Free CIMA P3 Exam Dumps Questions & Answers

DBB is a mining company. The company's business requires manners to work underground in hazardous conditions DBB takes every possible precaution to protect the safety and wellbeing of its miners, but that does not prevent the occurrence of four or five serious injuries every year. That number is small in relation to the many thousands of owners employed by DBB.
DBB's Board is preparing a risk map Most directors believe that injuries to miners should be classified as high Likelihood and high impact, which Is a category of risk that should be avoided according to the TARA framework One of the directors has suggested that the risk should be classified as low likelihood and high impact because that would move the risk into the quadrant associated with transference or sharing and so could be draft with by, say, insurance Which TWO of the following are correct?

• A.  Discussing likelihood and impact will help DBB's Board to mitigate the risk of industrial inquiry
• B.  Risk maps enable companies to identify the correct migration for any given risk
• C.  The fact that there are very few accidents supports the argument that the likelihood
• D.  it is unlikely that DBB will be able to transfer the risk of these injuries by insurance.
• E.  The director's recommendation that the risk should be reclassified will make the risk map more useful

TYU is a retailer selling televisions. The company is financed wholly by equity.
Why might TYU be exposed to interest rate risk?

• A.  TYU's competitors may have fixed rate borrowings.
• B.  TYU's suppliers may have borrowings.
• C.  TYU's competitors may have variable rate borrowings.
• D.  TYU's cost of capital will vary with interest rates.
• E.  Customers' disposable income may change.

ABC has recently appointed a Chief Information Officer who has announced that he wants to start a major clean up starting with all desktop and laptop equipment.
Which THREE of the following measures should be adopted to help enhance security'?

• A.  Automate anti-virus update processes so they cannot be avoided
• B.  instruct all staff not to click on any links in emails from anyone outside the company
• C.  Issue a corporate policy on email use
• D.  Set up a hot line in the service desk for any security queries.
• E.  Make an employee of the month award for whoever spots the most bogus emails.
• F.  Make security training available to anyone who wants it.

The Committee of Sponsoring Organisations (COSO) outlined six key principles of Enterprise Risk Management (ERM).
Which of the following are COSO key principles?

• A.  A comprehensive and holistic approach to risk management.
• B.  Consideration of the main risk only which is financial risk.
• C.  The creation of a risk aware culture.
• D.  Consideration of risk management in the context of business strategy.
• E.  Risk management is the responsibility of the risk committee.

Select the correct ethical principle that corresponds to each ethical dilemma described.

Correct Answer: