[2026] CIMA Risk Management - P3 무료 시험 문제

문제1

Return on capital employed (ROCE) can be a useful measure of divisional performance. For which of the following types of company is ROCE likely to be most appropriate?

A. Companies which have been created by extensive acquisition and merger activity and include divisions engaged in a variety of activities.

B. Companies in the not-for-profit sector.

C. Companies in which there is extensive investment in physical assets, such as plant and machinery, with divisions which undertake broadly similar activities.

D. Companies in which there is extensive investment in intellectual property and intangible assets, such as brands and trade marks.

정답: C

문제2

C is an accounts clerKwho is supposed to sign each invoice as evidence that she has conducted checks against supporting documents Sometimes C signs invoices without making these checks D is a member of the internal audit team He has been told to conduct compliance tests on whether C is checking the invoices property Which of the following would grve D a false sense of assurance that C's checks have been in operation?
Select ALL that appry

A. asked C a series of open-ended questions about the operation of the purchases system She did not mention anything about detailed checks of invoices against documents

B. D reviewed a sample of invoices for purchases of plant and equipment and found that C had not signed them C explained that she believed that those were authonsed by someone else although the accounts manual indicates that it was her responsibility

C. D examined a sample of invoices to make sure that they had been signed by C AH had been signed selected a sample of purchase invoices and compared each to the supporting documents that C is supposed to review Every one of D's invoices was supported by the related documents

D. D worked at a spare desk in the accounts department and quietly watched C without telling her She checked every invoice carefully while D was present

정답: A,C,D

문제3

P Ltd manufactures and sells electrical goods through retail outlets.
N is P Ltd's Sales Director. He has been recently promoted from a senior sales position with P Ltd. He has been forced to spend the first six months as Sales Director on dealing with an administrative mess left behind by the previous sales director.
You are a Senior Management Accountant at P Ltd. You have worked with N for many years.
N has worked hard and has made many changes that have brought significant benefit to the business.
N has asked you to postpone the recording of some purchase invoices so that he will meet his quarterly targets on profit margin.
What should you do?

A. Collect all the facts, distance yourself from the situation but say nothing.

B. Write up the facts of the issue and put it on your files.

C. Document the situation and present the facts to your manager.

D. Do nothing, no rules have been broken, tell N that you cannot do as he asks and that he needs to abide by the professional codes.

정답: D

문제4

KLO is a major quoted car rental company The company is considering publishing its first cyber risk management report AH rental bookings are made online Customers receive a booking reference number that they use to collect their cars from a convenient branch Customers enter their credit card details both so that KLO can take payment for their rental and also so that the customers can be charged automatically for late returns or damage to cars KLO's management believes that it has three key areas of cyber risk Cyber criminals may wish to make bookings using fictitious data in order to steal KLO's cars, they may wish to use customers details to identify addresses of people who are away from home so that they can burgle houses and they may wish to abuse customer credit card details KLO's Board is concerned that admitting to the nsk of stealing cars might encourage cnminals to exploit that vulnerability AJso. it is concerned that customers will be reluctant to rent cars if that would mean that their homes could be at risk of burglary while they are away The vulnerability of credit card details seems obvious and so the Board is not reluctant to admit to that.
Which TWO of the following are correct?

A. The Board should be clear about all sensitive information that the company holds, but should also be clear about the robust controls in place to safeguard that information.

B. Stakeholders will not care about the vulnerabilities faced by KLO provided the independent accountant can confirm that the company has sound systems in place

C. If KLO's Board omits one of more areas of concern from the report then the independent accountant who will sign the report is unlikely to discover that omission

D. The independent accountant's report on KLO's cyber risk management will refer only to those vulnerabilities that have been identified by KLO's Board

E. The independent accountant who will express an opinion on the risks and controls will be unwilling to sign the report unless it contains a full account of all risks and controls

정답: A,E

문제5

QAW is a quoted building company QAW has detailed rules relating to the wording of its contracts and the need to seek Board approval for any changes to the standard wording The Convener of the Audit Committee has just received a copy of an internal audit report relating to the QAW Land Reclamation subsidiary The subsidiary has signed several construction contracts over the past two years that have made significant changes to the standard wording, with no attempt to seek approval from QAW's Board The internal audit report quotes the manager in charge of QAW Land Reclamation as refusing to accept that there is a compliance error at the subsidiary The manager stated that the nature of the business done by QAW Land Reclamation would make it inappropriate to use the standard contract terms and that it would be impractical to seek permission for every one of the many changes that are necessary Which of the following would be an appropriate response to this item by QAW's Board?

A. The Audit Committee should seek an indication of the number of contracts with non-standard conditions are still in effect before deciding how to act.

B. The Audit Committee should disregard the point because an explanation has been offered by the manager in charge of QAW Land Reclamation.

C. The Audit Committee should treat this as an internal matter that should be dealt with by the management team of QAW's Land Reclamation.

D. QAW's Director of Legal Affairs should investigate the matter and. if necessary, develop suitable standard contracts for QAW Land Reclamation.

정답: A

문제6

H is a departmental manager in a private college. The main measure of performance used to assess the Department Manager's effectiveness is meeting the college budgets. The budget for each year is based on the actual expenditure of the previous year adjusted for specific one-off items.
Which of the following would arise from using the meeting of this type of budget as a performance measurement?

A. Management refusing to provide some necessary service to students (for example, extra tutorials) because it would cause their budget not to be met.

B. Cost overruns because managers might fail to meet their budgets.

C. Managers engaging in unnecessary spending in order to avoid having their budgets reduced the following year.

D. Management of various departments not cooperating sufficiently with each other because each is very concerned that to do so would incur extra costs against their budgets.

E. Managers taking on new projects that have too much risk attached to them.

F. Management taking more than the optimal number of students into their department.

정답: A,C,D

문제7

Which of the following are true of an effective risk management culture?

A. All staff should be aware of risks affecting the entity.

B. Risk management should be regarded as part of the overall business strategy.

C. The directors should take an active interest in risk management.

D. Staff should be penalised for being associated with negative events.

E. All risk should be eliminated.

F. Responsibility for risk management should be devolved to a risk manager.

정답: A,B,C

문제8

COM is a well established company in the construction industry The company was founded by the Mac family
30 years ago and several family members still serve on the Board The company obtained a listing five years ago The Board has an appropriate balance between executive and non-executive members It also has audit remuneration and nomination committees The average age of board members is 68 COM is profitable but profit margins have been falling steadily and this year's revenues are lower than it was achieved last year The Board recognis thai it does not have a long term strategy in place and has been losing business to newer, more aggressive competitors Which THREE of the following statements are correct?

A. The non-executive directors should have challenged the lack of long term strategic planning

B. The remuneration committee should consider incentives such as share options to encourage the Board to focus on COM's long term strategy

C. The nomination committee should have had a succession plan in place for directors.

D. The nomination committee should be operating for the benefit of the directors.

E. The audit committee should have alerted the Board to the impact of falling profit margins

정답: A,B,C

문제9

Why is it potentially useful for an organisation to maintain a risk register?

A. To ensure that recognised risks are adequately managed.

B. To eliminate all recognised risks.

C. To ensure that there are no undiscovered risks.

D. To provide the risk manager with a role.

정답: A

문제10

A Firewall is an element of a company's Information Technology infrastructure.
Which THREE of the following are characteristics of a Firewall?

A. A Firewall protects against viruses.

B. A Firewall protects sensitive data against accidental or malicious damage.

C. A Firewall determines the boundary of the "Trusted" components of the company's Information Technology infrastructure.

D. A Firewall protects against unauthorised network access.

E. A Firewall protects the computer suite against physical attack.

F. A Firewall can screen every message coming into or out of the company network looking for key words, or attachments.

정답: C,D,F

문제11

Which of the following is NOT a financial risk.

A. Selling goods on credit terms.

B. Sourcing raw materials overseas to manufacture goods.

C. Global warming.

D. Taking out variable rate loans to finance short term investments.

정답: C

문제12

B is a small retail bank that offers customers many on-the services B is keen to ensure sound security both to protect the bank's assets and also to safeguard customer privacy B's IT Security Manager has suggested that the bank should use two phase authentication for access to the on-line systems Which TWO of the following are examples of two phase authentication?

A. Customer passwords must contain both letters and numbers and must be changed regularly.

B. Customers must input a valid user name and then input a password user name first input a password and then a pin number

C. Customers first input a password and then receive an access code via email or text message that also has to be input

D. Customers first input a password and then use a card or token to gain access

정답: A,C

문제13

The Board of Directors of VCX, a state-owned electricity company, includes four executive directors the Chief Executive Officer, the Finance Director the Operation Director and the Technical Director All of the shares in the company vest in the Office of the Minister for Energy, who is entitled to appoint two non-executive directors to the Board It has been alleged that the Minister appoints political "insiders" who have no particular knowledge of. or interest in. the electricity industry There are three further non-executive directors
* L, who spent seven years as Chief Executive of VCX, but retired from that role two years ago,
* M, who spent several years on the Board of a state electricity company in a different country to VCX but who resigned from it before accepting the position with VCX: and
* N, who is a qualified and experienced professional accountant
In relation to best practice in respect of Corporate Governance, which of the following statements are valid?
Select ALL that apply

A. The Finance Director should be part of the Audit Committee because of her expertise

B. Non-executive directors should be responsible for monitoring the performance of executive management especially with regard to company strategy and objectives

C. None of the executive directors should be allowed to sit on the Remuneration Committee

D. M is unsuitable to be part of the Board because his previous involvement with a similar company in another country is a conflict of interest.

E. L can now be considered to be an independent non-executive director

F. M and N are both suitable appointees to the Audit Committee

정답: B,C,F

문제14

The shares of a company have a beta factor of 1.15. Therefore, which of the following must be true?

A. The shares have more total risk than the stock market average.

B. The shares have less unsystematic risk than the stock market average.

C. The shares have more systematic risk than the stock market average.

D. The shares have more unsystematic risk than the stock market average.

정답: C

문제15

A's directors do not believe that they always get value for money from their investment in capital projects.
Over the past decade the company has invested in 55 projects that have cost more than $1m. They are considering introducing a system of post completion audit to see if this will help them to understand any problems they have had with projects in the past. They hope to use the results of the post completion audits to significantly improve the results of their capital investments State whether you agree or disagree with the points raised by A's directors.

정답:

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