CIMA Exam CIMAPRO19-P03-1 Topic 7 Question 84 Discussion

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

Question #: 84
Topic #: 7

[All CIMAPRO19-P03-1 Questions]

Which of the following statements are true of residual risk?

AResidual risk has to be accepted.

BResidual risk is the risk that remains after risk mitigation has taken place.

CIf residual risk is too great then the company should not expose itself to the risk situation.

DResidual risk may be accepted if management feels the companycan bear the risk.

EResidual risk should never be accepted.

Show Suggested Answer

Suggested Answer: B, C, E

by Leonora at Dec 10, 2024, 08:07 AM

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Graciela

2 months ago

Hmm, B and D seem to be the most balanced options. Residual risk is a fact of life, and sometimes you just have to embrace it. As long as the company can handle it, of course.

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Linn

1 days ago

Exactly, as long as the company can bear it, residual risk can be accepted.

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Shantay

5 days ago

Definitely. It's important for management to assess if the company can handle the residual risk.

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Shaunna

6 days ago

I think so too. It's all about weighing the risks and benefits.

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Murray

11 days ago

Yes, it's all about managing and accepting the risk that remains.

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Nu

13 days ago

I agree, B and D make sense. Residual risk is inevitable.

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Iluminada

18 days ago

I agree, B and D make the most sense. Residual risk is inevitable.

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Salina

2 months ago

Haha, if residual risk is never accepted, then I guess companies should just pack up and go home, right? B and D are the clear winners here.

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Novella

2 days ago

Exactly, if residual risk is too great, then the company should not expose itself to the risk situation.

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Salina

11 days ago

If management feels the company can bear the risk, residual risk may be accepted.

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Kristofer

1 months ago

Definitely, residual risk is the risk that remains after risk mitigation has taken place.

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Ryan

2 months ago

I agree, residual risk has to be accepted.

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Fidelia

2 months ago

I'm going with B and D as well. Residual risk has to be managed, not necessarily avoided at all costs. A and E feel a bit too black and white.

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Paris

2 months ago

Well, B and D sound about right to me. Residual risk is what's left after mitigation, and sometimes it's worth accepting if the company can handle it. The others seem a bit too extreme.

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Edison

26 days ago

Yeah, I think it's important to assess the residual risk and make a decision based on what's best for the company.

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Yuonne

1 months ago

I agree, B and D make sense. Residual risk is manageable if the company can handle it.

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Tracie

2 months ago

I'm not sure about that. I think the answer could also be D) Residual risk may be accepted if management feels the company can bear the risk.

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Ronny

2 months ago

I agree with you, Mireya. Residual risk has to be accepted, so it makes sense that it's the risk that remains after mitigation.

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Mireya

3 months ago

I think the answer is B) Residual risk is the risk that remains after risk mitigation has taken place.

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