P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Exam Dumps
December 21,2021
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Topics
Enterprise risk
Analyse sources and types of risk.
Evaluate risk.
Discuss ways of managing risks.
Strategic risk
Analyse risks associated with formulating strategy
Evaluate the sources and impact of reputational risks.
Explain governance risks.
Internal controls
Analyse internal control systems.
Recommend internal controls for risk management.
Discuss various issues relating to internal audit in organisations
Cyber risk
Analyse cyber threats.
Review cyber security processes.
Discuss cyber security tools and techniques.
Evaluate cyber risk reporting.
Share P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Sample Questions
Risk management involves all parties in an organization.
Which of the following describe the Board's responsibilities for risk management?
A. The Board is responsible for choosing the least risk products to promote.
B. The Board is responsible for maintaining a robust system of internal controls.
C. The Board is responsible for addressing any weaknesses in internal controls.
D. The Board is responsible for considering whether weaknesses in internal controls need to be addressed.
E. The Board is responsible for safeguarding the company's assets.
Answer: B,D,E
MNB is a multinational IT company with headquarters in Asia and with operations in all continents.
MNB is attempting to expand its operations in Europe. This is seen as a major challenge as the European market is very well developed and highly competitive.
MNB develops and manufactures its own products. Parts and assemblies are sourced across Asia, America and Europe. These are sometimes purchased locally as a condition of a contract, but MNB aims to include as much of its own equipment as possible. Transfer prices between MNB's subsidiaries can be set in YEN, USD, EURO, GBP. Transfer prices are revised every month in line with production times as most goods are made on short order with sales cycles running at 3-4 months.
What types of risk are being presented here?
A. Political risk
B. Currency risk
C. Economic risk
D. Environmental risk
E. Fraud risk
F. Legal risk
Answer: A,B,C
A project has a net present value of $2 million.
Total cash outflows of this project have a present value of $14 million, which includes staff costs of $10 million.
What is the project's sensitivity to staff costs?
A. 20%
B. 63%
C. 71%
D. 14%
Answer: A
James owns a small company which sometimes suffers from credit risk.
Which of the following measures should he put in place to help reduce this risk?
A. Introduce credit checks for new customers.
B. Reduce the company bank loans.
C. Pay suppliers' invoices quicker.
D. Look for a loan with a lower interest rate.
Answer: A
Which risks should be given the highest priority?
A. Risks which have a high impact and have a low likelihood of arising.
B. Risks which have a low impact but which arise frequently.
C. Risks which have a low impact and a low likelihood of arising.
D. Risks which have a high impact and which may arise occasionally.
Answer: D
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