[2022年02月12日]P3試験問題集、P3練習テスト問題 [Q79-Q104]

[2022年02月12日]P3試験問題集、P3練習テスト問題

無料で使えるP3学習ガイド試験問題と解答

質問 79
CW is a large company in the food production industry. It has grown over the years by the acquisition of several smaller rivals CW has ten branches located in its home country and has just opened a foreign branch for the first time It has recently made some changes to the structure and implementation of its control system.
Which TWO of the following changes would be most likely to improve the overall control system?

A. Purchase invoices are now approved for payment at branches and a list of approved invoices are sent to head office for payment The invoices, supporting documentation and suppliers' statements are retained at the branches
B. A policy has been initiated to complete a physical inventory of all non-current assets at least annually This is then reconciled with the non-current asset register
C. Establishing an internal audit department
D. CW has just opened a bank account in the currency in which the newly opened branch is now operating
E. Excess funds are now invested, by the finance director, in short-term securities The finance director initiates buy and sell transactions and she also receives and retains all correspondence relating to the investments

正解: A,C

質問 80
Y Company wishes to recruit an employee who will have responsibility for the receipt and handling of cash From the point of view of the internal auditor which THREE of the following would be most likely to provide useful information about the candidate"?

A. The candidate's personal referees
B. The candidate's academic qualifications.
C. References from previous employers of the candidate.
D. The candidate's membership of a professional body
E. Confirmation that the candidate does not have a criminal record

正解: A,C,D

質問 81
Company N is considering opening another production plant in Northland, a country 2000 km from its current production plant location N would also sell its products in Northland Which TWO of the following are business risks'

A. The risk that it may be difficult to sell its products in Northland.
B. The risk that Northland may not be able to support N's technology requirements.
C. The risk that Northland's government may introduce policies that would be unfavorable to N.
D. The risk that interest rates may rise making N's loans expensive.
E. The risk that the Northland currency may strengthen making it expensive.

正解: A,B

質問 82
V buys vegetables and fruit from three farms located in a different part of V's country and sells them to large supermarket chains.
A recent newspaper magazine had an article on these farms showing that the farms employ illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant conditions. They are forced to live in small overcrowded caravans with no running water. They are also given meals which are cold and poor quality. These farms are located in a developed country with strong labour laws.
Classify each of the following statements as true or false.

正解:

解説:

質問 83
YHJ is considering an investment in a project that will cost $20 million. Annual fixed costs will be $12 million per year, excluding depreciation. Annual sales are forecast at 5 million units, with a contribution per unit of
$8. After five years the equipment will be worn out and YHJ will have to spend $50 million on disposal costs.
The discount rate is 10%.
Calculate the sensitivity of the net present value of this project to a 20% increase in the disposal costs.

A. 13%
B. 11%
C. 20%
D. 31%

正解: B

質問 84
V buys vegetables and fruit from three farms located in a different part of V's country and sells them to large supermarket chains.
A recent newspaper magazine had an article on these farms showing that the farms employ illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant conditions. They are forced to live in small overcrowded caravans with no running water. They are also given meals which are cold and poor quality. These farms are located in a developed country with strong labour laws.
Classify each of the following statements as true or false.

正解:

解説:

質問 85
V buys vegetables and fruit from three farms located in a different part of V's country and sells them to large supermarket chains.
A recent newspaper magazine had an article on these farms showing that the farms employ illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant conditions. They are forced to live in small overcrowded caravans with no running water. They are also given meals which are cold and poor quality. These farms are located in a developed country with strong labour laws.
Classify each of the following statements as true or false.

正解:

解説:

質問 86
JKL makes large export sales to customers in country X, whose currency fluctuates significantly against JKL's home currency JKL also makes large purchases from suppliers in countrrOC All of these transactions are in country X's currency JKL's treasurer does not actively hedge currency risks because there is a natural hedge in place due to the company making both sales and purchases in the same currency JKL's board has instructed the treasurer to put active hedging measures in place because the risk report would otherwise have to disclose the fact that JKL has a currency risk which is not actively hedged Which of the following statements are correct? Select ALL that apply.

A. The board may be concerned it will be criticised if it does not hedge
B. Risk reporting is a bad thing
C. Risk reports can change behaviour
D. The board does not want to be blamed for ignoring a risk.
E. Risk reporting drives the whole risk management process

正解: A,C,D

質問 87
VBN uses a balanced scorecard to monitor the performance of its divisions.
Classify each of the following decisions taken by a division's management team as either commercially sound or dysfunctional.

正解:

解説:

質問 88
CDE an online ticket sales agent, has unwittingly become an accomplice in cyber crime and is suffering attacks on its own business as a result CDE's website was poorly designed and cyber-attackers have managed to inject the site with malware, so that it collects all of CDE's customer log-in information and enables the cyber-attackers to retrieve it.
The cyber-attackers subsequently use this information to set up Botnet agents in the customers' devices which are then used in a Distributed Denial of Service (DDoS) attack whenever very popular tickets are being placed on sale such as international football matches.
The cyber-attackers secure access to a single portal on the site and buy multiple tickets for subsequent sale on the black market while the DDoS causes all other portals to be overloaded preventing real fans acquiring the tickets at face value.
Which TWO of the following apply in this scenario?

A. CDE is likely to lose the ticket franchise for international football events
B. CDE will remain just as profitable selling to the black market as to real fans
C. CDE customers will turn to other ticket sources for their tickets
D. CDE will need to implement a new firewall to prevent this type of attack.
E. CDE is likely to face significant fines for the breach.

正解: C,D

質問 89
Physical access controls can greatly enhance the security of company assets.
Select THREE methods by which physical access security can be significantly enhanced.

A. Personal individual ID card access, logging individual person movement through every door, which is otherwise locked.
B. Use of access control pads with numerical keys on every door, which is otherwise locked.
C. Use of USB sticks and removable media should be prohibited.
D. Visitors to be logged in by security staff and to be accompanied by a member of staff at all times until they leave.
E. Use of one way mirrors, so people can be observed undetected.
F. Use of CCTV cameras monitoring all access points, with security guards monitoring images and a secured system making a recording.

正解: A,D,F

質問 90
HBN is a service company that offers cloud-based data storage and management on behalf of clients HBN pays an independent accountancy firm to review its cybersecurity arrangements, conduct penetration tests and report to HBN's Board on the results Which TWO of the following are correct?

A. The independent accountancy firm will disclose all of the shortcomings that it identifies in its report, even if they embarrass HBN
B. Potential clients for HBN's services will expect to receive copies of these independent reports immediately after they are submitted.
C. HBN could save time and reduce cost by having its own internal audit department conduct these investigations and report accordingly.
D. It would prove simpler for HBN to permit clients to conduct their own cybersecurity reviews that would take account of the sensitivity of their data
E. The independent accountancy firm will guarantee that there are no control weaknesses in HBN's systems, provided its results prove satisfactory

正解: C,D

質問 91
Which of the following summarises Purchasing Power Parity Theory (PPPT)?

A. PPPT predicts that the country with the lower inflation rate will see the currency devalue accordingly.
B. The difference between the interest rates in the two countries is equal to the differential between the spot and the forward exchange rate for the currency in the two countries.
C. The difference between the spot and the forward exchange rates is equal to the differential between the inflation rates in the two countries.
D. Government intervention cannot affect the inevitable rise or fall of its currency in the short-term.

正解: C

質問 92
In relation to the use of the adjusted present value (APV) technique, which of the following statements are correct?

A. The weighted average cost of capital - net present value technique and the APV technique will, if applied correctly, give the same answer.
B. To apply APV, the proportions of debt and equity in the capital structure must be known.
C. The interest tax shield on the project's debt must be known, or at least estimated.
D. To apply APV the actual amounts of debt and equity in the capital structure must be known.

正解: A,C

質問 93
HIW manufactures motorcycles and has factories in several countries HIW produces several different types of motorcycle, with different models often being tailored to suit the needs of customers in specific countries HIW has identified a positive net present value project to build a new factory in Farland, which will make motorcycles for sale in Farland and for export to neighbouring countries HIW has not previously traded in Fartand or its neighbours Farland is regarded as politically and economically unstable and its currency is highly volatile against other leading currencies HIWs Board wishes to consider the interests of different stakeholder groups who will be affected by the investment in Farland The Board recognises that there could be conflict between the goals of maximising profit and of maximising shareholder wealth Which THREE of the following statements are correct?

A. The new facility will increase earning capacity but the instability may mean profits are lower than expected.
B. Shareholder wealth the project appraisal must consider the long term the Farland economy
C. HIWs share price must rise when the Farland project is announced.
D. In order to focus on profit maximisation, the appraisal needs to consider the time value of money
E. In order to focus on maximising shareholder wealth the project appraisal must consider the long term impact of the project.

正解: A,B,E

質問 94
Which THREE of the following are principles of good corporate governance according to the UK Corporate Governance Code?

A. Reliability
B. Remuneration
C. Leadership
D. Honesty
E. Accountability

正解: B,C,E

質問 95
A publicly funded hospital has put various features in place in an attempt to improve strategic control and create an improved control environment.
Which TWO of the following features are most likely to meet this objective?

A. Ensuring that all medical staff are aware that their first priority should be to discharge patients as quickly as possible at all times so as to minimise wasting hospital resources.
B. The setting up of a Risk Management Committee to examine the strategic risks applicable to the entity and to formally report on a quarterly basis.
C. Ensuring that the Head of Internal Audit examines and authorises all expense claims by hospital staff.
D. An Audit Committee consisting of five independent persons with expertise in finance, human resources, and medicine.
E. A strict policy of capping the maximum salary payable to any employee at 110% of the average earned by that category of employee in the country in which the hospital is located.

正解: B,D

質問 96
B, a construction company, has a policy of carrying out a post completion audit on every construction project undertaken where the value exceeds $1 million.
What is the role of the post completion audit?

A. To reward staff and celebrate success.
B. To signify the end of the project.
C. To highlight what can be done to improve similar future projects.
D. To apportion blame for things not done well.

正解: C

質問 97
Identify, from the list provided, which category of business risk most accurately describes the events detailed below.

正解:

解説:

質問 98
VBN uses a balanced scorecard to monitor the performance of its divisions.
Classify each of the following decisions taken by a division's management team as either commercially sound or dysfunctional.

正解:

解説:

質問 99
KLO is a major quoted car rental company The company is considering publishing its first cyber risk management report AH rental bookings are made online Customers receive a booking reference number that they use to collect their cars from a convenient branch Customers enter their credit card details both so that KLO can take payment for their rental and also so that the customers can be charged automatically for late returns or damage to cars KLO's management believes that it has three key areas of cyber risk Cyber criminals may wish to make bookings using fictitious data in order to steal KLO's cars, they may wish to use customers details to identify addresses of people who are away from home so that they can burgle houses and they may wish to abuse customer credit card details KLO's Board is concerned that admitting to the nsk of stealing cars might encourage cnminals to exploit that vulnerability AJso. it is concerned that customers will be reluctant to rent cars if that would mean that their homes could be at risk of burglary while they are away The vulnerability of credit card details seems obvious and so the Board is not reluctant to admit to that.
Which TWO of the following are correct?

A. The Board should be clear about all sensitive information that the company holds, but should also be clear about the robust controls in place to safeguard that information.
B. The independent accountant's report on KLO's cyber risk management will refer only to those vulnerabilities that have been identified by KLO's Board
C. If KLO's Board omits one of more areas of concern from the report then the independent accountant who will sign the report is unlikely to discover that omission
D. Stakeholders will not care about the vulnerabilities faced by KLO provided the independent accountant can confirm that the company has sound systems in place
E. The independent accountant who will express an opinion on the risks and controls will be unwilling to sign the report unless it contains a full account of all risks and controls

正解: A,E

質問 100
Which categories on a risk map best describe the loss of sales floor staff in a fast fashion chain?

A. Low likelihood; low consequence
B. High likelihood, low consequence
C. Low likelihood; high consequence
D. High likelihood; high consequence

正解: B

質問 101
Which of the following actions would breach CIMA's Code of Ethics for Professional Accountants?

A. An accountant has been asked to evaluate an investment opportunity that is open for a very short time.
The accountant has recommended rejecting the opportunity without doing any evaluation because he was too busy to study the proposal properly.
B. An accountant has been asked to compile a list of all contacts at the company's bank so that they can be included in the mailing list for the calendar and coffee mug that are distributed as business gifts by the company in December of every year.
C. An accountant has been asked to select a new supplier and has decided to recommend a supplier based in country A because that will give the accountant an excuse to visit a family member who lives there.
D. An accountant has been asked to confirm that a complex financial instrument that has been recommended by the bank is suitable for the company. The accountant does not understand the instrument, but has confirmed its suitability because senior management wishes to use it.
E. An accountant has been asked to identify the two least profitable factories so that they can be closed down, with the loss of all jobs. All of the company's factories are located in areas of high unemployment.

正解: A,C,D

質問 102
The Head of IT Security has been asked to conduct a detailed forensic analysis of a suspected data breach that ted to customer credit card details being intercepted.
Which TWO of the following would be suitable objectives for such a forensic analysis?

A. Identifying customers whose details have been stolen
B. Preventing the credit card companies from blaming the entity for fraudulent charges
C. The collection of evidence that can be used to convict the perpetrators of the breach.
D. Developing an understanding of the vulnerabilities that led to the breach
E. Recovering the stolen credit card details before they can be abused by criminals

正解: A,D

質問 103
G plc has decided to move its production plant to overseas Country A.
This would make the product cheaper to produce. The technology used to make the product is very advanced and some of the staff would have to move to Country A.
The Production Director has identified that there are some political risks in moving to Country A.
Match the methods of reducing the political risks associated with the move to Country A with the corresponding risks.