CIMA P3 問題集

質問 1：
Which THREE of the following are true with regard to managing the changeover from an old to a new computer system?
A. Phased changeover moves individual portions of the business to the new system one at a time
B. 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
C. 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
D. Pilot changeover moves the simplest part of the business to the new system first
E. Phased changeover is the safest and slowest method of changeover
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 earned out on both systems
正解：A,C,E

質問 2：
Which TWO of the following might create a good control environment?
A. The Board has just issued an ethical code
B. Managers have good job descriptions that define their roles in the organisation clearly
C. The Finance Director has just been given a place on the audit committee to increase the committee's financial knowledge
D. Management did not have time to carry out all the staff appraisals this year but all staff have received a pay increase instead
E. Management has just revisited the annual budget and made it much harder to achieve in order to try and boost profits
正解：A,B

質問 3：
The Committee of Sponsoring Organisations (COSO) outlined six key principles of Enterprise Risk Management (ERM).
Which of the following are COSO key principles?
A. The creation of a risk aware culture.
B. Consideration of the main risk only which is financial risk.
C. Consideration of risk management in the context of business strategy.
D. A comprehensive and holistic approach to risk management.
E. Risk management is the responsibility of the risk committee.
正解：A,C,D

質問 4：
Having carried out a full capital appraisal for a construction project, H Company has approved the project with initial outflows of $6,000,000 and a net present value of $1,200,000.
The implementation phase has been commenced with 25% of the costs already committed. However when the ground was opened, an underground waterway was revealed which will need to be diverted if the project is to proceed. Work to carry out this diversion has been estimated at $1,300,000.
Which of the following factors will define whether the project should go ahead or not?
A. The project actually has a higher NPV than before.
B. There may be other unexpected costs to be met if the project continues.
C. There will be abandonment costs to restore the site.
D. Abandoning the project will have an adverse effect on shareholder confidence.
E. The project now has a negative NPV.
正解：A,C

質問 5：
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?
A. 10%
B. 7.2%
C. 2%
D. 30%
正解：C

質問 6：
You are the Management Accountant for P, a food manufacturing company with an annual sales revenue of $5 million.
You discover that the Production Manager's records are inconsistent. Raw materials purchased do not agree to the total recorded for transfers to production plus wastage. There is an average shortfall of 2% of purchases.
You investigated and discovered that there are often mistakes made during manufacturing that results in food that is safe to eat, but cannot be sold because of visual flaws. The Production Manager is supposed to scrap all such damaged product and write all such losses off as waste, but you discovered that he has been giving the damaged food to a charity that assists homeless people. No records are made of such gifts in order to conceal the losses due to manufacturing errors.
What should you do?
A. Instigate a process whereby edible but unsellable items can be given to the charity officially.
B. Do nothing, this is a good cause and the amount is insignificant.
C. Instigate a review of the production process to potentially reduce the amount of wastage.
D. Instigate a confidential, but documented, review with the Production Manager and tell him to stop.
E. Instigate disciplinary action, this is both theft and poor management.
正解：A,C,D

質問 7：
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 in which there is extensive investment in physical assets, such as plant and machinery, with divisions which undertake broadly similar activities.
B. Companies in which there is extensive investment in intellectual property and intangible assets, such as brands and trade marks.
C. Companies which have been created by extensive acquisition and merger activity and include divisions engaged in a variety of activities.
D. Companies in the not-for-profit sector.
正解：A

質問 8：
DBB is a mining company. The company's business requires manners to work underground in hazardous conditions DBB takes every possible precaution to protect the safety and wellbeing of its miners, but that does not prevent the occurrence of four or five serious injuries every year. That number is small in relation to the many thousands of owners employed by DBB.
DBB's Board is preparing a risk map Most directors believe that injuries to miners should be classified as high Likelihood and high impact, which Is a category of risk that should be avoided according to the TARA framework One of the directors has suggested that the risk should be classified as low likelihood and high impact because that would move the risk into the quadrant associated with transference or sharing and so could be draft with by, say, insurance Which TWO of the following are correct?
A. The director's recommendation that the risk should be reclassified will make the risk map more useful
B. Discussing likelihood and impact will help DBB's Board to mitigate the risk of industrial inquiry
C. The fact that there are very few accidents supports the argument that the likelihood
D. Risk maps enable companies to identify the correct migration for any given risk
E. it is unlikely that DBB will be able to transfer the risk of these injuries by insurance.
正解：C,D

質問 9：
Which THREE of the following are key elements of cyber security risk governance?
A. Ensure all employees have their passwords changed every 30 days.
B. Ensure the organisation has defined structures for cyber security management
C. Ensure all employees have at least two cyber security objectives in their development plans.
D. Ensure all employees are trained in IT use
E. Ensure all employees have anti-virus software on their equipment
F. Ensure the organisation has defined standards of conduct for IT use.
正解：B,D,F