CIMA Exam CIMAPRA19-P03-1 Topic 5 Question 24 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam

Question #: 24
Topic #: 5

[All CIMAPRA19-P03-1 Questions]

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

AStaff should be penalised for being associated with negative events.

BAll risk should be eliminated.

CResponsibility for risk management should be devolved to a risk manager.

DAll staff should be aware of risks affecting the entity.

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

FThe directors should take an active interest in risk management.

Show Suggested Answer

Suggested Answer: B, C, E

by Wilda at Mar 02, 2023, 12:28 PM

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7 hours ago

I believe F is also important, directors should be actively involved in risk management.

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2 days ago

I agree, all staff should be aware of risks and risk management should be part of the business strategy.

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4 days ago

I think D and E are true.

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