Free Access CIMA.P3.v2022-08-07.q119 Practice Test (Page 11)

Question 46

Which of the following statements concerning the use of balanced scorecards to measure divisional performance is correct?

A.The input for balanced scorecard reports comes from many sources so it is not possible to misrepresent performance.

B.Contradictory and inconsistent targets prevent balanced scorecards being a useful tool for performance evaluation.

C.Dysfunctional behaviour is impossible because divisional managers are evaluated on so many different decisions.

D.Dysfunctional behaviour is more difficult than under traditional reporting because a wide range of factors will be measured and reported.

Question 47

ABC is an online retail chain which operates on a 24/7 basis It has been updating its Cyber Security processes and has implemented a centralised monitoring process to track activity through its web access portal Which of the following activities will increase the awareness of its cyber security risk most effectively?

A.ABC should monitor and record all failed access attempts.

B.ABC should monitor and record every device type used for access

C.ABC should monitor and record every keystroke of every user.

D.ABC should monitor and record every out of hours access

Question 48

GHY is a listed company. Tom is GHY's CEO and Peter is its non-executive Chair of the Board. Tom and Peter both have substantial relevant business and industrial experience and both are believed to have considerable integrity. Tom and Peter quickly developed a good working relationship after Peter's appointment. They have become close friends.
Tom briefs Peter on every aspect of the business. Tom and Peter jointly agree the agenda for every board meeting and both agree on the manner in which matters will be presented to the board.
Taking account of the principles of good corporate governance, which of the following statements is correct?

A.The relationship between Peter and Tom may have a detrimental effect on company decision making as the Board is not always being informed about matters in an unbiased manner.

B.Since the non-executive chair clearly has a significant role within this company there is little danger that any individual will become excessively dominant.

C.It is entirely appropriate that Tom and Peter have this kind of relationship and both are acting in the best interests of the company.

D.Non-contentious board meetings show how well Tom and Peter are running the company and shows that the management is cohesive.

Question 49

Which of the following statements best explains why a corporate treasury department should be established as a cost centre rather than a profit centre?

A.The Treasurer has the ability to manipulate the Department's reported profit.

B.There is no way for the Treasury Department to generate revenue.

C.The Treasurer should not have a great deal of responsibility.

D.The Treasury Department should not be encouraged to speculate.

Question 50

Y plc, a pharmaceutical company, has dealt with a number of risks in the manner indicated below.
Use the TARA framework to classify each of Y plc's responses.

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Question 46

Question 47

Question 48

Question 49

Question 50

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