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CIMA P3 Exam With Confidence Using Practice Dumps

Exam Code:
P3
Exam Name:
Risk Management
Certification:
Vendor:
Questions:
339
Last Updated:
Dec 10, 2025
Exam Status:
Stable
CIMA P3

P3: CIMA Strategic Exam 2025 Study Guide Pdf and Test Engine

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Risk Management Questions and Answers

Question 1

ZZ is a data security company that is responsible for cyber security m a large shopping mall 21 uses Network Configuration Management (NCM) to assist it in meeting the various needs of the mall's user community.

Which THREE of the following are advantages provided by NCM?

Options:

A.

NCM allows ZZ to prevent data corruption for different user groups in the mall

B.

NCM allows ZZ to provide different service levels for different user groups in the mall

C.

NCM allows ZZ to segregate traffic for different user groups in the mall

D.

NCM allows ZZ to prevent scanners being used on the public WiFi for different user groups in the mall

E.

NCM allows ZZ to restrict traffic for different user groups in the mall

F.

NCM allows ZZ to stop malware from being spread for different user groups in the mall

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Question 2

D plc is a public relations company. Shares in D plc have recently been listed on the UK stock exchange.

D plc has an internal audit department that reports to the Chief Executive Officer (CEO). The CEO is considering outsourcing internal audit to an audit firm, which would not be the firm that conducts D plc's external audit.

Identify THREE advantages to D plc of outsourcing internal audit in this way.

Options:

A.

Doing so may improve independence.

B.

Decisions relating to internal audit can be based solely on cost.

C.

Internal audit will have a better understanding of D plc's objectives and culture.

D.

Specialist skills may be more readily available.

E.

Risk of staff turnover is passed to the outsource company.

Question 3

J plc is a wholesale building supply business. It has a large warehouse where some of its materials are stored. Last month three accidents occurred where employees were slightly injured whilst moving items from the 5th shelf. The 5th shelf is located 15 metres up from the ground.

This is a health and safety risk and could also be a reputation risk in the longer term.

Which of the following risk mitigations should the company employ?

Options:

A.

Transfer by insuring against this risk.

B.

Reduce by storing some items on the first three shelves and storing other items outside.

C.

Accept by just accepting this is a risk the company has to take and some employees may get injured.

D.

Avoid by sending the employees on a training course on Health and Safety.