Free CIMA CIMAPRA19-P03-1-ENG Exam Questions
Absolute Free CIMAPRA19-P03-1-ENG Exam Practice for Comprehensive Preparation
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CIMA CIMAPRA19-P03-1-ENG Exam Questions
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Provided By: CIMA
- Exam: P3 Risk Management (Online)
- Certification: CIMA Professional Qualification
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Total Questions: 276
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Updated On: Jan 14, 2025
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Rated: 4.9 |
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Online Users: 552
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Question 1
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Which TWO of the following scenarios should be considered in strategic scenario planning by a publishing company that specialises in academic textbooks?
Answer: B,C
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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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Question 2
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Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA)as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR)future would be better.
Which of the following is true of an STIR?
Answer: B
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Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA)as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR)future would be better.
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Question 3
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You are theManagementAccountant for a company which supplies baked food to a string of retail outlets; biscuits, cakes, savoury snacks etc.
You discover that a trainee employee, who is responsible for cleaning out the delivery vans has been taking damaged goods and packets which have reached their sales expiry date and has been selling them to friends. These products would otherwise have been discarded as waste.
The trainee in question is the nephew of one of the senior managers.
What is the correct course of action?
Answer: C
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You are theManagementAccountant for a company which supplies baked food to a string of retail outlets; biscuits, cakes, savoury snacks etc.
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Question 4
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C is a large international supermarket chain. It has many thousands of suppliers and many thousands of potential suppliers competing for shelf space m its supermarkets.
Which of the following provisions would be appropriate for C to include m its ethical code in relation to its suppliers?
Select ALL that apply
Answer: A,B,D
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C is a large international supermarket chain. It has many thousands of suppliers and many thousands of potential suppliers competing for shelf space m its supermarkets.
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Question 5
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MNBis a multinational IT company with headquarters in Asia and with operations in all continents.
MNBisattempting toexpand its operations in Europe. This is seen as a major challenge as the European market is very well developedand highly competitive.
MNBdevelopsandmanufacturesits own products. Parts and assemblies aresourced across Asia, America and Europe. These are sometimes purchased locally as a condition of a contract, but MNB aims to include as much of its own equipmentas possible. Transfer pricesbetween MNB's subsidiariescan be set in YEN, USD, EURO, GBP. Transfer prices are revised every month in line with production times as most goods are made on short order with sales cycles running at 3-4 months.
What types of risk are being presented here?
Answer: A,B,C
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MNBis a multinational IT company with headquarters in Asia and with operations in all continents.