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最新的 CIMA Strategic Level Case Study Exam P3 免費考試真題:
1. An internal audit investigation involved conducting compliance tests on the processing of purchase invoices.
The purchase ledger clerk compares invoices against purchase orders and passes them for payment The invoices are then input into a computerised purchase ledger system The system checks that the supplier has a valid purchase ledger account, as authorised by the chief buyer, before crediting the supplier's account with the value of the invoice.
The internal auditor checked a sample of recorded purchase invoices against their corresponding purchase orders The internal auditor found four cases where invoices could not be agreed to corresponding purchase orders.
What is the potential significance of this compliance error?
A) Payments could be made to non-existent suppliers
B) The purchase ledger clerk could make fraudulent payments to herself.
C) The purchase ledger clerk could have ordered goods for her own personal use.
D) The discrepancy is a minor one and should be ignored
2. JHG manufactures inexpensive cars that compete largely on price Its cars have very basic equipment and small but economical engines JHG's Board is considering launching a luxury brand of cars that will be far better equipped, more comfortable and have much better performance Which THREE of the following would be relevant factors to incorporate into the stress testing of this new strategy to create a luxury brand?
A) Sales of JHG's existing range of cars
B) Increased tax on vehicle emissions
C) The cost of designing new cars.
D) Potential changes in interest rates.
E) Reductions m motorway speed limits
F) The need for consumer research
3. Which categories on a risk map best describe the loss of sales floor staff in a fast fashion chain?
A) High likelihood, low consequence
B) High likelihood; high consequence
C) Low likelihood; low consequence
D) Low likelihood; high consequence
4. The treasurer of IOK is considering entering into a money market hedge in order to hedge a payable.
Which of the following might be valid explanations for the use of a money market hedge for this purpose?
A) The timing of the payable does not permit the use of a forward contract.
B) There are no forward contracts available for the purchase of the payable currency using IOK's home currency.
C) The relevant currency markets are very thinly traded and the treasurer believes that forward contracts are mispriced.
D) A money market hedge is easier and less expensive to organise than a future or forward contract.
E) Money market hedges can be unwound whereas positions in derivatives cannot.
5. R plc is considering an investment of $1,100,000 in a new machine which is expected to have substantial cash inflows over the next five years.
The annual cash flows from this investment and their probability are shown below:
Annual cash flow ($) Probability
200,000 0.4
280,000 0.5
350,000 0.1
At the end of its five-year life, the asset is expected to sell for $100,000. The cost of capital is 5%.
What is the Expected Net Present Value?
Give your answer to the nearest whole $.
問題與答案:
問題 #1 答案: B | 問題 #2 答案: A,B,C | 問題 #3 答案: A | 問題 #4 答案: A,B,C | 問題 #5 答案: 僅成員可見 |
103.31.214.* -
感謝你們給我提供的幫助,太棒了!我順利的通過了 P3 測試。