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CIMAPRA19-P03-1 Exam - Topic 2 Question 85 Discussion

TDC is a company which runs gas-fired power stations in western Europe. The Risk Committee has just received a report that a power station built to the same design and specification in a developing country has recently collapsed. The causes of the collapse are unclear but the consequences for TDC would be catastrophic if something similar were to happen in EuropeWhich of the following actions being considered by the Risk Committee are ethical?Select ALL that apply
A) Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC and B) Send experts employed by TDC to the site of the collapse so that they can gather information first hand on what happened and C) Draw up contingency plans in case some of TDC's power stations need to be shut down
D) Decide that the information available to date is too uncertain to take any action for now
E) Attempt to increase the level of insurance cover against this type of eventuality
F) Issue a press release confirming that all TDC's power stations are 'entirely safe'.

CIMAPRA19-P03-1 Exam - Topic 2 Question 85 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam
Question #: 85
Topic #: 2
[All CIMAPRA19-P03-1 Questions]

TDC is a company which runs gas-fired power stations in western Europe. The Risk Committee has just received a report that a power station built to the same design and specification in a developing country has recently collapsed. The causes of the collapse are unclear but the consequences for TDC would be catastrophic if something similar were to happen in Europe

Which of the following actions being considered by the Risk Committee are ethical?

Select ALL that apply

Show Suggested Answer Hide Answer
Suggested Answer: A, B, C

Contribute your Thoughts:

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Marguerita
10 hours ago
E is a good move. More insurance is wise.
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Goldie
6 days ago
D feels wrong. Ignoring risks isn't ethical.
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Alaine
11 days ago
But what about C? Planning is crucial!
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Linsey
16 days ago
B seems okay too. Gathering info is smart.
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Dottie
21 days ago
Agree, A shows responsibility.
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Kelvin
26 days ago
I think A is ethical. Safety first!
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Ulysses
1 month ago
F) Really? Claiming they're "entirely safe" sounds sketchy.
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Pearly
1 month ago
E) makes sense, better safe than sorry!
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Rebbecca
1 month ago
D) feels like a cop-out. They should act now!
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Terina
2 months ago
B) seems a bit risky, but gathering info is important.
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Nan
2 months ago
A) is definitely the right move. Safety first!
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Lashawn
2 months ago
I think E is ethical because increasing insurance could help protect against future risks, but I’m uncertain about F—it feels misleading.
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Jacob
2 months ago
I practiced a similar question where we debated the ethics of transparency, so I feel like D might be too passive and not ethical enough.
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Bobbye
2 months ago
I'm not sure about B; sending our own experts could be seen as trying to control the narrative rather than just gathering information.
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Susy
2 months ago
I remember discussing the importance of proactive measures in risk management, so I think A and C are definitely ethical actions.
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