This page was exported from Top Exam Collection [ http://blog.topexamcollection.com ] Export date:Thu Apr 3 18:07:48 2025 / +0000 GMT ___________________________________________________ Title: CIMA P3 Exam Questions (Updated 2024) 100% Real Question Answers [Q63-Q78] --------------------------------------------------- CIMA P3 Exam Questions (Updated 2024) 100% Real Question Answers Pass CIMA P3 Exam Quickly With TopExamCollection NO.63 Select the correct ethical principle that corresponds to each ethical dilemma described. NO.64 THG is a quoted company that manufactures expensive clothes that are sold to upmarket department stores THG’s Board has commissioned a stress test to identify the impact of strategic risks The consultant who is conducting the test is currently investigating the impact that a 1 % increase in interest rates would have on THG.Which TWO of the following are valid reasons for including an increase in interest rates in the stress test?  Stress testing was first developed for bank supervision.  THG might change its prices if interest rates rise  Many of the retailers who resell THG’s clothes are highly geared  THG is highly geared.  Interest rates affect consumers’ disposable income NO.65 An internal auditor has just completed an investigation into human resource (HR) procedures in the Springtown branch of IUY The Springtown branch is too small to have its own full-time HR staff All HR work is undertaken by the Branch Manager, assisted by the Branch Administrator The internal auditor has discovered a number of problems with branch HR records. These are due to a misunderstanding of the regulations by the Branch Manager and the Branch Administrator, neither of whom has any specific HR training The Branch Manager has asked that the problems be omitted from the internal audit report because they were due to a lack of training and will be rectified immediately Which TWO of the following actions should the internal auditor take with regard to the audit report on the Springtown Branch?  Omit the problems from the report, but recommend that the Branch Manager and Branch Administrator should both receive HR training  Document the changes that are required at the branch in the audit report and set a time for a return visit to review the changes  Describe the problems encountered at the branch in detail and recommend that disciplinary action be taken against the Branch Manager.  Expand the report to develop it into a description of lUY’s HR procedures, but tailored to the needs of the Springtown Branch.  Include the Branch Manager’s claim that the HR problems are due to a lack of HR training in the report NO.66 Which of the following are true of an effective risk management culture?  Staff should be penalised for being associated with negative events.  All risk should be eliminated.  Responsibility for risk management should be devolved to a risk manager.  All staff should be aware of risks affecting the entity.  Risk management should be regarded as part of the overall business strategy.  The directors should take an active interest in risk management. NO.67 The managers of a company are agents for the shareholders tasked with increasing shareholders’ wealth.Which of the following will usually increase shareholders’ wealth?  Investing in projects with the shortest payback period.  Investing in projects with positive net present value.  Investing in projects with the greatest level of risk.  Not paying a dividend for several years in order to invest in new projects. NO.68 Which of the following statements are true of economic risk?  Economic risk is easy to measure  Economic risk may be caused by international trade  Economic risk is something which cannot be avoided  Economic risk is influenced by many factors NO.69 HJK is a publishing company that employs several hundred staff A member of the company’s IT Security Department contacted 30 members of HJK’s staff selected at random, and told each one that his or her computer appeared to be infected with a virus The staff members were asked to provide their login details and corporate passwords so that IT Security could remove the virus remotely A total of six members of staff provided this information.Which TWO of the following statements are correct?  HJK’s entire staff should be informed of the investigation and of the disappointing fact that six members of staff handed over their logins and passwords  The investigation should be repeated in the future on a different sample of staff, using other reasons for asking for logins and passwords  HJK’s response should be limited to briefing the six staff members on their error and ensuring that they change their passwords.  It was acceptable for the staff to surrender their details because the request had actually been made by members of HJK’s IT Security Department.  It was unethical for HJK’s IT Security Department to contact staff in this manner, lying about the suspected presence of a virus in order to provoke a response. NO.70 ABC has recently appointed a Chief Information Officer who has announced that he wants to start a major clean up starting with all desktop and laptop equipment.Which THREE of the following measures should be adopted to help enhance security’?  Make an employee of the month award for whoever spots the most bogus emails.  Issue a corporate policy on email use  Make security training available to anyone who wants it.  Set up a hot line in the service desk for any security queries.  Automate anti-virus update processes so they cannot be avoided  instruct all staff not to click on any links in emails from anyone outside the company NO.71 Select the most appropriate level of responsibility for managing each of the following risks. NO.72 A large, publicly funded university is considering introducing a new information system in order to enhance its ability to store and retrieve academic records for past and current students, including the registration and deregistration of students.In conducting an evaluation of the system, which THREE features would the management of the college be most likely to consider as essential prerequisites to implementation?  The system has the capacity to deal with all existing records and all new records to be created in the foreseeable future.  The system is capable of being run in parallel with the current system so as to have the opportunity to examine and overcome any unforeseen difficulties that might arise.  The system has been demonstrated to operate with a degree of accuracy at least as good as the existing system and as good as that used by similar universities.  The system can link seamlessly with the system used by the university for processing financial transactions and producing financial statements.  All information on the system can be accessed easily from outside the university through the internet. NO.73 Move the category of risk to the box beside the risk description it best matches. NO.74 XYZ is a large supermarket chain which has engaged in online shopping and home delivenes It has a 24/7 service which runs on a central server allowing its customers to input orders at any time XYZ runs a card loyalty scheme which is hosted on the central server All transactions, whether shop based or on-line, create an update on the central database on the central server Which THREE of the following types of Personally Identifiable Information (Pll) will XYZ have to hold for its customers?  Name  Credit card details  Date of Birth  XYZ Customer identification  Address NO.75 B uses a balanced scorecard to monitor the performance of its divisions.Classify each of the following decisions taken by a division’s management team as either commercially sound or dysfunctional. NO.76 Return on capital employed (ROCE) can be a useful measure of divisional performance. For which of the following types of company is ROCE likely to be most appropriate?  Companies in which there is extensive investment in intellectual property and intangible assets, such as brands and trade marks.  Companies in which there is extensive investment in physical assets, such as plant and machinery, with divisions which undertake broadly similar activities.  Companies which have been created by extensive acquisition and merger activity and include divisions engaged in a variety of activities.  Companies in the not-for-profit sector. NO.77 IOP manufactures aircraft engines. The company is presently engaged in a scenario planning exercise to consider the implications of a possible ban on the use of fossil fuels by the year 2040.Which TWO of the following would be realistic responses to the scenario?  Work with politicians to discredit the proposed restrictions on the use of fossil fuels  Commission research into the development of battery-powered aircraft  Adapt existing engine designs so that they can use plant-based fuels, such as vegetable oils  Dispose of manufacturing plant and move into more sustainable transport, such as electric trains  Develop more efficient engines that minimise the use of fossil fuels NO.78 The internal audit department should always give a report at the end of its audit. This report is intended to be useful and help the company going forward. The report should always include any recommendations for improvements. Which of the following statements are true and which are false?  Loading … Real CIMA P3 Exam Questions [Updated 2024]: https://www.topexamcollection.com/P3-vce-collection.html --------------------------------------------------- Images: https://blog.topexamcollection.com/wp-content/plugins/watu/loading.gif https://blog.topexamcollection.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2024-03-05 10:38:42 Post date GMT: 2024-03-05 10:38:42 Post modified date: 2024-03-05 10:38:42 Post modified date GMT: 2024-03-05 10:38:42