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P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Dumps

Passcert offers the latest P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Dumps which contain real questions and answers to practice and it can help you clear your exam successfully.

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P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Dumps

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  1. CIMAPRA19-P03-1-ENG CIMAPRA19-P03-1-ENG Sample Test Sample Test P3 Risk Management (Online) P3 Risk Management (Online) https://www.passcert.com/CIMAPRA19-P03-1-ENG.html https://www.passcert.com/CIMAPRA19-P03-1-ENG.html

  2. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 1 SDF is a quoted company. Which of the following matters should normally be dealt with by SDF's audit committee? A. The external auditor has requested a higher fee than normal for the forthcoming financial year because new legislation will require additional audit work. B. The Head of Internal Audit is concerned that a recent internal audit investigation may have revealed serious compliance failures. C. The external auditor is concerned that an accounting policy selected by the Finance Director does not comply with the spirit of the relevant accounting standard. D. The external auditor has identified a material error, due to a clear miscalculation, in the draft financial statements. E. The Finance Director will be retiring within the next year and a replacement will have to be found. Answer: A,B,C 02 03 04

  3. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 2 Risk management involves all parties in an organisation. 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 01 02 03 04

  4. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 3 You have just been appointed Financial Controller of Y, a marketing consultancy. You are in a meeting with the Chief Executive Officer (CEO) of Y, and have been discussing the need for a major upgrade of all the information systems throughout Y, as they are all very old. Knowing that major change should be managed effectively, you have suggested that Y should have a 'systems steering committee'. Advise the CEO which of the following should be included in the terms of reference of the steering committee. A. Plan for new systems B. Develop new systems C. Manage the project D. Consider the competitive issues raised by the new system E. Ensure the new system will meet the company's goals Answer: A,D,E 01 02 03 04

  5. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 4 YGH has recently completed a post completion audit on a five year contract that has only recently come to a conclusion. The main finding was that the project delivered most of the expected benefits, but that it cost significantly more to implement than had been anticipated at the project appraisal stage. YGH would not have proceeded if the true cost had been known at that stage. The project was the responsibility of the production department, which is presently managed by G. When the project was proposed, the production department was managed by H. H is now YGH's Director of Operations. How should the finding from this post completion audit be interpreted? A. YGH should consider introducing more detailed checking of the assumptions underlying the costs of future projects. B. The production department should not be granted funding for future projects unless there are compelling reasons to proceed. C. G should be held accountable for the overspend on the project. D. H should be held accountable for the overspend on the project. Answer: A 01 02 03 04

  6. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 5 W plc is a large international supermarket chain. It has many thousands of suppliers and many thousands of others competing for "shelf space" in its supermarkets. Which of the following would be appropriate provisions for W plc to include in its Ethical Code in relation to its suppliers? A. W plc shall not use its buying power unscrupulously. B. W plc shall endeavour to adhere to the terms of its contracts with its suppliers at all times. C. W plc shall keep confidential all information received from suppliers and potential suppliers. D. W plc shall continuously remind suppliers that it always has several alternative suppliers to choose from. E. W plc shall endeavour to take as high a percentage of each supplier's output as possible. F. W plc shall insist on an exclusivity agreement with each supplier so that identical products are not available from other outlets. Answer: A,B,C 01 02 03 04

  7. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 6 Which TWO of the following are reasons for a company to comply with the Committee of Sponsoring Organisations of the Treadway Commission 2017 Enterprise Risk Management Framework (COSO Framework)? A. Complying with the COSO Framework will mean all employees of a company will comply with internal controls B. Complying with the COSO Framework will mean that a company's internal controls will work properly C. Complying with the COSO Framework will mean there is a good structure to a company's risk management system D. Complying with the COSO Framework will mean that all staff will understand a company's risk management system E. Complying with the COSO Framework will improve a company's reputation Answer: C,E 01 02 03 04

  8. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 7 01 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 determines the boundary of the "Trusted" components of the company's Information Technology infrastructure. B. A Firewall protects sensitive data against accidental or malicious damage. C. A Firewall protects the computer suite against physical attack. D. A Firewall protects against unauthorised network access. E. A Firewall protects against viruses. F. A Firewall can screen every message coming into or out of the company network looking for key words, or attachments. Answer: A,D,F 02 03 04

  9. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 8 01 K has several subsidiary companies. The directors of K's subsidiaries are paid an annual b onus based upon their particular subsidiary's reported profits. The directors of one of K's subsidiaries are considering the choice between two models of a machine. Which of the following is most likely to explain the decision to choose model X over model Y? A. Model X has a better combination of investment and running costs. B. Model X is the less risky investment. C. Investing in model X will mean the subsidiary will show a higher profit. D. Investing in model X will lead to a higher share price. Answer: C 02 03 04

  10. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 9 VBN's home currency is the V$. On 1 January, VBN must make a payment of C$2 million on 31 March of that same year. On 1 January the spot exchange rate was V$1 = C$0.4. On 1 January VBN paid $180,000 for a call option to buy C$2 million for V$5.5 million on 31 March. VBN's cost of borrowing was 8% per year. On 31 March the spot rate was V$1 = C$0.45. What was the total cost, including the cost of the option, of settling the payable? A. V$4.628 million B. V$5.684 million C. V$4.444 million D. V$5.5 million Answer: A 01 02 03 04

  11. Download Passcert latest CIMAPRA19-P03-1-ENG Sample Test to help you pass successfully Question 10 Which of the following summarises Purchasing Power Parity Theory (PPPT)? A. Government intervention cannot affect the inevitable rise or fall of its currency in the short-term. B. The difference between the spot and the forward exchange rates is equal to the differential between the inflation rates in the two countries. C. PPPT predicts that the country with the lower inflation rate will see the currency devalue accordingly. D. The difference between the interest rates in the two countries is equal to the differential between the spot and the forward exchange rate for the currency in the two countries. Answer: B 01 02 03 04

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