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Posted 2023-04-07 09:14:40

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Introduction to CIMA P3: Risk Management Exam

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The CIMA P3 (Risk Management) Certification Exam is a professional certification exam that tests the knowledge and skills of individuals in the field of risk management. The exam is designed for individuals who want to enhance their understanding of risk management principles, tools, and techniques, and want to apply these skills in their professional lives. The exam is also suitable for individuals who are interested in pursuing a career in risk management, as it provides a comprehensive understanding of the subject matter.

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The importance of risk management cannot be overstated in today's business environment. Organizations face a wide range of risks, from financial and operational risks to strategic and reputational risks. Effective risk management is essential for businesses to succeed, and the CIMA P3 exam is designed to ensure that candidates have the skills and knowledge necessary to manage risks effectively. By passing this exam, candidates demonstrate their ability to contribute to the success of their organization by identifying and mitigating risks that could impact its performance.

CIMA Risk Management Sample Questions (Q255-Q260):

NEW QUESTION # 255
Which of the following summarises Purchasing Power Parity Theory (PPPT)?

A. The difference between the interest rates in the two countries is equal to the differential between the spot and the forward exchange rate for the currency in the two countries.
B. Government intervention cannot affect the inevitable rise or fall of its currency in the short-term.
C. The difference between the spot and the forward exchange rates is equal to the differential between the inflation rates in the two countries.
D. PPPT predicts that the country with the lower inflation rate will see the currency devalue accordingly.

Answer: C

NEW QUESTION # 256
A government department is conducting a value for money audit on a school.
The school's pupils sit leaving exams. Classify each of the audit tests as either economy and efficiency or effectiveness.

Answer:

Explanation:

NEW QUESTION # 257
SQH manufactures mobile phones SQH's Board is currently undertaking a long-term planning exercise as part of the process of strategy development The Board is considering expanding the number of countries it currently exports products to.
Which THREE of the following could cause difficulty in forecasting accurately'?

A. Competitors will have a better understanding of potential new markets
B. Rapidly changing mobile phone technology.
C. Pressures on management to achieve short-term results
D. Currency changes in new and existing markets
E. Long-term trends may be difficult to predict in this market

Answer: B,D,E

NEW QUESTION # 258
Which THREE of the following are principles of good corporate governance according to the UK Corporate Governance Code?

A. Remuneration
B. Honesty
C. Leadership
D. Reliability
E. Accountability

Answer: A,C,E

NEW QUESTION # 259
V buys vegetables and fruit from three farms located in a different part of V's country and sells them to large supermarket chains.
A recent newspaper magazine had an article on these farms showing that the farms employ illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant conditions. They are forced to live in small overcrowded caravans with no running water. They are also given meals which are cold and poor quality. These farms are located in a developed country with strong labour laws.
Classify each of the following statements as true or false.

Answer:

Explanation:

NEW QUESTION # 260
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