Free CIMA CIMAPRO19-P03-1-ENG Practice Exam Questions and Answers 2026

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Total 278 Questions | Updated On: Apr 01, 2026

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Question 1

The acronym VPN stands for.

A : Verified Private Network

B : Virtual Private Network

C : Very Personal Network

D : Virtual Personal Network

Answer: B

Question 2

An electricity company owns and operates a nuclear power station located ten miles from a large city. A recent and very extensive engineering examination of the power station concludes with the estimate that the probability of a major nuclear disaster within the next 20 years is 0.2%.Which of the following best explains the relevance of quantifying the risk in that way?

A : There is no acceptable level of risk for a major nuclear accident and so the probability has little information value in itself.

B : The probability is so low as to be ignored.

C : The directors will be able to argue that they were not negligent in the event of a major disaster within the 20 year period.

D : The calculation of a precise probability demonstrates that the engineers who conducted the inspection are experts in their field.

Answer: A

Question 3

With regard to the rote of the audit committee which of the following statements are correct? Select ALL that apply

A : The audit committee should design the system of internal controls

B : The audit committee should decide annually whether it needs an internal audit function

C : The audit committee should decide annually whether it needs an external audit function

D : The audit committee should review and monitor the effectiveness of the company-s internal audit function

E : The audit committee should provide arrangements for whistle blowing

F : The audit committee should engage consultants to carry out business reviews

Answer: A,D

Question 4

James owns a small company which sometimes suffers from credit risk.Which of the following measures should he put in place to help reduce this risk?

A : Introduce credit checks for new customers.

B : Reduce the company bank loans.

C : Pay suppliers' invoices quicker.

D : Look for a loan with a lower interest rate.

Answer: A

Question 5

H Ltdis a company providing postal and courier services to small businesses. Customers pay a monthly or annual subscription fee to use the service, plusaverysmall fee for each item delivered.A year ago, H employed a newsalesteam. Their remuneration is dependent on the number of new customers they sign up. Sales increased dramatically in the first six months, but nowdifficulties are emerging such as new customers dropping their subscription once the initial period has expired; subscriber direct debits being returned unpaid; subscribers going out of business and other similar issues.Which of the following would be appropriate to help resolve these problems?

A : Alter the pricing structure in order to increase the price for sending each item but decrease the subscription element of the fee.

B : Ensure that a credit check is carried outbefore a subscriber is accepted.

C : Reduce the rate of commission payable to any sales person who fails to sign up at least an agreedminimum number of customers each month.

D : Alter the commission arrangements so that commission is payable only when the subscriber signs up for a second year.

E : Preparing a monthly report for sales persons detailing the performance of each new customer they have signed up over the previous year.

Answer: A,B,D

Page: 1 / 56

Total 278 Questions | Updated On: Apr 01, 2026

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