How to pass the Cima P3 exam?

1. CIMA P3 - Risk Management exam in just 24HOURS! 100% REAL EXAM QUESTIONSANSWERS CIMA P3 - RiskManagement Buy Complete Questions Answers Filefrom http://www.certs4you.com/cima/p3-dumps.html 100% Exam Passing Guarantee & Money BackAssurance SampleQuestions

2. Question No1: D has decided to invest in a new factory at a cost of $6,000,000. The discount rate of the project is 22% and the PV of tax shield is$80,000. What is theIRR? Give your answer to two decimalplaces. Answer:21.71% Question No2: S Doc is an out-of-hours service provided by a country's government. The service allows members of the public to call and speak to a nurse who can advise on medical situations which are not obviously emergencies. Depending on the situation the caller can be referred to the full emergency services, or be advised to go to Accident and Emergency at the nearest hospital. Alternatively, a callout from a general practitioner (GP) can be organised; the caller can be advised of where GP services are available; advice can be given over the phone; or a decision can be taken that no further action is required at least until normal services resume on the next working day. There has been a suggestion that the nurses who take these calls could be replaced by suitably trained operatives who have available to them a specially designed expert system. Which of the following are advantages of using an expert system instead ofnurses? The operatives would be too careful and therefore would recommend unnecessary treatments orinterventions. Some callers may present with complicated scenarios that a non-medically trained operative or expert system would be unable to recognise (for example, psychological issues). Using an expert system would make operatives less inclined to feel sorry for the caller and ensure that only relevant facts were considered in coming to adecision. The use of an expert system would ensure that only relevant questions were asked of the caller and that operatives did not miss something vital due to distraction orfatigue. The expert system will always follow the same path whereas the nurses may havemore knowledge about some health issues and very little aboutothers. Answer: C, D,E

3. Question No3: YUI owns 18 factories, which are spread around the country. Each factory employs 500-700 production staff and has its own administrative and accounts departments. It has recently been discovered that the manager in charge of YUI's Hightown factory has been overstating his personal expenses claims for the past five years. The total amount stolen in this manner has been estimated at $10,000. Why would it have been relatively difficult to have prevented thisfraud? Senior members of management can often overridecontrols. It is impossible for anybody to check expenses claims submitted by a seniormanager. Managers are generally highly intelligent and are generally capable of designing ways to defeat controlsystems. Internal controls cannot address fraud, onlyerror. Answer: A Question No4: The government health service in country H employs well over 100,000 staff in various locations throughout the country. Traditionally, local management has had high levels of autonomy in relation to personnel issues and there are several different human resources (HR) managers located across variousregions. The government has decided to introduce a completely new HR/payroll information system to have just one database containing all relevant information about every staff member on the payroll (start date, job title, salary and all other details) and to use this information to begin streamlining recruitment and HRpolicies. The government has outsourced the system's development to a reputable company. Which of the following are disadvantages associated with this ITproject? There is a risk that the system will not capture all of the existing terms and conditions of staff, thus leading to industrial relations problemslater. There is a risk that significant anomalies in the current system will be highlighted. Any initial problems in running the system could have serious repercussions as it could lead to, for example, staff not being paid, payroll tax not being properly collected, and similardifficulties. The system could make it more difficult to employ specialist medical staff on terms and conditions which are different from the normal terms and conditionsavailable. The amount of data storage space required to run the system may not beavailable. The government is very heavily dependent on the contractor to whom this assignment is outsourced and if they do not to perform as required this could have serious consequences.

4. Answer: A, C,F Question No5: S Doc is an out-of-hours service provided by a country's government. The service allows members of the public to call and speak to a nurse who can advise on medical situations which are not obviously emergencies. Depending on the situation the caller can be referred to the full emergency services, or be advised to go to Accident and Emergency at the nearest hospital. Alternatively, a callout from a general practitioner (GP) can be organised; the caller can be advised of where GP services are available; advice can be given over the phone; or a decision can be taken that no further action is required at least until normal services resume on the next workingday. There has been a suggestion that the nurses who take these calls could be replaced by suitably trained operatives who have available to them a specially designed expertsystem. Which of the following are advantages of using an expert system instead ofnurses? The operatives would be too careful and therefore would recommend unnecessary treatments orinterventions. Some callers may present with complicated scenarios that a non-medically trained operative or expert system would be unable to recognise (for example, psychological issues). Using an expert system would make operatives less inclined to feel sorry for thecaller and ensure that only relevant facts were considered in coming to adecision. The use of an expert system would ensure that only relevant questions were asked of the caller and that operatives did not miss something vital due to distraction orfatigue. The expert system will always follow the same path whereas the nurses may have more knowledge about some health issues and very little aboutothers. Answer: C, D,E Question No6: Which of the following are objectives of the audit planningprocedure? To work out the time and resources required for theaudit. To perform substantivetests. To work out how audit evidence will beobtained. To perform analytical review to identify possible areas forinvestigation. To set out how audit objectives will beachieved. Answer: A, C,E

5. Question No7: You are in process of compiling a risk register for P, a company which maintains railway tracks. This helps prevent accidents and ensures the trains are not disrupted due to problems with thetrack. Which of the following statements arevalid? A properly compiled risk register will identify all the risks to which P could possibly be exposed. A risk register should profile each risk in terms of probability andconsequence. A risk register should concern itself with only the direct consequences of each risk such as injury to passengers and ignore indirect risks, such as re-routing trains due to an accident. The risk register for P should be updated frequently: for example, every twoweeks. The risk register should specify the individual, or group of individuals, responsible for the management of eachrisk. Answer: B, E Question No8: A project has an NPV of £1,200,000. The present value of material costs which are included in the NPV calculation are£8,000,000. What is the sensitivity of the project to changes in material costs? Give your answer to the nearest wholepercentage. Answer:15% Question No9: Will owns $400,000 of shares in CompanyX. Company X has a daily volatility of 1% of its share price. Calculate the 28 day value at risk that shows the most Will can expect to lose during a 28 day period. (Will wishes to be 90% certain that the actual loss in any month will be less than your predictedfigure). Give your answer to the nearest$000. Answer:$27

6. Question No10: • Physical access controls can greatly enhance the security of companyassets. • Select THREE methods by which physical access security can be significantlyenhanced. • Use of CCTV cameras monitoring all access points, with security guards monitoring images and a secured system making arecording. • Use of one way mirrors, so people can be observedundetected. • Use of USB sticks and removable media should beprohibited. • Use of access control pads with numerical keys on every door, which is otherwise locked. • Personal individual ID card access, logging individual person movement through every door, which is otherwiselocked. • Visitors to be logged in by security staff and to be accompanied by a member of staff at all times until theyleave. • Answer: A, E,F • Buy Complete Questions Answers Filefrom • 100% Exam Passing Guarantee & Money BackAssurance • PDF Version + Test Engine SoftwareVersion • 90 Days Free UpdatesService • Valid for AllCountries http://www.certs4you.com/cima/p3-dumps.html