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CIMA Exam CIMAPRA19-P03-1 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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Maryln
11 days 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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Sabine
14 days 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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Hoa
7 days ago
A) Staff should be penalised for being associated with negative events.
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Virgie
17 days 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
27 days 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
3 days ago
Penalizing staff for negative events may not be the most effective approach.
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Lashawn
4 days ago
Leadership involvement in risk management is essential for success.
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Colene
7 days ago
Yes, integrating risk management into the overall business strategy is key.
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Odette
15 days ago
I agree, staff awareness of risks is crucial for effective risk management.
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Stephaine
1 months ago
I believe F is also important, directors should be actively involved in risk management.
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Melodie
1 months 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 months ago
I think D and E are true.
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