CIMAPRO19-P03-1 Exam - Topic 7 Question 84 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam

Question #: 84
Topic #: 7

[All CIMAPRO19-P03-1 Questions]

Which of the following statements are true of residual risk?

AResidual risk has to be accepted.

BResidual risk is the risk that remains after risk mitigation has taken place.

CIf residual risk is too great then the company should not expose itself to the risk situation.

DResidual risk may be accepted if management feels the companycan bear the risk.

EResidual risk should never be accepted.

Show Suggested Answer

Suggested Answer: B, C, E

by Leonora at Dec 10, 2024, 08:07 AM

Limited Time Offer

25%

Off

Get Premium CIMAPRO19-P03-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lashawn

6 months ago

I think some residual risk can be okay if managed right.

upvoted 0 times

...

Josephine

6 months ago

If it’s too high, definitely don’t expose yourself!

upvoted 0 times

...

Jannette

6 months ago

Wait, are we really saying residual risk should always be accepted?

upvoted 0 times

...

Rochell

7 months ago

Totally agree, companies have to accept some level of risk.

upvoted 0 times

...

Hillary

7 months ago

Residual risk is what’s left after mitigation.

upvoted 0 times

...

Vivienne

7 months ago

I think D is correct as well. Management often has to weigh whether they can handle the residual risk, but E seems too absolute to me.

upvoted 0 times

...

Kathryn

7 months ago

I feel like statement C makes sense too. If the residual risk is too high, it seems logical that a company should avoid that risk altogether.

upvoted 0 times

...

Derick

8 months ago

I’m not sure about A. I remember something about how residual risk can sometimes be accepted, but it doesn’t have to be.

upvoted 0 times

...

Lisbeth

8 months ago

I think statement B is definitely true because residual risk is what’s left after we’ve done all we can to mitigate risks.

upvoted 0 times

...

Buck

8 months ago

I'm feeling confident about this one. Residual risk is the leftover risk, and it's often necessary to accept some level of it. I'll carefully review the options and select the true statements.

upvoted 0 times

...

Lashon

8 months ago

Ah, this is a good test of my understanding. I'll need to apply the key principles of residual risk and make sure I don't overthink it.

upvoted 0 times

...

Merilyn

8 months ago

Okay, I've got a good handle on this. Residual risk is the risk that remains after mitigation efforts, and it can be accepted if the company can bear the risk. I'll select the relevant options.

upvoted 0 times

...

Vernice

8 months ago

Hmm, I'm a bit unsure about this one. The concepts of residual risk and risk mitigation can be tricky. I'll need to think it through step-by-step.

upvoted 0 times

...

Tori

8 months ago

This seems like a straightforward question about residual risk. I'll start by carefully reading through the options and thinking about what I know about residual risk.

upvoted 0 times

...

Graciela

1 year ago

Hmm, B and D seem to be the most balanced options. Residual risk is a fact of life, and sometimes you just have to embrace it. As long as the company can handle it, of course.

upvoted 0 times

Linn

11 months ago

Exactly, as long as the company can bear it, residual risk can be accepted.

upvoted 0 times

...

Shantay

12 months ago

Definitely. It's important for management to assess if the company can handle the residual risk.

upvoted 0 times

...

Shaunna

12 months ago

I think so too. It's all about weighing the risks and benefits.

upvoted 0 times

...

Murray

12 months ago

Yes, it's all about managing and accepting the risk that remains.

upvoted 0 times

...

Nu

12 months ago

I agree, B and D make sense. Residual risk is inevitable.

upvoted 0 times

...

Iluminada

1 year ago

I agree, B and D make the most sense. Residual risk is inevitable.

upvoted 0 times

...

Salina

1 year ago

Haha, if residual risk is never accepted, then I guess companies should just pack up and go home, right? B and D are the clear winners here.

upvoted 0 times

Novella

11 months ago

Exactly, if residual risk is too great, then the company should not expose itself to the risk situation.

upvoted 0 times

...

Salina

12 months ago

If management feels the company can bear the risk, residual risk may be accepted.

upvoted 0 times

...

Kristofer

1 year ago

Definitely, residual risk is the risk that remains after risk mitigation has taken place.

upvoted 0 times

...

Ryan

1 year ago

I agree, residual risk has to be accepted.

upvoted 0 times

...

Fidelia

1 year ago

I'm going with B and D as well. Residual risk has to be managed, not necessarily avoided at all costs. A and E feel a bit too black and white.

upvoted 0 times

...

Paris

1 year ago

Well, B and D sound about right to me. Residual risk is what's left after mitigation, and sometimes it's worth accepting if the company can handle it. The others seem a bit too extreme.

upvoted 0 times

Edison

1 year ago

Yeah, I think it's important to assess the residual risk and make a decision based on what's best for the company.

upvoted 0 times

...

Yuonne

1 year ago

I agree, B and D make sense. Residual risk is manageable if the company can handle it.

upvoted 0 times

...

Tracie

1 year ago

I'm not sure about that. I think the answer could also be D) Residual risk may be accepted if management feels the company can bear the risk.

upvoted 0 times

...

Ronny

1 year ago

I agree with you, Mireya. Residual risk has to be accepted, so it makes sense that it's the risk that remains after mitigation.

upvoted 0 times

...

Mireya

1 year ago

I think the answer is B) Residual risk is the risk that remains after risk mitigation has taken place.

upvoted 0 times

...