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100% gültige CIMAPRA19-P03-1-ENG Prüfungsfragen – P3 Risk Management (Online) Prüfung erfolgreich bestehen

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1. Under the COSO Enterprise Risk Management Framework, who is responsible for risk management?

2. Kate is a management accountant. Her immediate superior plans to apply for a promotion and his strongest competitor is the sales manager. Kate's superior has ordered her to set unattainable sales targets in a sales budget in order to reduce the sales manager's promotion prospects. He told her not to tell anybody.

Kate asked the finance director for advice. He told her that he wanted her immediate superior to get the promotion and so she should set the unattainable budget as instructed.

Kate set the budget as instructed.

Which THREE fundamental ethical principles has Kate breached?

3. The board of OKN is considering an investment opportunity that will require the company to borrow a large amount in month 10 of the current financial year and to invest it immediately in property, plant and equipment. This investment has a positive net present value that justifies the risk, but the directors are reluctant to invest in the project.

Why might the directors be reluctant?

4. Risk management involves all parties in an organisation.

Which of the following describe the Board's responsibilities for risk management?

5. DFG's home currency is the D$.

DFG is heavily exposed to the exchange rate between the D$ and the L$, country L's currency.

DFG's treasurer has noted the following:

• Inflation has been running at 5% in DFG's home country and 8% in country L

• Interest rates are 7% in DFG's home country and 11% in country L

• The spot rate is D$1.0000 = L$2.1000 and the three month forward rate is D$1.0 = L$2.1196

Which of the following statements is consistent with these figures?

6. H Ltd is a logistics company which is likely to be seeking a Stock Exchange listing shortly.

The directors wish to strengthen the company's internal controls.

Which of the following statements are valid?

7. Systems Development Lifecycle (SDLC) is used to manage risk within the development of new computer systems.

Which THREE of the following are appropriate controls to manage risk within the SDLC Process?

8. In the purchasing department, the purchasing manager selects and approves all suppliers, as they are the only person with sufficient experience to do so. They use a very limited number of suppliers because they can rely on these suppliers to provide goods of the quality required at a competitive price. They do not keep any documents in relation to negotiations with other potential suppliers or other quotes obtained.

In relation to the above, which of the following statements are valid?

9. DRAG DROP

The internal audit department should always give a report at the end of its audit. This report is intended to be useful and help the company going forward. The report should always include any recommendations for improvements.

Which of the following statements are true and which are false?



10. 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?


 

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