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How To Pass Cima P3 Exam Question Dumps In First Attempt - Cimadumps.com

A team of experts is deployed at Cimadumps.com for creating helping stuff for candidates of IT exams. They produced Cima P3 dumps for Cima P3 exam which has received very good feedback. They keep on updating it according to the exam format. This smart study book contains a bundle of questions with exact description of the topics. You can easily understand the concepts that are considered difficult. Cima P3 questions and answers can give you in-depth understanding of each concept that is to be tested in the final exam. Thatu2019s why, you get money back guarantee with passing surety. We honour everything you put for preparation with us. All the exam updates will reach you through our platform. After perusing Cima P3 exam information, Online Practice Test will augment the level of your competence by boosting your performance. <br>https://www.cimadumps.com/p3-risk-management.html

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How To Pass Cima P3 Exam Question Dumps In First Attempt - Cimadumps.com

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  1. CIMAP3Risk Management Cima-p3-exam-dumps

  2. Strategic level P3 shows how to identify, evaluate and manage various risks that could adversely affect the implementation of the organisation’s strategy. It provides the competencies required to analyse, evaluate and apply the techniques, processes and internal control systems required to manage risk. This insight is then used to manage the risks associated with both cash flows and capital investment decisions – two important areas of organisational life for which the finance function is responsible • Cima-p3-exam-dumps

  3. Weight Syllabus topic • 20% A. Identification, classification and evaluation of risk • 20% B. Responses to strategic risk • 20% C. Internal controls to manage risk • 20% D. Managing risks associated with cash flows • 20% E. Managing risks associated with capital • Cima-p3-exam-dumps

  4. Question : 1 K Ltd is an on-line travel agency specialising in budget package holidays to a small number of popularlocations. The holidays that it sells are made up of a "package" of flights, hotel accommodation andfood. K Ltd's Finance Director is concerned that the company's scope of operation is too narrow andwishesto diversify. Identify TWO actions that K Ltd should take immediately. A. Set up a number of activity holidays; adventure, sports and trekking for example. B. Bulk book cruise accommodation and create a special package deal for retired couples. C. Expand the number of locations it currently serves. D. Re-image the locations it currently serves to make them more exotic and family friendly. E. Review the customer base looking at feedback, repeat sales and single visit statistics. F. Engage market researchers to look at future trends in holiday requirements. • Cima-p3-exam-dumps Answer: E, F

  5. Question : 2 Which of the following statements are correct? A. It is always possible to remove all risks when undertaking large projects. B. If a project has high risks it should always be accepted as the rewards will always be high. C. If a project has low risks it will usually have relatively low returns. D. Risk can always be transferred to someone else. E. Risk should be carefully considered when evaluating possible future projects. Answer: C, E • Cima-p3-exam-dumps

  6. Question : 3 D is a large oil refinery. The managers have identified four risks shown in the risk map below: Which of the risk mitigations listed below would be the best for dealing with the two risks classified as medium likelihood and high impact? A. Accept B. Reduce C. Transfer D. Avoid Answer: C • Cima-p3-exam-dumps

  7. Question : 4 Which of the following are true of an effective risk management culture? A. Staff should be penalised for being associated with negative events. B. All risk should be eliminated. C. Responsibility for risk management should be devolved to a risk manager. D. All staff should be aware of risks affecting the entity. E. Risk management should be regarded as part of the overall business strategy. F. The directors should take an active interest in risk management. Answer: D, E, F • Cima-p3-exam-dumps

  8. Question : 5 K is a large mining company. In its risk report it states that there is a risk of accidents and injury because of the nature of the industry. It states that it has staff training in place and complies with all Health and Safety regulations but in spite of this there will still be a residual risk that accidents and injuries may occur. Which of the following statements are correct? A. The shareholders should not invest because there is still a residual risk. B. The directors are avoiding their responsibilities by saying there is a residual risk. C. Some risks cannot be eliminated. D. Accepting a residual risk does not imply the company is reckless. E. Most companies in this industry will say something similar in their risk report. Answer: C, D, E • Cima-p3-exam-dumps

  9. CIMP3Risk Management • Cima-p3-exam-dumps

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