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CIMA Exam CIMAPRO19-P03-1 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?

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Suggested Answer: B, C, E

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

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Graciela
4 months 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.
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Linn
2 months ago
Exactly, as long as the company can bear it, residual risk can be accepted.
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Shantay
2 months ago
Definitely. It's important for management to assess if the company can handle the residual risk.
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Shaunna
2 months ago
I think so too. It's all about weighing the risks and benefits.
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Murray
2 months ago
Yes, it's all about managing and accepting the risk that remains.
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Nu
2 months ago
I agree, B and D make sense. Residual risk is inevitable.
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Iluminada
3 months ago
I agree, B and D make the most sense. Residual risk is inevitable.
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Salina
4 months 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.
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Novella
2 months ago
Exactly, if residual risk is too great, then the company should not expose itself to the risk situation.
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Salina
2 months ago
If management feels the company can bear the risk, residual risk may be accepted.
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Kristofer
3 months ago
Definitely, residual risk is the risk that remains after risk mitigation has taken place.
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Ryan
4 months ago
I agree, residual risk has to be accepted.
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Fidelia
4 months 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.
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Paris
4 months 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.
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Edison
3 months ago
Yeah, I think it's important to assess the residual risk and make a decision based on what's best for the company.
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Yuonne
3 months ago
I agree, B and D make sense. Residual risk is manageable if the company can handle it.
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Tracie
4 months 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.
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Ronny
4 months 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.
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Mireya
5 months ago
I think the answer is B) Residual risk is the risk that remains after risk mitigation has taken place.
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