Online Access Free CIMA.P3.v2022-12-30.q112 Practice Test (Page 23)

P3 Exam Question 106

Select the most appropriate level of responsibility for managing each of the following risks.

P3 Exam Question 107

Which of the following are threats to the control environment?

A.Directors ignoring unethical practices that increase sales.

B.Regularly changing procedures to comply with legislation.

C.Internal auditors not following up on internal control problems.

D.Allowing staff to follow unwritten policies.

E.Directors not producing receipts for their expenses.

P3 Exam Question 108

R is a manufacturer of biscuits. The market for biscuits is extremely competitive with many companies competing for contracts with large supermarkets. The intensity of the competition means that prices are kept low; and the buyers can demand higher levels of quality, and greater flexibility in supply arrangements.
Which of the following represent ways that the use of an Information System could help R to win and retain supermarket contracts in such a competitive market?

A.It could be used to facilitate more timely and accurate delivery which would minimising waste.

B.It would mean that R's products would be more prominently displayed on the supermarket shelves.

C.If R's system is integrated to that of a particular supermarket then other supplier's systems cannot also be integrated to that supermarket system.

D.It could facilitate product ordering and selection by the use of Electronic Data Interchange.

E.If R's system is integrated with that of a particular supermarket, then this will make it more expensive for the supermarket to change to a different supplier.

P3 Exam Question 109

The internal audit department should always give a report at the end of its audit. This report is intended to be useful and help the company going forward. The report should always include any recommendations for improvements. Which of the following statements are true and which are false?