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CIMA P3 (Risk Management) certification exam is one of the most prestigious and recognized certifications in the field of finance and accounting. Risk Management certification is designed to impart knowledge and skills in risk management, strategic management, and project management. CIMA P3 exam is widely recognized by employers worldwide and is recommended for professionals who are looking to enhance their career prospects in the finance and accounting industry.

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CIMA P3: Risk Management is a highly specialized exam that forms an integral part of the CIMA Professional Qualification. P3 exam aims to equip candidates with the knowledge, skills, and techniques required to identify, assess, and manage risks effectively. Risk management is an essential function in any organization, and P3 Exam ensures that candidates are well-prepared to perform this critical task.

CIMA Risk Management Sample Questions (Q90-Q95):

NEW QUESTION # 90
Company N is considering opening another production plant in Northland, a country 2000 km from its current production plant location N would also sell its products in Northland Which TWO of the following are business risks'

A. The risk that it may be difficult to sell its products in Northland.
B. The risk that interest rates may rise making N's loans expensive.
C. The risk that Northland may not be able to support N's technology requirements.
D. The risk that Northland's government may introduce policies that would be unfavorable to N.
E. The risk that the Northland currency may strengthen making it expensive.

Answer: A,C

NEW QUESTION # 91
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. Consideration of risk management in the context of business strategy.
C. Risk management is the responsibility of the risk committee.
D. A comprehensive and holistic approach to risk management.
E. Consideration of the main risk only which is financial risk.

Answer: A,B,D

NEW QUESTION # 92
Which TWO of the following are likely to be consequences of a weak control environment?

A. Mid-level Managers will request improved controls
B. The Board will be free to focus on strategy.
C. The Board will insist on improved controls.
D. The Board risks being poorly informed
E. Poor compliance with control procedures

Answer: D,E

NEW QUESTION # 93
A company is keen to avoid becoming a victim to malware. Which TWO of the following techniques would be valid responses to this threat?

A. Reverse engineering all viruses that are discovered on company machines
B. Conducting denial of service attacks against perpetrators who attempt to infect the company
C. Paying ransomware demands immediately in order to ensure that malware is removed promptly
D. Providing computers with independent internet access in the staff break room for personal emails and online shopping
E. Removing USB ports from all networked computers

Answer: D,E

NEW QUESTION # 94
UIO sells mobile phones through a cham of 100 shops spread across the country Shop managers have considerable discretion over pncmg and the incentives offered to sales staff Shop managers are evaluated on the monthly contribution from completed sales. Those who exceed targets by more than 10% for three successive months are promoted Those who fail to achieve monthly targets in two successive months lose their jobs Which of the following statements are true of the performance management of UIO's shop managers?
Select ALL that apply.

A. UIO's shop managers are encouraged to sell phones at a loss
B. UIO's shop managers may have very little sense of loyalty to the company
C. UIO's shop managers have an incentive to offer excellent customer service
D. UIO's shop managers are encouraged to take risks that may harm UIO
E. UIO's shop managers have an incentive to develop attractive sates promotions for their shops

Answer: A,B,D

NEW QUESTION # 95
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