CIMA CIMAPRA19-P03-1 Value Pack (Frequently Bought Together)

There are many method for appraising capital projects.
Select ALL correct statements.

• A. No one method of capital appraisal taken alone is adequate to evaluate competing projects.
• B. Decisions should only consider the financial implications of the project.
• C. Net Present Value evaluation considers a range of different discount rates considering different risk factors and finance methods.
• D. Opportunity cost is only relevant when capital is scarce.
• E. The time value of money should be the same for all similar competing projects.
• F. All projects should be evaluated using sensitivity analysis.

Which of the following are objectives of the audit planning procedure?

• A. To perform analytical review to identify possible areas for investigation.
• B. To work out the time and resources required for the audit.
• C. To work out how audit evidence will be obtained.
• D. To set out how audit objectives will be achieved.
• E. To perform substantive tests.

Which TWO of the following are NOT methods used for risk identification?

• A. Brainstorming ideas with colleagues from different disciplines within the business
• B. Carrying out interviews on key members of staff
• C. Accounting for waste in a manufacturing process
• D. Employing external advisors with specialist knowledge
• E. Designing a process to deal with complaints

A junior sales clerk at BCD, a wholesale jewellers, received an email which appeared to be from a well known parcel delivery company informing her that a delivery had been attempted outside office hours and had consequently failed She was asked to click on a link and complete some seemingly innocent but logical questions to effect the delivery on the next day She thought no more about it but was very surprised the next month to be awarded salesperson of the month as her sales had doubled Unfortunately, on investigation it was found that this was as a result of several fraudulent orders for high-value items that had seemingly been placed by an existing customer but delivered to a new address, which turned out to be a temporary box number The existing customer's credit card had been fraudulently charged for these orders Which of the following types of cyber-attack had the sales clerk been a victim of?

• A. Botnets
• B. Ransomware
• C. Malvertising
• D. Trojan

TDC is a company which runs gas-fired power stations in western Europe. The Risk Committee has just received a report that a power station built to the same design and specification in a developing country has recently collapsed. The causes of the collapse are unclear but the consequences for TDC would be catastrophic if something similar were to happen in Europe Which of the following actions being considered by the Risk Committee are ethical?
Select ALL that apply

• A. Attempt to increase the level of insurance cover against this type of eventuality
• B. Send experts employed by TDC to the site of the collapse so that they can gather information first hand on what happened
• C. Draw up contingency plans in case some of TDC's power stations need to be shut down
• D. Issue a press release confirming that all TDC's power stations are "entirely safe'.
• E. Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC
• F. Decide that the information available to date is too uncertain to take any action for now