permitted to fly business class and use more luxunous hotels
    • B. Only the staff engaged on this project will be aware of the director's behavior
    • C. Directors are not required to adhere to company policies in the same manner as more junior staff
    • D. The travel agent's invoice should be queried by the consultancy's administrative staff.
    • E. Staff may be encouraged to book more expensive flights and accommodation in the future

    Answer: D


    NEW QUESTION # 108
    ......

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