Discuss CIMA CIMAPRO19-P03-1 Exam Topic 4 Question 97

R is a company running gas-fired power stations in Western Europe. The Risk Committee hasjust received a reportthata power station built to the same design and specification in a developing country has recently collapsed. The causes of the collapse are unclear,but if something similiar were to happen in Europe the consequencesfor Rcould be catastrophic.

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

ACommission a reputable firm of structural engineers to carry out a review of all power stations owned by R.

BDecide that the information available to date is too uncertain to take any action for now.

CSend experts employed by R to the site of the collapse so that they can gather information first hand on what happened.

DIssue a press release confirming that all R's power stations are 'entirely safe'.

EAttempt to increase the level of insurance cover against this type of eventuality.

FDraw up contingency plans in case some ofR's power stations need to be shut down.

Suggested Answer: A, C, F

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29 comments · newest first

Armanda 7 months ago

D is definitely unethical. Misleading the public is not okay.

Patria 7 months ago

B feels wrong. Ignoring risks isn't ethical.

Laurel 7 months ago

Agree, A shows responsibility.

Avery 8 months ago

E) is a smart idea. Better safe than sorry!

Harley 8 months ago

D) is just plain irresponsible. They should be transparent!

Nohemi 8 months ago

C) makes sense, but is it really safe to send them there?

Celia 9 months ago

B) seems like a cop-out. They should act now!

Colene 9 months ago

A) is definitely the right move! Safety first!

Cristy 9 months ago

Option E sounds like a smart move, but they should do that in addition to A, not instead of it.

Eulah 9 months ago

Haha, imagine if they just said "Screw it, let's just cross our fingers and hope for the best!" That would be a disaster waiting to happen.

Mari 9 months ago

F is a good idea, but they should do that alongside A to be on the safe side.

Colby 9 months ago

D is definitely not the way to go. Issuing a press release claiming everything is safe without proper investigation would be unethical.

Alesia 10 months ago

I'm not sure about C - sending their own people to investigate could be seen as trying to cover something up.

Royce 10 months ago

Option A seems like the responsible choice here. Better safe than sorry, right?

Amie 10 months ago

Option D definitely seems unethical; claiming all power stations are "entirely safe" without proper investigation feels misleading.

Laurel 10 months ago

I think sending experts to the site, like in option C, could provide valuable insights, but it might also be seen as risky.

Nicolette 10 months ago

I'm not sure about option B; it feels like ignoring a potential risk could lead to bigger problems later on.

Paris 11 months ago

I think A is the best option. Safety first!

Lashaunda 11 months ago

I remember discussing the importance of proactive measures in risk management, so option A seems ethical to me.

Isaac 11 months ago

I'd be really careful about sending in-house experts to investigate the collapse. That could be seen as trying to control the narrative. Better to bring in a truly independent firm to get to the bottom of what happened.

Thurman 12 months ago

This is a tricky one. I can see the argument for being transparent and issuing a press release, but that could backfire if something does end up happening. I think the safest bet is to focus on the contingency planning and insurance coverage.

Marylin 12 months ago

Definitely go with option A - getting an independent review of the power stations is the right thing to do to ensure public safety. The other options seem a bit sketchy and could open the company up to liability.

Tonja 12 months ago

I'm a bit confused by this question - there seem to be a lot of different factors to weigh. I'm not sure which options would be considered the most ethical approach.

Ezekiel 1 year ago

I think the key here is to focus on the ethical considerations. Options A, E, and F seem like responsible steps to take to address the potential risks, while B, C, and D could be seen as trying to avoid or cover up the issue.

Lorita 7 months ago

↳ replying to Ezekiel

Better to be proactive than reactive in this situation.

Celestine 7 months ago

↳ replying to Ezekiel

Transparency is key! We can't just say everything is safe.

Ezekiel 7 months ago

↳ replying to Ezekiel

Yeah, B and D seem really irresponsible.

Lauran 10 months ago

↳ replying to Ezekiel

I agree, A, E, and F are definitely the right moves.

Desire 11 months ago

↳ replying to Ezekiel

Sending experts to the site could help, but it feels risky.

CIMAPRO19-P03-1 Exam - Topic 4 Question 97 Discussion