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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:
Mar 12, 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

H sells machinery and also associated services, such as advice and repairs. H's industry is going through considerable transformation.

Classify each of the examples of information available to H's management as strategic, operational or of having little value.

Options:

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Question 2

J is a manager in charge of a section in GDD's Buying department. J has eight staff who report to her. Including M, who has worked for GDD for seven months.

One afternoon, while J was absent on sick leave, M was asked to place an urgent order for plastic pellets that are vital for GDD's production process. The usual supplier could not supply the pellets on time to avoid a shortage and so M telephoned a new supplier and placed an order. When the supplier invoiced for the delivery, GDD's Accounts Payable Department rejected the invoice because the supplier did not have a valid account.

On investigation, it was revealed that M did not have the authority to place an order with a new supplier. Only J can authorise new accounts. M claimed that he had been unaware of the need to seek approval because he had never found it necessary to place an order with a new supplier before

Which TWO of the following statements ate correct?

Options:

A.

GDD's Internal Audit Department should have cancelled the order.

B.

GDD's directors are ultimately responsible for M's error

C.

M should be disciplined for exceeding his authority

D.

should have made certain that M knew and understood the limits of his responsibility

E.

The investigation of this matter was a waste of time because the pellets were urgently required

Question 3

Which of the following is the major advantage of Cloud storage for an enterprise?

Options:

A.

It provides unlimited free use for the enterprise

B.

The enterprise has complete control over it

C.

in-house staff are not required to maintain the infrastructure

D.

Sharing storage space with others