CIMA Exam CIMAPRO19-P03-1 Topic 6 Question 49 Discussion

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

Question #: 49
Topic #: 6

H is a farmer. An outbreak of a contagious animal disease has just been detected near the region where the farm is located. This could potentially lead to substantial financial losses for H.

In these circumstances, which of the following responses by H is the most appropriate?

AAvoid the risk by the immediate cessation of all animal farming activities and the sale or disposal of all animals currently held on the farm.

BReduce the risk by strict adherence to all government imposed animal movement restrictions,by the appropriate use of disinfectants and by similiar precautions.

CAccept the risk and carry on as previously.

DTransfer the risk by taking out a substantial level of insurance cover.

Show Suggested Answer

Suggested Answer: B, C

by Buddy at Apr 22, 2023, 10:27 AM

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Ozell

14 hours ago

Hah! Cessation of all farming activities? That's like running away from a cold. Real farmers know you gotta face the problem head-on, like Option C. I'll be keeping my animals and my business going.

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Noelia

2 days ago

I'm gonna have to go with Option D. Transferring the risk through insurance is the way to go. That way, I can keep my farm running and still be protected financially.

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Edna

9 days ago

Response B seems like the most prudent choice. Adhering to government guidelines and taking precautions is crucial during an outbreak. I wouldn't want to risk my livelihood by ignoring the situation.

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