P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Exam Questions

  Edina  12-28-2021

CIMAPRA19-P03-1-ENG P3 Risk Management (Online) exam is one of the top certification exams that will help you learn new skills and earn this CIMA Professional Qualification certification. PassQuestion provides the latest P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Exam Questions according to the latest and actual syllabus of P3 Risk Management (Online) Exam to help you pass your exam easily.Before attempting this exam, it will be beneficial to prepare yourself with P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Exam Questions. You have to study each aspect of this certification before appearing in the actual CIMAPRA19-P03-1-ENG exam. After passing this P3 Risk Management (Online) certification, you will be able to give proof of your skills and credentials.

P3 Risk Management (Online)

The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in business. On completion of the CIMA Professional Qualification, you will be awarded the Chartered Global Management Accountant (CGMA) designation. This showcases your professionalism, business and leadership skills, ethics and commitment. This Risk Management module is one of three you need to study in order to achieve pass the Strategic Level course and therefore achieve the CIMA Professional Qualification.

Exam Objectives

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.

View Online P3 Risk Management (Online) CIMAPRA19-P03-1-ENG Free Questions

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

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

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