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CIMA P3 exam is an essential part of the CIMA Professional Qualification. It is designed to test candidates' knowledge and understanding of risk management principles and practices in a business setting. P3 exam aims to equip candidates with the skills and knowledge required to effectively identify, assess, and manage risks in an organization.

CIMA P3 exam covers a wide range of topics related to risk management, including risk identification, assessment, and response. It also explores the role of risk management in strategic planning and decision-making. P3 Exam is designed to test candidates' ability to apply risk management concepts and techniques in real-world scenarios, making it a valuable credential for professionals seeking to advance their careers in management accounting.

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CIMA P3 certification exam is an excellent choice for finance and accounting professionals who want to specialize in risk management. P3 exam covers a wide range of topics related to risk management and requires candidates to demonstrate their knowledge and skills in all these areas. Passing P3 Exam is a significant achievement that demonstrates the candidate’s expertise in risk management and enhances their career prospects.

CIMA Risk Management Sample Questions (Q91-Q96):

NEW QUESTION # 91
T has its computer facilities in a building adjacent to its headquarters Severe structural problems have been discovered with this building and T has been advised that the only option is demolition and rebuild This leaves T with strategic decisions to make about its IT provision and it has decided to investigate the outsourcing of its services Which TWO of the following factors should T consider as most important at this stage?

A. A supplier with a long history of providing outsourcing services
B. A supplier who can act as its agent in choosing the cheapest options
C. A supplier who can act as a partner in considering all its business needs
D. A supplier who has facilities conveniently located close to its headquarters
E. A supplier who provides a wide range of services

Answer: A,D

NEW QUESTION # 92
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. Engage market researchers to look at future trends in holiday requirements.
B. Bulk book cruise accommodation and create a special package deal for retired couples.
C. Review the customer base looking at feedback, repeat sales and single visit statistics.
D. Expand the number of locations it currently serves.
E. Re-image the locations it currently serves to make them more exotic and family friendly.
F. Set up a number of activity holidays; adventure, sports and trekking for example.

Answer: A,C

NEW QUESTION # 93
A capital investment project shows a NPV of £3,450 at a discounted rate of 8% and an NPV of £1,210 at a discounted rate of 9%.
What is the internal rate of return?

A. 9.54%
B. 10.85%
C. 11.85%
D. 10.54%

Answer: A

NEW QUESTION # 94
Select the most appropriate level of responsibility for managing each of the following risks.

Answer:

Explanation:

NEW QUESTION # 95
A junior sales clerk at BCD, a wholesale jewellers, received an email which appeared to be from a well known parcel delivery company informing her that a delivery had been attempted outside office hours and had consequently failed She was asked to click on a link and complete some seemingly innocent but logical questions to effect the delivery on the next day She thought no more about it but was very surprised the next month to be awarded salesperson of the month as her sales had doubled Unfortunately, on investigation it was found that this was as a result of several fraudulent orders for high-value items that had seemingly been placed by an existing customer but delivered to a new address, which turned out to be a temporary box number The existing customer's credit card had been fraudulently charged for these orders Which of the following types of cyber-attack had the sales clerk been a victim of?

A. Ransomware
B. Malvertising
C. Trojan
D. Botnets

Answer: B

NEW QUESTION # 96
......

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Lou Lee Lou Lee

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