CIMA P3テストエンジン練習テスト問題、試験問題集
100%無料P3日常練習試験には268問があります
質問 119
B uses a balanced scorecard to monitor the performance of its divisions.
Classify each of the following decisions taken by a division's management team as either commercially sound or dysfunctional.
正解:
解説:
質問 120
UIO sells mobile phones through a cham of 100 shops spread across the country Shop managers have considerable discretion over pncmg and the incentives offered to sales staff Shop managers are evaluated on the monthly contribution from completed sales. Those who exceed targets by more than 10% for three successive months are promoted Those who fail to achieve monthly targets in two successive months lose their jobs Which of the following statements are true of the performance management of UIO's shop managers?
Select ALL that apply
- A. UIO's shop managers are encouraged to take risks that may harm UIO
- B. UIO's shop managers are encouraged to sell phones at a loss
- C. UIO's shop managers may have very little sense of loyalty to the company
- D. LHO's shop managers have an incentive to offer excellent customer service
- E. UIO's shop managers have an incentive to develop attractive sates promotions for their shops
正解: A,B,C
質問 121
You have just been appointed Financial Controller of Y, a marketing consultancy.
You are in a meeting with the Chief Executive Officer (CEO) of Y, and have been discussing the need for a major upgrade of all the information systems throughout Y, as they are all very old.
Knowing that major change should be managed effectively, you have suggested that Y should have a 'systems steering committee'.
Advise the CEO which of the following should be included in the terms of reference of the steering committee.
- A. Develop new systems
- B. Plan for new systems
- C. Ensure the new system will meet the company's goals
- D. Manage the project
- E. Consider the competitive issues raised by the new system
正解: B,C,E
質問 122
DFG's call centre budgets four minutes for its operators to deal with a customer's enquiry and conclude the call. Team leaders are evaluated on the basis of the average call length.
Simone is a team leader. Her team's average call length is five minutes and 30 seconds. Simone accepts full responsibility. She encourages her team members to check that the customer is satisfied before concluding the call.
On investigation, it was discovered that 2% of the customers who dealt with Simone's team had to call DFG again within seven days. Other teams had an average of 25% of customers call back within seven days because their first call had not fully resolved their problem.
Which of the following statements are true?
- A. The use of average call length may be leading to dysfunctional behaviour.
- B. Simone is in breach of call centre policy.
- C. It would be better to evaluate team leaders on the basis of multiple criteria.
- D. Team leaders should be responsible for setting policy on performance measurement within the call centre.
- E. Average call length should be replaced with the average rate of return calls as the primary performance measure for team leaders.
正解: A,B,C
質問 123
G plc has decided to move its production plant to overseas Country A.
This would make the product cheaper to produce. The technology used to make the product is very advanced and some of the staff would have to move to Country A.
The Production Director has identified that there are some political risks in moving to Country A.
Match the methods of reducing the political risks associated with the move to Country A with the corresponding risks.
正解:
解説:
質問 124
A project has been evaluated on the basis that it will cost $22 million and will have a net present value of $4.3 million The project has commenced and $5 million of the $22 million has been invested. A problem has been discovered that will cost an additional $4.5 million to rectify. The $4.5 million will be payable immediately.
What is the NPV of continuing with this project?
- A. $1million
- B. -$0.2million
- C. -$5million
- D. $4.8million
正解: D
質問 125
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 should not have a great deal of responsibility.
- B. The Treasury Department should not be encouraged to speculate.
- C. There is no way for the Treasury Department to generate revenue.
- D. The Treasurer has the ability to manipulate the Department's reported profit.
正解: B
質問 126
The Dean of Information Technology at Capital City University wishes to develop a degree in 'ethical hacking" Students will graduate from this course with the skills needed to develop malware, so that they have the ability to reverse engineer malicious software The Dean believes that there will be strong demand for such graduates from employers in IT security and related fields.
Which TWO of the following statements are correct?
- A. The University should conduct detailed background checks on applicants before they are admitted to this degree
- B. The course should teach students to reverse engineer malware without enabling them to write malware
- C. The University should not be equipping its students with skills that could be abused for the purposes of committing crime or causing harm
- D. The academic staff teaching on this degree may struggle to keep up to date with the latest developments in malware
- E. Potential employers would be suspicious of job applicants whose choice of degree indicates an interest in malware
正解: A,B
質問 127
Multinational companies have a variety of methods by which to manage currency risk.
Select ALL internal hedging methods from the following list.
- A. Matching
- B. Invoice in home currency
- C. Money market hedge
- D. Leading and lagging
- E. Forward contracts
- F. Pooling
正解: A,B,D,F
質問 128
Match the descriptions shown in the boxes below with the method of quantifying risk exposure it best describes.
正解:
解説:
質問 129
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. It is entirely appropriate that Tom and Peter have this kind of relationship and both are acting in the best interests of the company.
- 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. Non-contentious board meetings show how well Tom and Peter are running the company and shows that the management is cohesive.
- D. 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.
正解: D
質問 130
QAW is a quoted building company QAW has detailed rules relating to the wording of its contracts and the need to seek Board approval for any changes to the standard wording The Convener of the Audit Committee has just received a copy of an internal audit report relating to the QAW Land Reclamation subsidiary The subsidiary has signed several construction contracts over the past two years that have made significant changes to the standard wording, with no attempt to seek approval from QAW's Board The internal audit report quotes the manager in charge of QAW Land Reclamation as refusing to accept that there is a compliance error at the subsidiary The manager stated that the nature of the business done by QAW Land Reclamation would make it inappropriate to use the standard contract terms and that it would be impractical to seek permission for every one of the many changes that are necessary Which of the following would be an appropriate response to this item by QAW's Board?
- A. The Audit Committee should seek an indication of the number of contracts with non-standard conditions are still in effect before deciding how to act.
- B. The Audit Committee should disregard the point because an explanation has been offered by the manager in charge of QAW Land Reclamation.
- C. The Audit Committee should treat this as an internal matter that should be dealt with by the management team of QAW's Land Reclamation.
- D. QAW's Director of Legal Affairs should investigate the matter and. if necessary, develop suitable standard contracts for QAW Land Reclamation.
正解: A
質問 131
VBN is a multinational company that has 60 subsidiary companies that operate in 11 countries. VBN evaluates the performance of each subsidiary as an investment centre, using residual income to measure performance.
Which THREE of the following threats of dysfunctional behaviour may arise from VBN's use of residual income to measure subsidiaries' performance?
- A. Subsidiary boards may actively hedge translation risks.
- B. Subsidiary boards may waste time by arguing over transfer prices.
- C. Subsidiary boards may waste time and incur unnecessary fees in order to recognise gains on the revaluation of property.
- D. Subsidiary boards may take a short-term view to investment projects.
- E. Subsidiary boards may be motivated to spend heavily on capital expenditure in order to ensure that budget allocations are maintained and even increased.
正解: A,B,D
質問 132
A hospital is part of a government provided health service which is free to patients. The management of the hospital is concerned with the need to minimise the risks to which the hospital is exposed from patient litigation.
In this context, which TWO of the following are appropriate steps to manage this risk?
- A. Ensuring that a policy is in place to transfer or discharge critically ill patients so as to minimise fatalities in the hospital.
- B. The management refuses to allow the hospital to participate in the Major Accident Plan for the city in which it is located. It believes the Plan could expose the hospital to excessive risk.
- C. Allocating a risk score to patients depending on age, general heath and similar consideration and refusing to admit patients whose risk score exceeds a certain threshold.
- D. Ensuring that patients undergoing procedures sign documentation to confirm that the risks have been explained to them and that they understand.
- E. Ensure that proper documentation is in place for all patients showing such details as symptoms, treatments, and test results.
正解: D,E
質問 133
SDF has a variable rate loan of $100 million on which it is paying interest of LIBOR + 2%.
SDF entered into a swap with CV bank to convert this to a fixed rate 7% loan. CV bank charges an annual commission of 0.3% for making this arrangement.
Calculate the net payment from SDF to CV bank at the end of the first year if LIBOR was 3% throughout the year.
Give your answer in $ million, to one decimal place.
正解:
解説:
$2.3 million
質問 134
TT is a jewellery manufacturer in country A It makes jewellery from precious metals and stones and sells it to shops in country A and also overseas It is the 3rd largest company in country A with a huge turnover TT has found it very difficult to prevent staff committing fraud and last year the Board was sure that the year end inventory was lower than it should have been Gross profit was also slightly lower than expected Which TWO of the following internal controls would be most effective in helping to reduce staff fraud within TT?
- A. Install-several CCTV cameras in the workshop
- B. Employ two more managers to watch the staff working and look for them stealing items
- C. Carry out inventory checks daily to make sure the correct quantity of materials is being used every day and the correct number of items are being produced
- D. Have a senior manager such as the Production Director to supervise the workshop at all times
- E. Perform random checks of staff bags as they leave work and ensure the staff all wear overalls provided by the company in the workshop Their own clothes must be left in lockers during working hours
正解: A,E
質問 135
HJK is a retailer, with more than 40 shops around the country. The directors suspect that a serious fraud has occurred at one of the branches and a team of internal auditors has been sent to investigate.
An analytical review investigation shows that sales revenue is in line with budget, but overtime payments to shop staff exceed budget by 20%.
How should the internal audit team proceed?
- A. Increase the evaluation of inherent risk.
- B. Increase the evaluation of control risk.
- C. Conduct additional detailed testing of all figures.
- D. Conduct additional detailed testing on overtime payments.
正解: D
質問 136
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