CIMA P3 Risk Management Dumps Questions Answers

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CIMA P3- Risk Management
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umps.html
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What is Risk Management ?

• Risk management is the process of identifying,
  quantifying, and managing the risks that an
  organization faces. As the outcomes of business
  activities are uncertain, they are said to have
  some element of risk.  These risks include
  strategic failures, operational failures,
  financial failures, market disruptions,
  environmental disasters, and regulatory
  violations. Risk is a statistical concept that is
  measured using statistical concepts that are
  related to the unknown future. Almost all
  investments are exposed to it. 

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Sample Question No 1
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
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Sample Question No 2
VBN's home currency is the V. On 1 January, VBN
must make a payment of C2 million on 31 March of
that same year. On 1 January the spot exchange
rate was V1 C0.4. On 1 January VBN paid
180,000 for a call option to buy C2 million for
V5.5 million on 31 March. VBN's cost of
borrowing was 8 per year. On 31 March the spot
rate was V1 C0.45. What was the total cost,
including the cost of the option, of settling the
payable? A. V4.628 million B. V5.684
million C. V4.444 million D. V5.5
million Answer A
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Sample Question No 3
Arguments in favour of a strategic
approach? Strategy helps minimise risk
Avoids short-term behaviour Improves
stakeholder perceptions Encourages
environmental analysis e.g. critical to react to
change Evidence indicates performance can be
improved using strategic approaches
Integration and coordination of activities and
processes
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Sample Question No 4
Arguments against a strategic approach?
Difficult to plan when environment changing,
uncertain or complex Encourages
conformity' stifling innovation e.g. the
corporate straightjacket Infrequently reviewed
e.g. chosen long-term strategy may not keep pace
with change Implementation often managed poorly
Rational planning a complex methodology and
costly for small businesses
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Sample Question No 5
The rational planning process Advantages?
For transformational or radical change Copes
with the uncertain future by providing
long-term plans Helps integrate and coordinate
complex organizations
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