Free CIMAPRA19-P03-1 Exam Braindumps
P3 Risk Management (Online) Questions 226–230 (page: 28)

Updated On: 1-Feb-2026

Which of the following are the Committee of Sponsoring Organisations (COSO) key principles of enterprise risk management?
Select ALL that apply.

  1. Consideration of the main risk only which is financial risk
  2. The creation of a risk aware culture
  3. Risk management is the responsibility of the risk committee
  4. Consideration of risk management in the context of business strategy
  5. A comprehensive and holistic approach to risk management

Answer(s): B,D,E



IOP manufactures aircraft engines. The company is presently engaged in a scenario planning exercise to consider the implications of a possible ban on the use of fossil fuels by the year 2040.
Which TWO of the following would be realistic responses to the scenario?

  1. Work with politicians to discredit the proposed restrictions on the use of fossil fuels
  2. Commission research into the development of battery-powered aircraft
  3. Adapt existing engine designs so that they can use plant-based fuels, such as vegetable oils
  4. Dispose of manufacturing plant and move into more sustainable transport, such as electric trains
  5. Develop more efficient engines that minimise the use of fossil fuels

Answer(s): B,C



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

  1. C shall insist on an exclusivity agreement with each supplier so that identical products are not available from other outlets
  2. C shall endeavour to adhere to the terms of its contracts with its suppliers at all times
  3. Cshall continuously remind suppliers that it always has several alternative suppliers to choose from.
  4. C shall not use its buying power unscrupulously.
  5. C shall keep confidential all information received from suppliers and potential suppliers
  6. C shall endeavour to take as high a percentage of each supplier's output as possible

Answer(s): B,D,E



Which TWO of the following are reasons for a company to comply with the Committee of Sponsoring Organisations of the Treadway Commission 2017 Enterprise Risk Management Framework (COSO Framework)?

  1. Complying with the COSO Framework will mean all employees of a company will comply with internal controls
  2. Complying with the COSO Framework will mean that a company's internal controls will work properly
  3. Complying with the COSO Framework will mean there is a good structure to a company's risk management system
  4. Complying with the COSO Framework will mean that all staff will understand a company's risk management system
  5. Complying with the COSO Framework will improve a company's reputation

Answer(s): C,E



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?

  1. 7.2%
  2. 10%
  3. 30%
  4. 2%

Answer(s): D



Viewing page 28 of 56
Viewing questions 136 - 140 out of 275 questions


Post your Comments and Discuss CIMA CIMAPRA19-P03-1 exam prep with other Community members:

AI Tutor AI Tutor 👋 I’m here to help!