Free CIMA CIMAPRA19-P03-1-ENG Exam Questions

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

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Total 276 Questions | Updated On: Jan 28, 2026

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Question 1

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 2

DFR is an online retailer that sells picture frames The software running on DFR's website enables customers to log in and make purchases by inputting an email address as a user name and a password that must contain at least eight characters, including upper and lower case letters, numbers and punctuation marks (e.g. , $ or!) Once logged in, customers can check previous orders that they have placed.
Customers can also use DFR's website to change personal details, including credit card numbers and delivery addresses Whenever they wish to use those facilities, the software sends a text message containing a six-digit number to their mobile phones They must input that number before the system will accept changes to their personal details
Which TWO of the following statements are correct?

A : It is illogical to have different security measures in place for orders and for access to personal details.

B : software treats customers' personal details as being more sensitive than their ordering histories

C : arrangement with the text message will have no effect on the security associated with changing personal details

D : tomers should be able to update the mobile phone numbers in their DFR accounts using only their email addresses and passwords for access

E : software should never show the whole of a customer's credit card number on screen, even if the customer has logged in and input the six-digit number.

Answer: A,C

Question 3

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

Question 4

M, a manufacturing company, has had some problems with defects in one of the main productsitproduces. This product has been made by the company for many years and is very profitable. Last monthithad over 300 defects reported by customers which is more than 15% of products sold. This is a reputation risk for M and is also affecting profitability
Which of the following controls could M introduce to reduce defects and also increase profitability?

A : could increase the number of quality control staff.

B : could introduce a procedure where quality control staff sign a form at the end of each dayto say they have examined 1 in 10 products for defects and they are satisfied with the quality.

C : production director could examine one in every 10 products and sign a form to say they are satisfactory.

D : could service machinery at least once a month as recommended by the machinery supplier.

E : could check all employees qualifications to ensure they are qualified for their jobs.

Answer: A,B,D

Question 5

A capital investment project shows a NPV of 3,450 at a discounted rate of 8% and an NPV of 1,210 at a discounted rate of 9%.
Whatistheinternal rate ofreturn?

A : 11.85%

B : 10.85%

C : 10.54%

D : 9.54%

Answer: D

Page: 1 / 56

Total 276 Questions | Updated On: Jan 28, 2026

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