CIMA Exam CIMAPRO19-P03-1 Topic 5 Question 61 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam

Question #: 61
Topic #: 5

[All CIMAPRO19-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 Franklyn at Feb 12, 2024, 02:54 AM

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16 days ago

Yes, and risk management should be regarded as part of the overall business strategy.

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20 days ago

I agree. I believe all staff should be aware of risks affecting the entity.

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21 days ago

I think an effective risk management culture is important for a company.

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