CIMA Exam CIMAPRA19-P03-1 Topic 4 Question 53 Discussion

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

Question #: 53
Topic #: 4

[All CIMAPRA19-P03-1 Questions]

Which of the following risks should be given highest priority?

ARisks which have a high impact and which may arise occasionally

BRisks which have a low impact but which arise frequently

CRisks which have a high impact and have a low likelihood of arising

DRisks which have a low impact and a low likelihood of arising

Show Suggested Answer

Suggested Answer: A, C, D

by Bettye at Aug 23, 2024, 08:15 PM

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Emile

1 months ago

Wait, there's a risk exam? I thought this was just a survey on how much we enjoy living on the edge. Guess I should have read the fine print.

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Tandra

1 months ago

D, all the way. Minimal risk, minimal effort. That's the lazy man's approach to risk management. Hey, it might work!

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Karol

11 days ago

B) Risks which have a low impact but which arise frequently

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Mammie

13 days ago

A) Risks which have a high impact and which may arise occasionally

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Stephaine

1 months ago

Definitely B. Why worry about the big stuff when the little things are always happening? That's where the real action is, am I right?

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Rosina

11 days ago

C) Risks which have a high impact and have a low likelihood of arising

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Nadine

17 days ago

B) Risks which have a low impact but which arise frequently

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Norah

1 months ago

A) Risks which have a high impact and which may arise occasionally

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Graham

2 months ago

Hmm, I'm torn between A and C. But I think I'll go with A. Those occasional high-impact risks can really mess you up if you're not proactive.

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Marlon

26 days ago

User 2: Yeah, it's better to be prepared for them even if they don't happen often.

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Willard

1 months ago

User 1: I agree, those high-impact risks can really cause some serious damage.

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Paz

2 months ago

Option C, of course! High-impact risks are the ones that keep me up at night, even if they're unlikely. Gotta be prepared for the big ones!

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Maynard

24 days ago

I'm with you on that. It's all about balancing the different types of risks and making sure we're ready for anything.

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Raylene

25 days ago

I see your point, but I still think option D shouldn't be ignored. Even if they're unlikely, low-impact risks can still add up over time.

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Long

2 months ago

I think option A is important too. Even if they don't happen often, high-impact risks can really shake things up.

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Danica

2 months ago

I agree, option C is definitely the one to focus on. It's better to be prepared for the worst-case scenarios.

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Lucy

2 months ago

I think risks with high impact and occasional occurrence should be the focus, as they can have the most severe consequences.

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Effie

3 months ago

I disagree, I believe risks with low impact but high frequency should be the top priority.

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Kati

3 months ago

I think risks with high impact and low likelihood should be given highest priority.

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