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This updated CIMA P3 exam study material of ActualtestPDF consists of these 3 formats: CIMA P3 PDF, desktop practice test software, and web-based practice exam. Each format of ActualtestPDF aids a specific preparation style and offers unique advantages, each of which is beneficial for strong Risk Management (P3) exam preparation. The features of our three formats are listed below. You can choose any format as per your practice needs.

To prepare for the CIMA P3 exam, candidates must have a good understanding of risk management principles and practices. They must also have a solid grasp of financial and management accounting concepts, as well as the ability to analyze and interpret financial data. P3 exam consists of objective test questions and case studies, which require the candidate to apply their knowledge and skills to real-world scenarios. Overall, the CIMA P3 certification is an excellent choice for professionals who want to advance their career in risk management and demonstrate their expertise in this field.

CIMA Professional Qualification is a highly respected and globally recognised certification that is designed to equip finance and business professionals with the skills and knowledge they need to excel in their careers. One of the key modules of this qualification is the CIMA P3 (Risk Management) Certification Exam, which focuses on the effective management of risk within organisations.

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Another important aspect of the CIMA P3 Exam is its emphasis on risk reporting and communication. P3 exam focuses on the importance of effective communication in risk management, including how to report risks to stakeholders and how to communicate risk management strategies to different audiences. This not only helps students develop their communication skills but also enables them to build trust and credibility with stakeholders, which is critical for organizational success. Overall, the CIMA P3 Exam is an important module in the CIMA qualification, providing students with essential skills and knowledge needed to effectively manage risks in organizations.

CIMA Risk Management Sample Questions (Q94-Q99):

NEW QUESTION # 94
Passwords are frequently used to control access to computer systems.
Which of the following characteristics should a password have in order to make it effective?

A. Passwords should be written down in a secret place.
B. Passwords should be changed on a regular basis.
C. The strength of a password is increased by using upper and lower case and including numerals.
D. Passwords should contain 20 characters or more.
E. Passwords should never be shared.
F. Passwords should be short words or names that users will easily remember.

Answer: B,C,E

NEW QUESTION # 95
Which of the following statements concerning the use of balanced scorecards to measure divisional performance is correct?

A. Dysfunctional behaviour is impossible because divisional managers are evaluated on so many different decisions.
B. Contradictory and inconsistent targets prevent balanced scorecards being a useful tool for performance evaluation.
C. Dysfunctional behaviour is more difficult than under traditional reporting because a wide range of factors will be measured and reported.
D. The input for balanced scorecard reports comes from many sources so it is not possible to misrepresent performance.

Answer: C

NEW QUESTION # 96
DFG's call centre budgets four minutes for its operators to deal with a customer's enquiry and conclude the call. Team leaders are evaluated on the basis of the average call length.
Simone is a team leader. Her team's average call length is five minutes and 30 seconds. Simone accepts full responsibility. She encourages her team members to check that the customer is satisfied before concluding the call.
On investigation, it was discovered that 2% of the customers who dealt with Simone's team had to call DFG again within seven days. Other teams had an average of 25% of customers call back within seven days because their first call had not fully resolved their problem.
Which of the following statements are true?

A. Average call length should be replaced with the average rate of return calls as the primary performance measure for team leaders.
B. The use of average call length may be leading to dysfunctional behaviour.
C. Team leaders should be responsible for setting policy on performance measurement within the call centre.
D. It would be better to evaluate team leaders on the basis of multiple criteria.
E. Simone is in breach of call centre policy.

Answer: B,D,E

NEW QUESTION # 97
The internal audit department has just completed an investigation into the HR department's procedures relating to new staff appointments The head of HR is unhappy with the draft report prepared by the lead internal auditor The report lists several cases in which appointments were made despite the fact that one or more of the entity's formal procedures were not followed The head of HR has complained that the internal auditor's comments do not allow for the fact that the HR department's staff members are often very busy and do not always have time to conduct every check.
The internal auditor's comments also reflect a failure to complete documents None of the omissions have led to the appointment of an unsuitable member of staff Which TWO of the following statements reflect an appropriate response by the board of directors to this report?

A. The members of staff responsible for these omissions should be subjected to disciplinary action
B. Ignoring a compliance error altogether may undermine the control environment
C. The board should be seen to support the internal audit
D. The errors are immaterial because they did not lead to an inappropriate appointment
E. The procedures should be removed if the HR department staff believe that they are unnecessary

Answer: A,C

NEW QUESTION # 98
X has just set up a small public relations company. The company is growing last and already has eight employees. X"s accountant has said she needs to make sure she has good internal controls.
X disagrees and says that there are very few issues that could cause weaknesses in internal control in her type of business.
Which THREE of the following statements are correct?

A. A small business which has just started up does not need internal controls.
B. Only manufacturing companies need internal controls
C. Employees can try to circumvent internal controls
D. X ill usually be working in the office so there is no risk of any fraud. Therefore, the company does not need internal controls
E. internal controls could stop the company getting good new clients as it will slow down the process by having more checks in place
F. The employees may feel they are not trusted if more controls are put in place

Answer: C,E,F

NEW QUESTION # 99
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