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CIMAPRA19-P03-1 Exam - Topic 5 Question 24 Discussion

Which of the following are true of an effective risk management culture?
B) All risk should be eliminated. and C) Responsibility for risk management should be devolved to a risk manager. and E) Risk management should be regarded as part of the overall business strategy.
A) Staff should be penalised for being associated with negative events.
D) All staff should be aware of risks affecting the entity.
F) The directors should take an active interest in risk management.

CIMAPRA19-P03-1 Exam - Topic 5 Question 24 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam
Question #: 24
Topic #: 5
[All CIMAPRA19-P03-1 Questions]

Which of the following are true of an effective risk management culture?

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Suggested Answer: B, C, E

by Wilda at Mar 02, 2023, 12:28 PM

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Salome
10 months ago
C seems off. Risk management shouldn't just be one person's job.
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Stephania
10 months ago
F is a must! Directors need to lead by example.
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Marsha
10 months ago
Wait, are we really supposed to eliminate all risks? That's unrealistic!
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Elke
11 months ago
I disagree with A. Penalizing staff isn't effective.
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Rory
11 months ago
D and E are definitely true!
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Denae
11 months ago
I feel like risk management should be integrated into the business strategy, but I can't recall if that's explicitly stated in the materials we covered.
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Jannette
11 months ago
I practiced a question similar to this, and I think it's crucial that all staff are aware of risks. It promotes a collective responsibility.
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Larae
11 months ago
I'm not sure if all risks should be eliminated; I think some level of risk is necessary for growth, right?
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Aleta
11 months ago
I remember discussing how a positive risk culture encourages learning from mistakes, so I think penalizing staff for negative events is definitely not effective.
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Kris
11 months ago
Got it, this looks pretty straightforward. I'll make sure to request the necessary part, inform the customer about the SPAN port, and upgrade the firmware unless a demo is planned.
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Mitsue
11 months ago
I think in practice questions we focused on wavelength ports quite a bit. Maybe that's the right answer?
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Jolanda
11 months ago
I'm a bit confused by this question. Do we need to create a new authorization rule or just delete the existing guest accounts? I want to make sure I understand the right approach before answering.
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Vallie
11 months ago
I'm pretty confident this one is True. The question states that only the Alibaba Cloud Container Service for Kubernetes (ACK) Dedicated Clusters support "Encrypting Secret Data at Rest with KMS", so the answer must be True.
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Nelida
11 months ago
I thought the FAS Server communicated with Citrix ADC as well. It's tricky because I wish I had more time to go over these components before the exam!
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Fabiola
1 year ago
You know, the directors would probably take a lot more interest in risk management if the risk manager started giving presentations in a clown costume. That would really grab their attention!
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Tamar
1 year ago
I agree, sometimes you need to think outside the box to get people's attention. A clown costume might just do the trick!
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Stephaine
1 year ago
I agree, risk management should definitely be regarded as part of the overall business strategy.
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Joni
1 year ago
I think it would definitely make risk management more engaging for everyone. Maybe they should give it a try!
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Emilio
1 year ago
That's a hilarious idea! I can just imagine the directors' faces if the risk manager showed up in a clown costume.
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Ahmed
1 year ago
I think it's important for all staff to be aware of risks affecting the entity.
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Tenesha
1 year ago
That's an interesting idea, but I'm not sure if the directors would take it seriously.
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Maryln
1 year ago
Haha, devolving all responsibility to a risk manager? That's like putting the fox in charge of the henhouse. Risk management is everyone's job in an effective culture.
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Rolande
1 year ago
The directors should definitely take an active interest in risk management.
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Kris
1 year ago
Definitely, risk management should be part of the overall business strategy.
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Alpha
1 year ago
I agree, everyone should be aware of risks in the entity.
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Sabine
1 year ago
Penalizing staff for negative events? That's just going to create a culture of fear and cover-ups. Risk management should be about learning and improvement, not punishment.
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Denny
1 year ago
Penalizing staff for negative events can lead to a culture of fear and cover-ups.
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Lezlie
1 year ago
The directors should take an active interest in risk management.
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Valda
1 year ago
E) Risk management should be regarded as part of the overall business strategy.
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Brinda
1 year ago
A) Staff should be penalised for being associated with negative events.
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Aliza
1 year ago
Penalizing staff for negative events can lead to a culture of fear and cover-ups.
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Quentin
1 year ago
The directors should take an active interest in risk management.
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Elenor
1 year ago
E) Risk management should be regarded as part of the overall business strategy.
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Hoa
1 year ago
A) Staff should be penalised for being associated with negative events.
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Virgie
1 year ago
Option B is definitely not true. Eliminating all risk is impossible and would stifle any business. A good risk culture is about managing risks, not avoiding them entirely.
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Donte
1 year ago
I think options D, E, and F are the most effective for a risk management culture. Staff need to be aware of risks, and risk management should be integrated into the overall business strategy with active involvement from leadership.
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Beckie
1 year ago
Penalizing staff for negative events may not be the most effective approach.
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Lashawn
1 year ago
Leadership involvement in risk management is essential for success.
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Colene
1 year ago
Yes, integrating risk management into the overall business strategy is key.
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Odette
1 year ago
I agree, staff awareness of risks is crucial for effective risk management.
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Stephaine
1 year ago
I believe F is also important, directors should be actively involved in risk management.
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Melodie
1 year ago
I agree, all staff should be aware of risks and risk management should be part of the business strategy.
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Toi
1 year ago
I think D and E are true.
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