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Quiz 2025 CIMA P3: Risk Management–High-quality Valid Test Pass4sure
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CIMA P3 Certification Exam is intended for individuals who wish to pursue a career in risk management or those who are already working in the field and wish to enhance their knowledge and skills. Candidates who successfully complete the exam are equipped to make informed decisions regarding risk management strategies, assess and manage risks, and develop risk management plans.
Pass Guaranteed Quiz 2025 CIMA P3: Marvelous Valid Risk Management Test Pass4sure
These mock tests are specially built for you to assess what you have studied. These Risk Management (P3) practice tests are customizable, which means you can change the time and questions according to your needs. Taking practice exams teaches you time management so you can pass the Risk Management (P3) exam. LatestCram's P3 practice exam makes an image of a real-based examination which is helpful for you to not feel much pressure when you are giving the final examination.
CIMA P3 exam is a challenging exam that requires a deep understanding of risk management principles and their application in real-world scenarios. It is designed to test the skills and knowledge of candidates in a variety of areas, including strategic risk management, operational risk management, and financial risk management. Candidates who successfully pass the CIMA P3 Exam will have demonstrated their ability to identify and manage risks effectively, making them valuable assets to any organization.
CIMA Risk Management Sample Questions (Q17-Q22):
NEW QUESTION # 17
L is a specialist deep sea diving company The company specialises in challenging tasks that are often rejected by other companies as being too risky Most assignments are difficult and some are very dangerous L has very experienced divers who are highly trained and are safety conscious In spite of the dangerous work, L has an excellent success rate and is highly sought after L charges very high fees for its work Despite L's precautions, the likelihood of accidents is high and the consequences are also high L has an excellent insurance which has always been very expensive but the price has just been increased by 40% Which of the following is correct?
- A. L should pay the very high insurance premiums demanded by its insurance company
- B. L should stop accepting these risky contracts.
- C. L should diversify into low risk diving contract s.
- D. L should cease trading
Answer: C
NEW QUESTION # 18
Select the most appropriate level of responsibility for managing each of the following risks.
Answer:
Explanation:
NEW QUESTION # 19
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. Economy Audit
- B. Compliance Audit
- C. Effectiveness Audit
- D. Efficiency Audit
Answer: C
NEW QUESTION # 20
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 # 21
E purchases parts for one of the machines it manufactures from Country X Place the risk classification next to the risk it relates to:
Answer:
Explanation:
NEW QUESTION # 22
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