Available Number of Questions: Maximum of
275 Questions
Exam Name: P3 Risk Management (Online)
Related Certification(s):
CIMA Professional Qualification Certification
CIMA CIMAPRA19-P03-1 Exam Topics - You’ll Be Tested in Actual Exam
The CIMA CIMAPRA19-P03-1 exam is a comprehensive assessment designed to evaluate your understanding of strategic management and its various aspects. This exam delves into the core principles and practices that drive successful business strategies. It covers a wide range of topics, including strategic analysis, where you'll learn to assess internal and external factors influencing an organization's performance. You'll also explore strategic choice, evaluating different options and making informed decisions to achieve business objectives. Additionally, the exam focuses on strategic implementation, teaching you how to execute strategies effectively and manage change. Risk and control are crucial aspects, as you'll learn to identify and mitigate risks, ensuring a stable and controlled business environment. Financial strategy is another key area, where you'll develop skills in financial planning and analysis to support strategic decision-making. The exam also covers organizational design, helping you understand how to structure an organization for optimal performance and alignment with strategic goals. Finally, it emphasizes the importance of corporate governance and ethical practices in strategic management. By studying these topics, you'll gain a deep understanding of how to create and execute successful business strategies, making you a valuable asset in any organization.
CIMA CIMAPRA19-P03-1 Exam Short Quiz
Attempt this CIMA CIMAPRA19-P03-1 exam quiz to self-assess your preparation for the actual CIMA P3 Risk Management (Online) exam. CertBoosters also provides premium CIMA CIMAPRA19-P03-1 exam questions to pass the CIMA P3 Risk Management (Online) exam in the shortest possible time. Be sure to try our free practice exam software for the CIMA CIMAPRA19-P03-1 exam.
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CIMA CIMAPRA19-P03-1 Exam Quiz
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CIMACIMAPRA19-P03-1
Q1:
C is an accounts clerKwho is supposed to sign each invoice as evidence that she has conducted checks against supporting documents Sometimes C signs invoices without making these checks
D is a member of the internal audit team He has been told to conduct compliance tests on whether C is checking the invoices property
Which of the following would grve D a false sense of assurance that C's checks have been in operation?
Select ALL that appry
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AD reviewed a sample of invoices for purchases of plant and equipment and found that C had not signed them C explained that she believed that those were authonsed by someone else although the accounts manual indicates that it was her responsibility
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Basked C a series of open-ended questions about the operation of the purchases system She did not mention anything about detailed checks of invoices against documents
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CD examined a sample of invoices to make sure that they had been signed by C AH had been signed
selected a sample of purchase invoices and compared each to the supporting documents that C is supposed to review Every one of D's invoices was supported by the related documents
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DD worked at a spare desk in the accounts department and quietly watched C without telling her She checked every invoice carefully while D was present
CIMACIMAPRA19-P03-1
Q2:
Which TWO of the following scenarios should be considered in strategic scenario planning by a publishing company that specialises in academic textbooks?
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AThere could be a change in the technology used by consumers, such as smaller mobile phones with smaller screens
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BBudget changes could have an impact on the funding available to college and university libraries
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CThe terms offered by media companies for film rights for books could change
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DThe quality of output from printing presses might improve
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EEnvironmental concerns could lead to a decrease in the availability of trees to make paper
CIMACIMAPRA19-P03-1
Q3:
Which method of quantifying risk exposure can be used to calculate the maximum loss on a portfolio occurring within a period of time with a given probability?
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AValue at Risk
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BRegression analysis
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CSimulation
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DExpected value
CIMACIMAPRA19-P03-1
Q4:
The senior manager in the accounts department is going on annual leave for three weeks and Jo, a supervisor is being put in charge of the department for that time
Which TWO of the following statements are correct?
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AAuthorisation of exceptional overtime due to the year end which takes place while the senior manager is on leave should be postponed until the senior manager returns
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BThe annual staff appraisals should be postponed until the senior manager returns
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CAuthorisation of expenses should wait until the senior manager returns.
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DJo should not have all of the same authority as the senior manager
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EJob interviews for an office junior should be cancelled until the senior manager returns.
CIMACIMAPRA19-P03-1
Q5:
DRF is a manufacturing company
The internal auditor is conducting an investigation into the operation of the payroll system and has discovered a compliance error
The Head of Human Resources (HR) is required to add any new names to the payroll, using a specific computer password The Head of HR was absent for a month because of ill health During that period a senior member of the Wages Office, who is normally responsible only for organising wage payments, was issued a temporary password in order to add new names to the payroll The password was cancelled when the Head of HR returned to work
Which TWO of the following statements are correct?
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AThe senior member of the Wages Office should be disciplined for being in breach of the rules
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BThe senior member of the Wages Office could have committed fraud
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CThe compliance error should be overlooked because it was as a result of staff absence
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DThe internal auditor should ignore the error because it only lasted for one month
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EThe payroll should be checked thoroughly to ensure that only authorised staff are present
