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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:
Jan 18, 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

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

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Question 2

DBB is a mining company. The company's business requires manners to work underground in hazardous conditions DBB takes every possible precaution to protect the safety and wellbeing of its miners, but that does not prevent the occurrence of four or five serious injuries every year. That number is small in relation to the many thousands of owners employed by DBB.

DBB's Board is preparing a risk map Most directors believe that injuries to miners should be classified as high Likelihood and high impact, which Is a category of risk that should be avoided according to the TARA framework One of the directors has suggested that the risk should be classified as low likelihood and high impact because that would move the risk into the quadrant associated with transference or sharing and so could be draft with by, say, insurance

Which TWO of the following are correct?

Options:

A.

it is unlikely that DBB will be able to transfer the risk of these injuries by insurance.

B.

The fact that there are very few accidents supports the argument that the likelihood

C.

The director's recommendation that the risk should be reclassified will make the risk map more useful

D.

Risk maps enable companies to identify the correct migration for any given risk

E.

Discussing likelihood and impact will help DBB's Board to mitigate the risk of industrial inquiry

Question 3

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.