Free CIMA CIMAPRO19-P03-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRO19-P03-1-ENG exam questions and correct answers

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Total 278 Questions | Updated On: Feb 18, 2025

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Question 1

KLtdisan on-line travel agency specialising in budget package holidays to a small number of popular locations. The holidays that it sells are made up of a 'package' of flights, hotel accommodation and food. K Ltd's Finance Director is concerned that the company'sscope of operation is too narrow and wishesto diversify.

IdentifyTWOactions that K Ltdshould take immediately.

A : t up a number of activity holidays; adventure, sports and trekking for example.

B : lk book cruise accommodation and create a special package deal for retired couples.

C : Expand the number of locations it currently serves.

D : -image the locations it currently serves to make them more exotic and family friendly.

E : view the customer base looking at feedback, repeat sales and single visit statistics.

F : gage market researchers to look at future trends in holiday requirements.

Answer: A

Question 2

WhichTHREEof the following are principles of good corporate governance according to the UK Corporate Governance Code?

A : adership

B : liability

C : muneration

D : nesty

E : countability

Answer: A,C

Question 3

Which of the following is an ethical dilemma?

A : company is considering giving poorly-paid staff a generous pay rise.

B : company is deciding whether to issue debt or equity.

C : company is deciding whether to make a substantial bonus payment to its directors by means of cash or shares.

D : company must decide whether to settle a claim from an employee who appears to have fabricated a workplace injury. The company want to avoid the cost of defending the claim.

Answer: A

Question 4

Company M has lost 25% of its revenue in the last three months due to bad debts. One of thereceivables written offwasfroma long standing customer and the other three werefromnew customers. The management accountant has warned the sales team that the company cannot survive any more substantial bad debts.

Which of the following internal controls should be put in place to try and prevent further bad debts?

A : credit check should be carried out on each new customer.

B : edit limits should be set for all customers. However, if the credit limit will cost a sale then sales staff can override this limit.

C : o sales staff must authorise new customers and sign a form stating that they have done so.

D : aged analysis of customer balances must be reviewed every month.

E : soon as a customer payment is overdue they should not be allowed to purchase more until their balance has been reduced.

Answer: A,D

Question 5

The acronym VPN stands for.

A : rified Private Network

B : rtual Private Network

C : ry Personal Network

D : rtual Personal Network

Answer: B

Page: 1 / 56

Total 278 Questions | Updated On: Feb 18, 2025

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