Online Access Free M92 Practice Test

A company wishes to improve communication across the business. What is this LEAST likely reason for this?

• A.To support the implementation of a new strategy.
• B.To improve cross-functional collaboration.
• C.Regulatory compliance.
• D.To enhance employee engagement.

Which body exists to ensure that the London Market as a whole maintains and improves its position as a major worldwide insurance market?

• A.The Franchise Board.
• B.The Prudential Regulation Authority.
• C.The International Underwriting Association (IUA).
• D.London Market Group.

Which financial document will the CEO use to obtain the solvency margin?

• A.The management accounts.
• B.The income statement.
• C.Balance sheet.
• D.The cash flow statement.

An individual's role is to set policy, monitor controls and check adherence to it. Where is this role most likely to fall within the 'three lines of defence' model of risk management?

• A.The second line of defence.
• B.The third line of defence.
• C.The first line of defence.
• D.The external auditor's remit.

It has been deemed essential that the Information Technology (IT) department have a broad role, working closely with the business. If the IT department are to fulfil its role within the company, it must

• A.make a proactive contribution to the development of business strategy.
• B.outsource all non-core functions.
• C.report directly to the internal audit function.
• D.operate entirely independently from day-to-day operations.