Free CIMA CIMAPRA19-P03-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA19-P03-1-ENG exam questions and correct answers

Page: 1 / 56

Total 276 Questions | Updated On: Mar 24, 2026

Add To Cart

Question 1

C is a large international supermarket chain. It has many thousands of suppliers and many thousands of potential suppliers competing for shelf space m its supermarkets.
Which of the following provisions would be appropriate for C to include m its ethical code in relation to its suppliers?
Select ALL that apply

A : hall insist on an exclusivity agreement with each supplier so that identical products are not available from other outlets

B : hall endeavour to adhere to the terms of its contracts with its suppliers at all times

C : hall continuously remind suppliers that it always has several alternative suppliers to choose from.

D : hall not use its buying power unscrupulously.

E : hall keep confidential all information received from suppliers and potential suppliers

F : hall endeavour to take as high a percentage of each supplier's output as possible

Answer: A,B,D

Question 2

Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA)as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR)future would be better.
Which of the following is true of an STIR?

A : TIR can be tailored to the exact needs of the company.

B : TIR is flexible and the position can be closed quickly and easily

C : TIR must be kept for the whole duration of the contract.

D : interest rates have gone down the price of the future will have fallen.

Answer: B

Question 3

Which of the following statements are correct?

A : is always possible to remove all risks when undertaking large projects.

B : a project has high risks it should always be accepted as the rewards will always be high.

C : a project has low risks it will usually have relatively low returns.

D : k can always be transferred to someone else.

E : k should be carefully considered when evaluating possible future projects.

Answer: A,C

Question 4

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 $.

A :

Answer:

Question 5

You have been assigned the role of lead internal auditor. Your task is to carryout the annual assessment of the production line maintenance department.
When planning for this audit, which of the following must be completed?

A : epare the report.

B : tablish whether the controls are adequate or not.

C : cide how the controls will be tested.

D : arn all about the systems and controls in the department.

E : refully consider any control weaknesses that are reported.

F : view previous audit findings for the department.

Answer: A,C,D

Page: 1 / 56

Total 276 Questions | Updated On: Mar 24, 2026

Add To Cart