CIMA P3 Exam With Confidence Using Practice Dumps

Internal controls are only suitable for large businesses.

Employees could ignore the internal controls.

If Rio does not support the internal control system then the controls may not be adhered to.

Internal controls may slow down the speed with which the architects can respond to enquiries.

Internal controls will usually mean hiring more staff.

Value at risk analysis, which has become available through increased computing power, is now easier to implement and can cater for extreme market conditions.

Monte Carlo analysis is a modelling technique which can be applied to financial analysis, allowing thousands of variables to be integrated together to show standard behaviours and outlier abnormalities requiring detailed understanding in a 'what if?' environment.

Sensitivity analysis involves checking the performance of a financial risk model against the various interrelationships between the different input variables in the model.

Simulation, which is becoming available through standard computing packages, is complex to implement but dynamic and adaptable to cater for different assumptions.

Regression analysis is easy to understand and implement, and based on future expectations.

Do nothing, this is a good cause and the amount is insignificant.

Instigate disciplinary action, this is both theft and poor management.

Instigate a confidential, but documented, review with the Production Manager and tell him to stop.

Instigate a review of the production process to potentially reduce the amount of wastage.

Instigate a process whereby edible but unsellable items can be given to the charity officially.