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Quiz 2023 CIMA P3: Professional Risk Management Associate Level Exam

Choosing to participate in CIMA certification P3 exam is a wise choice, because if you have a CIMA P3 authentication certificate, your salary and job position will be improved quickly and then your living standard will provide at the same time. But passing CIMA certification P3 exam is not very easy, it need to spend a lot of time and energy to master relevant IT professional knowledge. LatestCram is a professional IT training website to make the training scheme for CIMA Certification P3 Exam. At first you can free download part of exercises questions and answers about CIMA certification P3 exam on www.LatestCram.com as a try, so that you can check the reliability of our product. Generally, if you have tried LatestCram's products, you'll very confident of our products.

How to book CIMA P3: Risk Management Exam

• Step 1: Visit the Official website
• Step 2: Select the CIMA P3: Risk Management Exam
• Step 3: Pay the exam amount through debit card

Learning Concepts of CIMA P3: Risk Management Exam

The CIMA P3 Risk Management Exam is a test that will allow you to analyze all risks involved in the company. The professionals who are responsible for this management don't only focus on financial risks, but they also pay attention to operational risk, information technology risks, and legal risks. 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. CIMA P3 Dumps will help you to take the certification exam and get your CIMA P3: Risk Management Certification.

CIMA Risk Management Sample Questions (Q110-Q115):

NEW QUESTION # 110
The Committee of Sponsoring Organisations (COSO) outlined six key principles of Enterprise Risk Management (ERM).
Which of the following are COSO key principles?

• A. The creation of a risk aware culture.
• B. A comprehensive and holistic approach to risk management.
• C. Consideration of the main risk only which is financial risk.
• D. Risk management is the responsibility of the risk committee.
• E. Consideration of risk management in the context of business strategy.

Answer: A,B,E
NEW QUESTION # 111
C is a large international supermarket chain. It has many thousands of suppliers and many thousands of potential suppliers competing for shelf space m its supermarkets.
Which of the following provisions would be appropriate for C to include m its ethical code in relation to its suppliers?
Select ALL that apply

• A. C shall insist on an exclusivity agreement with each supplier so that identical products are not available from other outlets
• B. Cshall continuously remind suppliers that it always has several alternative suppliers to choose from.
• C. C shall keep confidential all information received from suppliers and potential suppliers
• D. C shall endeavour to adhere to the terms of its contracts with its suppliers at all times
• E. C shall endeavour to take as high a percentage of each supplier's output as possible
• F. C shall not use its buying power unscrupulously.

Answer: C,D,F
NEW QUESTION # 112
B, a construction company, has a policy of carrying out a post completion audit on every construction project undertaken where the value exceeds $1 million.
What is the role of the post completion audit?

• A. To signify the end of the project.
• B. To apportion blame for things not done well.
• C. To reward staff and celebrate success.
• D. To highlight what can be done to improve similar future projects.

Answer: D
NEW QUESTION # 113
The long-term prospects for inflation in the UK and the USA are 2% and 6% per annum respectively.
The GBP/USD spot rate is currently GBP/USD1.71.
Using purchasing power parity theory, what GBP/USD spot rate would you expect to see in three months' time?

• A. GBP/USD1.69
• B. GBP/USD1.77
• C. GBP/USD1.73
• D. GBP/USD1.65

Answer: C
NEW QUESTION # 114
DBB is a mining company. The company's business requires manners to work underground in hazardous conditions DBB takes every possible precaution to protect the safety and wellbeing of its miners, but that does not prevent the occurrence of four or five serious injuries every year. That number is small in relation to the many thousands of owners employed by DBB.
DBB's Board is preparing a risk map Most directors believe that injuries to miners should be classified as high Likelihood and high impact, which Is a category of risk that should be avoided according to the TARA framework One of the directors has suggested that the risk should be classified as low likelihood and high impact because that would move the risk into the quadrant associated with transference or sharing and so could be draft with by, say, insurance Which TWO of the following are correct?

• A. Discussing likelihood and impact will help DBB's Board to mitigate the risk of industrial inquiry
• B. The fact that there are very few accidents supports the argument that the likelihood
• C. it is unlikely that DBB will be able to transfer the risk of these injuries by insurance.
• D. Risk maps enable companies to identify the correct migration for any given risk
• E. The director's recommendation that the risk should be reclassified will make the risk map more useful

Answer: B,D
NEW QUESTION # 115
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