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| Vendor: | CIMA |
|---|---|
| Exam Code: | CIMAPRO19-P03-1 |
| Exam Name: | P3 Risk Management |
| Exam Questions: | 276 |
| Last Updated: | November 21, 2025 |
| Related Certifications: | CIMA Professional Qualification |
| Exam Tags: | Intermediate Level Finance Managersrisk analysts |
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A patient has been prescribed a new medicine bytheirphysician. The medicine is accompanied by a leaflet describing potential adverse effects associated with taking it. Most of these potentially adverse effects are trivial, but the leaflet states thatthreepatients in every 10,000 who take the medicine suffer a severe reaction requiringurgent medical attention.
Which of the following statements is true?
The safety guard on a piece of equipment was broken. The factory manager suspended an operator who refused to operate the equipment until it was repaired.The factory manager paid another operator a bonus for operating the damaged equipment until the safety guard could be repaired.
What does this incident say about the control environment within that factory?
Rio owns an architects business which employs 12 skilled architects and four administrative staff.
TheOfficeManagerhas just attended a workshop on internal controls and the way in which they can improve organisations. He intends to implement some internal controls as soon as possible.
What are the limitations of an internal control system in Rio's business?
C is a large international supermarket chain. It has many thousands of suppliers and many thousands of potential suppliers competing for shelf space m its supermarkets.
Which of the following provisions would be appropriate for C to include m its ethical code in relation to its suppliers?
Select ALL that apply
A consultancy firm has many overseas clients The firm's staff are responsible for booking travel and accommodation through an independent travel agent who invoices the firm. There are strict rules governing bookings Staff at all levels must book economy class airfares unless the scheduled flight time is greater than eight hours, in which case they can book a business class seat Hotel accommodation should cost less than $300 per night
One of the firm's directors is visiting the consultancy team responsible for a large overseas project The director flew business class, even though the flight took only five hours The director is booked into an executive suite at an expensive hotel at a cost of $900 per night
Which TWO of the following statements concerning the director's behavior are correct?
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Satisfied Customers
Committed Service
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