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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:
Jul 31, 2026
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

B is a small retail bank that offers customers many on-the services B is keen to ensure sound security both to protect the bank's assets and also to safeguard customer privacy

B's IT Security Manager has suggested that the bank should use two phase authentication for access to the on-line systems

Which TWO of the following are examples of two phase authentication?

Options:

A.

Customers first input a password and then receive an access code via email or text message that also has to be input

B.

Customers first input a password and then use a card or token to gain access

C.

Customers must input a valid user name and then input a password user name first input a password and then a pin number

D.

Customer passwords must contain both letters and numbers and must be changed regularly.

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Question 2

L is a specialist deep sea diving company The company specialises in challenging tasks that are often rejected by other companies as being too risky Most assignments are difficult and some are very dangerous L has very experienced divers who are highly trained and are safety conscious In spite of the dangerous work, L has an excellent success rate and is highly sought after L charges very high fees for its work Despite L's precautions, the likelihood of accidents is high and the consequences are also high L has an excellent insurance which has always been very expensive but the price has just been increased by 40%

Which of the following is correct?

Options:

A.

L should cease trading

B.

L should pay the very high insurance premiums demanded by its insurance company

C.

L should diversify into low risk diving contract s.

D.

L should stop accepting these risky contracts.

Question 3

HBN is a service company that offers cloud-based data storage and management on behalf of clients HBN pays an independent accountancy firm to review its cybersecurity arrangements, conduct penetration tests and report to HBN's Board on the results

Which TWO of the following are correct?

Options:

A.

Potential clients for HBN's services will expect to receive copies of these independent reports immediately after they are submitted.

B.

The independent accountancy firm will disclose all of the shortcomings that it identifies in its report, even if they embarrass HBN

C.

HBN could save time and reduce cost by having its own internal audit department conduct these investigations and report accordingly.

D.

It would prove simpler for HBN to permit clients to conduct their own cybersecurity reviews that would take account of the sensitivity of their data

E.

The independent accountancy firm will guarantee that there are no control weaknesses in HBN's systems, provided its results prove satisfactory