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PRMIA 8004 Exam With Confidence Using Practice Dumps

Exam Code:
8004
Exam Name:
PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics
Certification:
PRM Certification
Vendor:
PRMIA
Questions:
110
Last Updated:
Aug 26, 2025
Exam Status:
Stable
PRMIA 8004

8004: PRM Certification Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the PRMIA 8004 (PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics) exam? Download the most recent PRMIA 8004 braindumps with answers that are 100% real. After downloading the PRMIA 8004 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the PRMIA 8004 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the PRMIA 8004 exam on your first attempt, we have compiled actual exam questions and their answers. 

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PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Questions and Answers

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Question 1

John Smith wants to run for election to the Board of Directors of PRMIA. To be nominated, he needs:

Options:

A.

The backing of three other members

B.

To go through a screening process conducted by the Nominations Committee

C.

The backing of 6% of local members

D.

The backing of five other members and to be serving on at least one PRMIA Committee

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Question 2

Barings Bank and Orange County have many similarities. Which of the following is NOT a similarity?

Options:

A.

Both relied on a star manger, supposedly in a low risk business.

B.

Both losses grew over time, but were not discovered by management until too late.

C.

Both traded in illiquid and obscure markets that were easy to manipulate.

D.

Both losses were eventually exposed by massive margin calls.

Question 3

A risk manager has just completed a risk assessment project. The report has been given to the risk manager's direct supervisor, who refuses to escalate the material issues raised in the report. Further, the direct supervisor edits the report to remove the section describing the material risk, who then submits it to the firm's Executive Committee.

According to the PRMIA Standards of Best Practice, Conduct and Ethics (Code of Conduct), which of the following actions is most appropriate:

Options:

A.

The risk manager has submitted the report to their direct supervisor and their obligation ends at this point, nothing further should be done

B.

The risk manager should attempt to resolve the conflict with the direct supervisor, but if that does not work, they should contact the Whistle-Blowing Hotline of the organization. If no such hot-line is in place, they should contact the PRMIA Ethics Committee

C.

Escalation of the issue is against the Code of Conduct because one should respect the administrative structure of the organization

D.

If the risk manager deems it appropriate, he / she should send a copy of the original report to the CEO

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