[Apr-2023] Use Real P3 Dumps Free Sample Questions and Practice Test Engine
Pass CIMA P3 exam - questions - convert Tets Engine to PDF
NEW QUESTION 139
ABC is an online retail chain which operates on a 24/7 basis It has been updating its Cyber Security processes and has implemented a centralised monitoring process to track activity through its web access portal Which of the following activities will increase the awareness of its cyber security risk most effectively?
- A. ABC should monitor and record all failed access attempts.
- B. ABC should monitor and record every keystroke of every user.
- C. ABC should monitor and record every device type used for access
- D. ABC should monitor and record every out of hours access
Answer: A
NEW QUESTION 140
The Dean of Information Technology at Capital City University wishes to develop a degree in 'ethical hacking" Students will graduate from this course with the skills needed to develop malware, so that they have the ability to reverse engineer malicious software The Dean believes that there will be strong demand for such graduates from employers in IT security and related fields.
Which TWO of the following statements are correct?
- A. The academic staff teaching on this degree may struggle to keep up to date with the latest developments in malware
- B. The University should conduct detailed background checks on applicants before they are admitted to this degree
- C. The course should teach students to reverse engineer malware without enabling them to write malware
- D. Potential employers would be suspicious of job applicants whose choice of degree indicates an interest in malware
- E. The University should not be equipping its students with skills that could be abused for the purposes of committing crime or causing harm
Answer: B,C
NEW QUESTION 141
V buys vegetables and fruit from three farms located in a different part of V's country and sells them to large supermarket chains.
A recent newspaper magazine had an article on these farms showing that the farms employ illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant conditions. They are forced to live in small overcrowded caravans with no running water. They are also given meals which are cold and poor quality. These farms are located in a developed country with strong labour laws.
Classify each of the following statements as true or false.
Answer:
Explanation:
NEW QUESTION 142
R is a company running gas-fired power stations in Western Europe. The Risk Committee has just received a report that a power station built to the same design and specification in a developing country has recently collapsed. The causes of the collapse are unclear, but if something similar were to happen in Europe the consequences for R could be catastrophic.
Which of the following actions being considered by the Risk Committee are ethical?
- A.
- B. Attempt to increase the level of insurance cover against this type of eventuality.
- C. Commission a reputable firm of structural engineers to carry out a review of all power stations owned by
- D. Issue a press release confirming that all R's power stations are "entirely safe".
- E. Draw up contingency plans in case some of R's power stations need to be shut down.
- F. Send experts employed by R to the site of the collapse so that they can gather information first hand on what happened.
- G. Decide that the information available to date is too uncertain to take any action for now.
Answer: C,E,F
NEW QUESTION 143
JNH is a major corporation that stores its customer database in the Cloud JNH has suffered a data breach that has led to customer credit card details being made available for sale on the internet JNH's Head of Security wishes to analyse network traffic at the cloud-based server in order to gain a better understanding of the manner in which the data was intercepted, but has been refused access.
Which of the following is the most likely explanation for the third-party owner's refusal to assist JNH's Head of Security?
- A. Admitting the breach would harm the reputation of the Cloud
- B. The Cloud is impregnable and so the breach must have been elsewhere
- C. The server will contain data belonging to other clients
- D. The network data will not have been stored by the server's owner
Answer: C
NEW QUESTION 144
DFG is the largest bridge-building company in its home country, H. DFG works exclusively for the government of country H and the government awards DFG 80% of the contracts to build new bridges.
DFG's directors are considering using the big data approach to identify opportunities to increase sales revenues and profit.
Which of the following statements are true?
- A. Big data has the potential to identify ways in which DFG can reduce construction costs.
- B. It would be unethical for DFG to use big data in order to compete even more effectively with its rivals.
- C. DFG should supplement its existing databases in order to enhance the benefit from big data.
- D. The big data approach may help DFG to price contract bids more accurately.
- E. Big data has the potential to identify ways in which DFG can increase sales.
Answer: A,C,D
NEW QUESTION 145
Which THREE of the following are principles of good corporate governance according to the UK Corporate Governance Code?
- A. Honesty
- B. Leadership
- C. Reliability
- D. Accountability
- E. Remuneration
Answer: B,D,E
NEW QUESTION 146
K Ltd is an on-line travel agency specialising in budget package holidays to a small number of popular locations. The holidays that it sells are made up of a "package" of flights, hotel accommodation and food. K Ltd's Finance Director is concerned that the company's scope of operation is too narrow and wishes to diversify.
Identify TWO actions that K Ltd should take immediately.
- A. Bulk book cruise accommodation and create a special package deal for retired couples.
- B. Expand the number of locations it currently serves.
- C. Review the customer base looking at feedback, repeat sales and single visit statistics.
- D. Re-image the locations it currently serves to make them more exotic and family friendly.
- E. Engage market researchers to look at future trends in holiday requirements.
- F. Set up a number of activity holidays; adventure, sports and trekking for example.
Answer: C,E
NEW QUESTION 147
H sells machinery and also associated services, such as advice and repairs. H's industry is going through considerable transformation.
Classify each of the examples of information available to H's management as strategic, operational or of having little value.
Answer:
Explanation:
NEW QUESTION 148
A UK based company is considering an investment of GB£1,000,000 in a project in the USA. It is anticipated that the following cash flows will arise from this project.
The cash flows will be either US$400,000 with a probability of 40% or US$700,000 with a probability of 60% for each of the next three years; remitted to the UK at the end of each year.
Currently GB£1.00 is worth US$1.30.
The expected inflation rates in the two countries over the next four years are 2% in the UK and 4% in the US.
Applying the Purchasing Power Parity Theory, which of the following represents the expected net present value of the project in GP£ (to the nearest whole pound)?
- A. GB£554,047
- B. GB£287,639
- C. GB£391,640
- D. GB£(111,973)
Answer: B
NEW QUESTION 149
X Company M has lost 25% of its revenue in the last three months due to bad debts. One of the receivables written off was from a long standing customer and the other three were from new customers. The management accountant has warned the sales team that the company cannot survive any more substantial bad debts.
Which of the following internal controls should be put in place to try and prevent further bad debts?
- A. Two sales staff must authorise new customers and sign a form stating that they have done so.
- B. As soon as a customer payment is overdue they should not be allowed to purchase more until their balance has been reduced.
- C. Credit limits should be set for all customers. However, if the credit limit will cost a sale then sales staff can override this limit.
- D. An aged analysis of customer balances must be reviewed every month.
- E. A credit check should be carried out on each new customer.
Answer: B,D,E
NEW QUESTION 150
The list below has duties performed by risk managers and internal auditors. Show who would carry out the duties assuming the company has both risk managers and internal auditors.
Answer:
Explanation:
NEW QUESTION 151
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?
- A. Professional behaviour
- B. Objectivity
- C. Professional competence and due care
- D. Integrity
- E. Confidentiality
Answer: A,B,D
NEW QUESTION 152
Which THREE of the following form part of the role of Internal Audit?
- A. Implementing internal controls which address the key business risks identified by the risk management team
- B. Carrying out special investigations of risk.
- C. Working with operational management teams to devise new controls to help minimise risk to the business.
- D. Monitoring the effectiveness of controls implemented by operational management
- E. Working with operational management teams to help identify risks to the business.
- F. Providing training to operational management on the identification of risk
Answer: D,E,F
NEW QUESTION 153
ABC produces fashion garments for sale m its chain of high street retail outlets.
Which THREE of the following activities would result m the organisation having to review its cyber security risks management program?
- A. ABC is introducing online shopping for certain limited ranges of clothing
- B. ABC's sales figures show strong seasonal bios
- C. ABC has announced year-on-year trading figures with 5% increase
- D. ABC has acquired an overseas garment manufacturer
- E. ABC is shipping the new season range of fashionwear to the retail outlets
- F. ABC is introducing a loyalty bonus store-card for regular shoppers
Answer: A,B,F
NEW QUESTION 154
Match the descriptions shown in the boxes below with the method of quantifying risk exposure it best describes.
Answer:
Explanation:
NEW QUESTION 155
A project has been evaluated on the basis that it will cost $22 million and will have a net present value of $4.3 million The project has commenced and $5 million of the $22 million has been invested. A problem has been discovered that will cost an additional $4.5 million to rectify. The $4.5 million will be payable immediately.
What is the NPV of continuing with this project?
- A. $1million
- B. -$5million
- C. $4.8million
- D. -$0.2million
Answer: C
NEW QUESTION 156
Which TWO of the following might create a good control environment?
- A. The Board has just issued an ethical code
- B. The Finance Director has just been given a place on the audit committee to increase the committee's financial knowledge
- C. Management has just revisited the annual budget and made it much harder to achieve in order to try and boost profits
- D. Managers have good job descriptions that define their roles in the organisation clearly
- E. Management did not have time to carry out all the staff appraisals this year but all staff have received a pay increase instead
Answer: A,D
NEW QUESTION 157
Match the descriptions shown in the boxes below with the method of quantifying risk exposure it best describes.
Answer:
Explanation:
NEW QUESTION 158
D has decided to invest in a new factory at a cost of $6,000,000. The discount rate of the project is 22% and the PV of tax shield is $80,000.
What is the IRR?
Give your answer to two decimal places.
Answer:
Explanation:
21.71%
NEW QUESTION 159
Assuming a company has both internal auditors and risk managers, indicate which of these would perform the duties listed below:
Answer:
Explanation:
NEW QUESTION 160
VBN's home currency is the V$. On 1 January, VBN must make a payment of C$2 million on 31 March of that same year.
On 1 January the spot exchange rate was V$1 = C$0.4.
On 1 January VBN paid $180,000 for a call option to buy C$2 million for V$5.5 million on 31 March. VBN's cost of borrowing was 8% per year.
On 31 March the spot rate was V$1 = C$0.45.
What was the total cost, including the cost of the option, of settling the payable?
- A. V$4.628 million
- B. V$5.684 million
- C. V$5.5 million
- D. V$4.444 million
Answer: A
NEW QUESTION 161
M is updating the risk register for KRW, a listed company. KRW is a large multinational corporation operation. Which THREE of the following statements are correct?
- A. The register should include all the risks to which KRW is exposed.
- B. Monetary value of risks should be allocated if possible.
- C. Probabilities of risks occurring should be included if possible
- D. Interdependencies between risks should be excluded.
- E. The register should include details of who is responsible for dealing with each risk.
Answer: A,C,E
NEW QUESTION 162
......
Cost of the CIMA P3: Risk Management Exam
The cost of the CIMA P3: Risk Management Exam is 300 US Dollars.
Pass Your P3 Exam Easily - Real P3 Practice Dump Updated Apr 08, 2023: https://easytest.exams4collection.com/P3-latest-braindumps.html
