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CIMAPRA19-E03-1 Exam - Topic 5 Question 72 Discussion

LLL is an international oil and gas exploration company. It is considering investing S300 million in developing new oil fields in Country D. For this it will need to obtain a license from the government of Country D.These new oil fields will bring much wealth to Country D because a large proportion of the revenue from the production of oil will be paid to the government as part of the licensing agreement.However, oil production in Country D will have some undesirable social effects, such as the threat of pollution, congestion to the roads and pressure on local amenities such as housing, electricity and clean water.Which of the following approaches to stakeholder management should LLL NOT undertake in order to enter Country D?
A) Issue free shares in a Joint Venture to develop oil fields to government ministers from Country D. and C) Develop and circulate a promotional video showing the benefits enjoyed by other countries in which LLL operates.
B) Commit to improving the local amenities and roads as a part of the application for a license in Country D.
D) Undertake stakeholder mapping to identify the interests of the most powerful players in the decision to grant a license to LLL.

CIMAPRA19-E03-1 Exam - Topic 5 Question 72 Discussion

Actual exam question for CIMA's CIMAPRA19-E03-1 exam
Question #: 72
Topic #: 5
[All CIMAPRA19-E03-1 Questions]

LLL is an international oil and gas exploration company. It is considering investing S300 million in developing new oil fields in Country D. For this it will need to obtain a license from the government of Country D.

These new oil fields will bring much wealth to Country D because a large proportion of the revenue from the production of oil will be paid to the government as part of the licensing agreement.

However, oil production in Country D will have some undesirable social effects, such as the threat of pollution, congestion to the roads and pressure on local amenities such as housing, electricity and clean water.

Which of the following approaches to stakeholder management should LLL NOT undertake in order to enter Country D?

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Suggested Answer: A, C

by Salena at Aug 09, 2023, 11:50 AM

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Veta
10 months ago
Stakeholder mapping is crucial, but free shares? That's risky!
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Filiberto
10 months ago
A promotional video? Really? That won't change the local impact.
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Sylvie
10 months ago
Agree, they should focus on local improvements instead.
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Brendan
10 months ago
Sounds like a bad idea, pollution will be a huge issue.
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Annita
10 months ago
LLL needs that license to operate in Country D.
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Antonette
11 months ago
Developing a promotional video sounds like a way to sway public opinion, but I’m not sure if it’s effective in this context, so maybe C is the one to avoid.
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Chantell
11 months ago
I think we had a practice question about stakeholder mapping, and it really helps to understand who the key players are, so D might not be the answer.
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Serina
11 months ago
I'm not entirely sure, but I feel like improving local amenities is a good way to gain support, so B seems like a safe option to pursue.
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Jettie
11 months ago
I remember we discussed how offering free shares could be seen as unethical or even bribery, so I think A might be the right answer.
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Tamesha
11 months ago
Hmm, I'm not totally sure about this. I'll need to review the material on ransomware tactics to make sure I understand the right approaches.
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Altha
11 months ago
I'm not so sure about the details, but I remember we had questions about what goes into a project charter. The WBS might come later, though.
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Antione
11 months ago
Hmm, I'm not too familiar with the specifics of ROADM node architecture. I'll have to review my notes to see if I can recall the number of degrees an omnidirectional add/drop unit can access.
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Carissa
11 months ago
Hmm, I'm a bit confused about the different code blocks. I'll need to carefully read through each one and understand the logic before deciding which one to use.
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Sommer
1 year ago
I hear they're also considering offering a year's supply of free donuts to the local residents. That's sure to win over the hearts and minds of the community!
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Lettie
1 year ago
C) Develop and circulate a promotional video showing the benefits enjoyed by other countries in which LLL operates.
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Glenn
1 year ago
B) Commit to improving the local amenities and roads as a part of the application for a license in Country D.
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Quentin
1 year ago
A) Issue free shares in a Joint Venture to develop oil fields to government ministers from Country D.
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Bernadine
1 year ago
Stakeholder mapping is crucial to understand the power dynamics and interests involved. Option D is a must-do, not something to avoid.
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Harris
1 year ago
Promotional videos are great, but they don't actually address the real concerns of the local stakeholders. Option C is not enough on its own.
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Marjory
1 year ago
D) Undertake stakeholder mapping to identify the interests of the most powerful players in the decision to grant a license to LLL.
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Phung
1 year ago
C) Develop and circulate a promotional video showing the benefits enjoyed by other countries in which LLL operates.
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Fatima
1 year ago
B) Commit to improving the local amenities and roads as a part of the application for a license in Country D.
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Staci
1 year ago
A) Issue free shares in a Joint Venture to develop oil fields to government ministers from Country D.
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Timothy
1 year ago
I agree, a promotional video alone won't address the real concerns of the local stakeholders.
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Lavelle
1 year ago
C) Develop and circulate a promotional video showing the benefits enjoyed by other countries in which LLL operates.
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Cheryll
1 year ago
B) Commit to improving the local amenities and roads as a part of the application for a license in Country D.
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Argelia
1 year ago
A) Issue free shares in a Joint Venture to develop oil fields to government ministers from Country D.
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Charlie
1 year ago
Option A is a clear conflict of interest and should not be considered. Bribing government officials is unethical and illegal.
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Aleisha
1 year ago
I think option B is the best approach. Committing to improving local amenities and infrastructure shows that LLL is taking the social impact seriously and trying to mitigate it.
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Jacqueline
1 year ago
I disagree. I think LLL should focus on improving local amenities and roads to show their commitment to the community.
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Mozell
1 year ago
I agree with you, Nickolas. That could be seen as bribery and unethical.
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Nickolas
1 year ago
I think LLL should not issue free shares to government ministers from Country D.
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