Halloween Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: cramtick70

P3 exam
P3 PDF + engine

CIMA P3 Dumps Questions Answers

Get P3 PDF + Testing Engine

Risk Management

Last Update Nov 2, 2024
Total Questions : 339

Why Choose CramTick

  • 100% Low Price Guarantee
  • 3 Months Free P3 updates
  • Up-To-Date Exam Study Material
  • Try Demo Before You Buy
  • Both P3 PDF and Testing Engine Include
P3 pdf

P3 PDF

Last Update Nov 2, 2024
Total Questions : 339

  • 100% Low Price Guarantee
  • P3 Updated Exam Questions
  • Accurate & Verified P3 Answers
$59.7  $199
P3 Engine

P3 Testing Engine

Last Update Nov 2, 2024
Total Questions : 339

  • Real Exam Environment
  • P3 Testing Mode and Practice Mode
  • Question Selection in Test engine
$67.5  $225

CIMA P3 Last Week Results!

10

Customers Passed
CIMA P3

88%

Average Score In Real
Exam At Testing Centre

89%

Questions came word by
word from this dump

Free P3 Questions

CIMA P3 Syllabus

Full CIMA Bundle

How Does CramTick Serve You?

Our CIMA P3 practice test is the most reliable solution to quickly prepare for your CIMA Risk Management. We are certain that our CIMA P3 practice exam will guide you to get certified on the first try. Here is how we serve you to prepare successfully:
P3 Practice Test

Free Demo of CIMA P3 Practice Test

Try a free demo of our CIMA P3 PDF and practice exam software before the purchase to get a closer look at practice questions and answers.

P3 Free Updates

Up to 3 Months of Free Updates

We provide up to 3 months of free after-purchase updates so that you get CIMA P3 practice questions of today and not yesterday.

P3 Get Certified in First Attempt

Get Certified in First Attempt

We have a long list of satisfied customers from multiple countries. Our CIMA P3 practice questions will certainly assist you to get passing marks on the first attempt.

P3 PDF and Practice Test

PDF Questions and Practice Test

CramTick offers CIMA P3 PDF questions, and web-based and desktop practice tests that are consistently updated.

CramTick P3 Customer Support

24/7 Customer Support

CramTick has a support team to answer your queries 24/7. Contact us if you face login issues, payment, and download issues. We will entertain you as soon as possible.

Guaranteed

100% Guaranteed Customer Satisfaction

Thousands of customers passed the CIMA Risk Management exam by using our product. We ensure that upon using our exam products, you are satisfied.

All CIMA Strategic level Related Certification Exams


E3 Total Questions : 280 Updated : Nov 2, 2024
F3 Total Questions : 435 Updated : Nov 2, 2024

Risk Management Questions and Answers

Questions 1

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.

Questions 2

S Doc is an out-of-hours service provided by a country's government. The service allows members of the public to call and speak to a nurse who can advise on medical situations which are not obviously emergencies. Depending on the situation the caller can be referred to the full emergency services, or be advised to go to Accident and Emergency at the nearest hospital. Alternatively, a callout from a general practitioner (GP) can be organised; the caller can be advised of where GP services are available; advice can be given over the phone; or a decision can be taken that no further action is required at least until normal services resume on the next working day.

There has been a suggestion that the nurses who take these calls could be replaced by suitably trained operatives who have available to them a specially designed expert system.

Which of the following are advantages of using an expert system instead of nurses?

Options:

A.

The operatives would be too careful and therefore would recommend unnecessary treatments or interventions.

B.

Some callers may present with complicated scenarios that a non-medically trained operative or expert system would be unable to recognise (for example, psychological issues).

C.

Using an expert system would make operatives less inclined to feel sorry for the caller and ensure that only relevant facts were considered in coming to a decision.

D.

The use of an expert system would ensure that only relevant questions were asked of the caller and that operatives did not miss something vital due to distraction or fatigue.

E.

The expert system will always follow the same path whereas the nurses may have more knowledge about some health issues and very little about others.

Questions 3

Which of the following is NOT a financial risk.

Options:

A.

Selling goods on credit terms.

B.

Taking out variable rate loans to finance short term investments.

C.

Sourcing raw materials overseas to manufacture goods.

D.

Global warming.