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CIMA Exam CIMAPRO19-P03-1 Topic 7 Question 77 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam
Question #: 77
Topic #: 7
[All CIMAPRO19-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

by Sharen at Sep 13, 2024, 03:56 PM

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Stephaine
10 months ago
D? Really? That's the most unethical option of the lot! We need to take this seriously and not just wait around for something bad to happen.
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Jettie
9 months ago
E) Attempt to increase the level of insurance cover against this type of eventuality
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Emmanuel
9 months ago
C) Draw up contingency plans in case some of TDC's power stations need to be shut down
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Dorothea
9 months ago
B) Send experts employed by TDC to the site of the collapse so that they can gather information first hand on what happened
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Shoshana
9 months ago
A) Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC
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Arlette
11 months ago
Haha, F is a classic 'bury your head in the sand' move. I bet that's what the management team wishes they could do, but ethics dictate we have to address this properly.
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Chantell
10 months ago
E) Attempt to increase the level of insurance cover against this type of eventuality
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Glory
10 months ago
C) Draw up contingency plans in case some of TDC's power stations need to be shut down
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Martina
10 months ago
B) Send experts employed by TDC to the site of the collapse so that they can gather information first hand on what happened
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Twanna
10 months ago
A) Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC
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Kimi
11 months ago
I'm not sure about B and E. Sending experts to the collapse site and increasing insurance cover seem like good ideas too.
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Bette
11 months ago
I agree with you, Edna. A review by structural engineers and having contingency plans are important.
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Lonna
11 months ago
I agree, A, C, and E are the right moves. But I'm not sure about B - do we really want to risk sending our own people to the collapse site? Seems a bit risky.
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Josue
10 months ago
B) Send experts employed by TDC to the site of the collapse so that they can gather information first hand on what happened
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Irma
10 months ago
E) Attempt to increase the level of insurance cover against this type of eventuality
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Hana
11 months ago
C) Draw up contingency plans in case some of TDC's power stations need to be shut down
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Eleonora
11 months ago
A) Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC
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Edna
11 months ago
I think A and C are ethical actions to take.
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Cornell
11 months ago
Options A, C, and E are definitely the ethical choices here. We need to act proactively to ensure the safety of our power stations and protect the company's interests.
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Agustin
11 months ago
E) Attempt to increase the level of insurance cover against this type of eventuality
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Agustin
11 months ago
C) Draw up contingency plans in case some of TDC's power stations need to be shut down
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Agustin
11 months ago
A) Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC
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