Free CIMAPRO19-P03-1 Exam Braindumps
P3 Risk Management Questions 56–60 (page: 13)

DRAG DROP
Identify, from the list provided, which category of business risk most accurately describes the events detailed below.

An electricity company owns and operates a nuclear power station located ten miles from a large city. A recent and very extensive engineering examination of the power station concludes with the estimate that the probability of a major nuclear disaster within the next 20 years is 0.2%. Which of the following best explains the relevance of quantifying the risk in that way?

Under the COSO Enterprise Risk Management Framework, who is responsible for risk management?

An oil company has entered into a joint venture with a competing oil company to develop a new oil field. The joint venture arrangement is intended to mitigate the risks associated with developing the oil field.
The following disclosure appears in the oil company's risk report:
"Many of our large projects and operations are conducted through joint ventures. These arrangements involve complex risk allocation and indemnification arrangements and we have less control over these activities than we would have if we had full ownership and control. Our partners may have economic or business interests that are opposed to ours, and may exercise the right to block key decisions or actions. We believe the joint arrangement is in our best interest." Which of the following statements are correct?

Which of the following is an ethical dilemma?