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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 13, 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

CH makes a popular type of chocolate bar The bars are made on a production line and are scanned for size and shape as they move along the line Wrong sized and misshapen bars are rejected as being poor quality. The scanner detects 90% of poor quality bars. If CH wants to reduce the risk of poor quality bars being sold to the public it can add a further check by a person scanning the production line as well. this check would detect 80% of poor quality bars

If the further check was implemented what percentage of poor quality bars would still get through the checking process?

Options:

A.

7.2%

B.

10%

C.

30%

D.

2%

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Question 2

Company H operates a fleet of lorries. The Internal Auditor recently conducted an investigation into the transport needs of the company. Their report recommended that the lorries be disposed of, the drivers made redundant, and the distribution of the company's products be outsourced.

The type of investigation carried out by the Internal Auditor is best described as a:

Options:

A.

Compliance Audit

B.

Economy Audit

C.

Efficiency Audit

D.

Effectiveness Audit

Question 3

Which of the following are objectives of the audit planning procedure?

Options:

A.

To work out the time and resources required for the audit.

B.

To perform substantive tests.

C.

To work out how audit evidence will be obtained.

D.

To perform analytical review to identify possible areas for investigation.

E.

To set out how audit objectives will be achieved.