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The CIMA P3 exam covers various topics such as risk identification, assessment, and evaluation, risk response, risk monitoring, and control, and risk reporting and communication. Candidates are also required to have a good understanding of the regulatory and legal frameworks related to risk management.

The CIMA P3 exam covers various topics such as risk identification and assessment, risk response, risk monitoring and review, and risk governance. Additionally, candidates will learn about the different types of risks that organizations face, such as strategic, financial, operational, and reputational risks. The CIMA P3 Exam is a comprehensive assessment that requires candidates to demonstrate their knowledge of risk management principles and practices. Passing the exam is a testament to the candidate's proficiency in managing risks and their ability to apply these skills to real-world scenarios.

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CIMA P3 exam is designed for professionals who are interested in developing their skills and knowledge in risk management, and for those who want to expand their career opportunities in this field. P3 exam requires the student to possess a solid foundation in management accounting, as well as a thorough understanding of the current business environment. P3 Exam is a great way to demonstrate to employers that you have the skills and knowledge necessary to manage risks in a corporate environment.

CIMA Risk Management Sample Questions (Q211-Q216):

NEW QUESTION # 211
Which of the following are the Committee of Sponsoring Organisations (COSO) key principles of enterprise risk management?
Select ALL that apply.

A. A comprehensive and holistic approach to risk management
B. Consideration of risk management in the context of business strategy
C. Risk management is the responsibility of the risk committee
D. The creation of a risk aware culture
E. Consideration of the main risk only which is financial risk

Answer: A,B,D

NEW QUESTION # 212
DFG is the largest bridge-building company in its home country, H.
DFG works exclusively for the government of country H and the government awards DFG 80% of the contracts to build new bridges.
DFG's directors are considering using the big data approach to identify opportunities to increase sales revenues and profit.
Which of the following statements are true?

A. Big data has the potential to identify ways in which DFG can reduce construction costs.
B. DFG should supplement its existing databases in order to enhance the benefit from big data.
C. It would be unethical for DFG to use big data in order to compete even more effectively with its rivals.
D. Big data has the potential to identify ways in which DFG can increase sales.
E. The big data approach may help DFG to price contract bids more accurately.

Answer: A,B,E

NEW QUESTION # 213
A US company has to pay £500,000 for a new machine.
You have the following information on currencies.
EUR 1 = £1.2300
EUR 1 = USD 1.6200
What is the cost of the machine in USD?
Give your answer to the nearest $.

Answer:

Explanation:
$658501, $658537

NEW QUESTION # 214
CVB is a major chain of pharmaceutical retailers that is quoted on its home stock exchange.
CVB's Chief Executive Officer (CEO) persuaded a former school friend to join CVB's Board as Non-executive Chair It is not widely known that the two have been lifelong friends. The Chair tends to defer to the CEO on all matters arising at Board meetings Which of the following statements are correct?
Select ALL that apply.

A. CVB's shareholders are likely to be misled over the quality of governance
B. This friendship does not matter because the CEO and Chair would become friends anyway
C. The Chair should have declared an interest and refused this appointment
D. The presence of the other non-executives will ensure sound governance
E. There will be a major corporate scandal relating to CVB

Answer: A,C

NEW QUESTION # 215
Select the correct ethical principle that corresponds to each ethical dilemma described.