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

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Lashawn

3 months ago

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

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Josephine

3 months ago

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

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Jannette

3 months ago

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

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Rochell

4 months ago

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

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Hillary

4 months ago

Residual risk is what’s left after mitigation.

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Vivienne

4 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.

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Kathryn

4 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.

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Derick

4 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.

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Lisbeth

5 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.

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Buck

5 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.

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Lashon

5 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.

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Merilyn

5 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.

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Vernice

5 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.

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Tori

5 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.

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Graciela

10 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

8 months ago

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

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Shantay

8 months ago

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

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Shaunna

8 months ago

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

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Murray

9 months ago

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

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Nu

9 months ago

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

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Iluminada

9 months ago

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

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Salina

10 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

8 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

9 months ago

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

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Kristofer

10 months ago

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

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Ryan

10 months ago

I agree, residual risk has to be accepted.

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Fidelia

10 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

10 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

9 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

9 months ago

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

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Tracie

11 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

11 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

11 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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