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The CIMA P3 (Risk Management) Certification Exam is a valuable certification for professionals who want to develop their risk management skills and obtain recognition for their expertise. It is a globally recognized certification that covers various topics related to risk management and is suitable for professionals who have experience in risk management, finance, or accounting. The exam is structured in two parts and is designed to test a candidate's ability to apply risk management concepts to real-life scenarios.

CIMA Risk Management Sample Questions (Q119-Q124):

NEW QUESTION # 119
G plc has decided to move its production plant to overseas Country A.
This would make the product cheaper to produce. The technology used to make the product is very advanced and some of the staff would have to move to Country A.
The Production Director has identified that there are some political risks in moving to Country A.
Match the methods of reducing the political risks associated with the move to Country A with the corresponding risks.

Answer:

Explanation:

NEW QUESTION # 120
CVB is a major chain of pharmaceutical retailers that is quoted on its home stock exchange.
CVB's Chief Executive Officer (CEO) persuaded a former school friend to join CVB's Board as Non-executive Chair It is not widely known that the two have been lifelong friends. The Chair tends to defer to the CEO on all matters arising at Board meetings Which of the following statements are correct?
Select ALL that apply.

A. The Chair should have declared an interest and refused this appointment
B. There will be a major corporate scandal relating to CVB
C. CVB's shareholders are likely to be misled over the quality of governance
D. The presence of the other non-executives will ensure sound governance
E. This friendship does not matter because the CEO and Chair would become friends anyway

Answer: A,C

NEW QUESTION # 121
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

A. C shall keep confidential all information received from suppliers and potential suppliers
B. C shall endeavour to adhere to the terms of its contracts with its suppliers at all times
C. C shall insist on an exclusivity agreement with each supplier so that identical products are not available from other outlets
D. C shall endeavour to take as high a percentage of each supplier's output as possible
E. Cshall continuously remind suppliers that it always has several alternative suppliers to choose from.
F. C shall not use its buying power unscrupulously.

Answer: A,B,F

NEW QUESTION # 122
Company H operates a fleet of lorries. The Internal Auditor recently conducted an investigation into the transport needs of the company. Their report recommended that the lorries be disposed of, the drivers made redundant, and the distribution of the company's products be outsourced.
The type of investigation carried out by the Internal Auditor is best described as a:

A. Compliance Audit
B. Economy Audit
C. Efficiency Audit
D. Effectiveness Audit

Answer: D

NEW QUESTION # 123
UIO designs clothes and pays third parties to manufacture them A recent television programme showed that two of the factories used by UIO were employing illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant and dangerous conditions. These factories were located in a developed country with strong labour laws Classify each of the following statements as true or false:

Answer:

Explanation:

NEW QUESTION # 124
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