최신 P3 무료덤프 - CIMA Risk Management

A. The big data approach may help DFG to price contract bids more accurately.

B. Big data has the potential to identify ways in which DFG can reduce construction costs.

C. DFG should supplement its existing databases in order to enhance the benefit from big data.

D. It would be unethical for DFG to use big data in order to compete even more effectively with its rivals.

E. Big data has the potential to identify ways in which DFG can increase sales.

A. Direct changeover, or Big Bang is only used when the systems are significantly different such that comparing the outputs of the two systems is largely irrelevant.

B. Phased changeover is the safest and slowest method of changeover.

C. Phased changeover moves individual portions of the business to the new system one at a time.

D. Pilot changeover moves the simplest part of the business to the new system first.

E. All methods of changeover carry high risk and it is the preparation, consideration of data compatibility and data cleansing before the changeover which has the biggest impact on the smoothness of the transition.

F. Parallel running involves keeping the old system running, normally until certain data retention criteria are met or confidence is gained, while the new system deals with the new workload. Data input is usually carried out on both systems.

A. N has just opened a bank account in the currency in which the newly opened branch is now operating.

B. Establishing an Internal Audit department.

C. Excess funds are now invested, by the Finance Director, in short-term securities. The Finance Director initiates buy and sell transactions and she also receives and retains all correspondence relating to the investments.

D. A policy has been initiated to complete a physical inventory of all non-current assets at least annually.
This is then reconciled with the non-current asset register.

E. Purchase invoices are now approved for payment at branches and a list of approved invoices are sent to head office for payment. The invoices, supporting documentation and suppliers' statements are retained at the branches.

A. Passwords should never be shared.

B. Passwords should be changed on a regular basis.

C. The strength of a password is increased by using upper and lower case and including numerals.

D. Passwords should be short words or names that users will easily remember.

E. Passwords should contain 20 characters or more.

F. Passwords should be written down in a secret place.

A. Availability

B. Integrity of processing

C. Confidentiality

D. Integrity of data

A. No one method of capital appraisal taken alone is adequate to evaluate competing projects.

B. Decisions should only consider the financial implications of the project.

C. The time value of money should be the same for all similar competing projects.

D. All projects should be evaluated using sensitivity analysis.

E. Net Present Value evaluation considers a range of different discount rates considering different risk factors and finance methods.

F. Opportunity cost is only relevant when capital is scarce.

A. TYU's competitors may have variable rate borrowings.

B. TYU's competitors may have fixed rate borrowings.

C. Customers' disposable income may change.

D. TYU's suppliers may have borrowings.

E. TYU's cost of capital will vary with interest rates.

A. The motor manufacturer should be contacted and told that a substantial increase in selling prices would have a drastic impact on UJK

B. UJK should identify an alternative vendor of suitable motors as part of its stress test

C. UJK should estimate the impact on demand of increasing selling prices to pass on the increased cost of the motors.

D. The possibility of an increase in selling prices due to increased costs should be noted in the stress test report

E. The impact of absorbing the increased cost of motors on UJK's profits should be calculated.

A. The Audit Committee should engage consultants to carry out business reviews.

B. The Audit Committee should review and monitor the effectiveness of the company's internal audit function.

C. The Audit Committee should decide annually whether it needs an external audit function.

D. The Audit Committee should provide arrangements for whistle blowing.

E. The Audit Committee should decide annually whether it needs an internal audit function.

F. The Audit Committee should design the system of internal controls.