Weekend Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: get65

Page: 1 / 12

CIMA Strategic level Risk Management

Risk Management

Last Update Feb 16, 2025
Total Questions : 339

To help you prepare for the P3 CIMA exam, we are offering free P3 CIMA exam questions. All you need to do is sign up, provide your details, and prepare with the free P3 practice questions. Once you have done that, you will have access to the entire pool of Risk Management P3 test questions which will help you better prepare for the exam. Additionally, you can also find a range of Risk Management resources online to help you better understand the topics covered on the exam, such as Risk Management P3 video tutorials, blogs, study guides, and more. Additionally, you can also practice with realistic CIMA P3 exam simulations and get feedback on your progress. Finally, you can also share your progress with friends and family and get encouragement and support from them.

Questions 2

C Ltd is a private, family-owned company which is hoping to become listed on a recognised Stock Exchange within the next two years. At the moment, the Board of Directors comprises five directors; four of whom are from the founding family and all of whom are involved in the day-to-day running of the business. The remaining director obtained a seat on the Board three years ago as a condition of an investment by a venture capital fund.

The Board meets in half-day sessions once a fortnight and the Board meetings are reasonably well run. All decisions are taken by the Board as a whole. There are no sub-committees.

Which of the following steps would it be appropriate for C Ltd to take in the light of the proposed listing?

Options:

A.  

Appoint enough independent non-executive directors (NEDs) that they make up at least 50% of the Board.

B.  

Appoint one of the NEDs as Chair of the Board.

C.  

Insist that the venture capital company director be removed as he is not necessarily motivated to act in the best interests of C Ltd.

D.  

Set up at least three sub-committees namely remuneration, nomination, and audit committees.

E.  

Ensure that the current executive directors are given 10 year contracts starting on the day the company is floated, to ensure consistency and continuity in the management of the company.

F.  

Set up an "agenda setting" sub-committee consisting of the current executive directors to decide the agenda for each Board meeting.

Discussion 0
Questions 3

The management of U is reviewing internal controls throughout the company. It has noted the following:-

   1. In the trade receivables section, journal adjustments are made by the clerks, without any reference to their supervisor. Journal adjustments may relate to sales returns, discounts allowed, or transfers between accounts.

   2. 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?

Options:

A.  

The fact that the purchasing manager uses a very small number of suppliers is, in itself, a sign of poor internal controls.

B.  

It is acceptable for clerks in the trade receivables section to make journal adjustments without authorisation provided the amounts involved are not material to U's financial statements.

C.  

It is acceptable for clerks in the trade receivable section to make journal adjustments without authorisation, provided they have no access to cash receipts.

D.  

The fact that the purchasing manager does not keep documentation relating to negotiations with suppliers, or potential suppliers, is evidence that they are involved in fraudulent activity.

E.  

Clerks making journal adjustments without reference to their supervisor is evidence of inadequate separation of duties.

F.  

The way the role of purchasing manager is carried out in U increases the chance that the company will fall victim to fraudulent activity.

Discussion 0
Questions 4

As part of risk assessment exercise for a low-cost airline you are requested to match the risks listed below with the most approriate method of minimising or dealing with each risk.

Questions 4

Options:

Discussion 0
Questions 5

The managers of a company are agents for the shareholders tasked with increasing shareholders' wealth. Which of the following will usually increase shareholders' wealth?

Options:

A.  

Investing in projects with the shortest payback period.

B.  

Investing in projects with positive net present value.

C.  

Investing in projects with the greatest level of risk.

D.  

Not paying a dividend for several years in order to invest in new projects.

Discussion 0
Erik
Hey, I have passed my exam using Cramkey Dumps?
Freyja Oct 17, 2024
Really, what are they? All come in your pool? Please give me more details, I am going to have access their subscription. Please brother, give me more details.
Anya
I must say they're considered the best dumps available and the questions are very similar to what you'll see in the actual exam. Recommended!!!
Cassius Nov 2, 2024
Yes, they offer a 100% success guarantee. And many students who have used them have reported passing their exams with flying colors.
Victoria
Hey, guess what? I passed the certification exam! I couldn't have done it without Cramkey Dumps.
Isabel Sep 21, 2024
Same here! I was so surprised when I saw that almost all the questions on the exam were exactly what I found in their study materials.
Nylah
I've been looking for good study material for my upcoming certification exam. Need help.
Dolly Oct 3, 2024
Then you should definitely give Cramkey Dumps a try. They have a huge database of questions and answers, making it easy to study and prepare for the exam. And the best part is, you can be sure the information is accurate and relevant.

P3
PDF

$69.65  $199

P3 Testing Engine

$78.75  $225

P3 PDF + Testing Engine

$87.15  $249