Get real 8009 exam questions for better preparation

PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Sample Questions:

1. For the sentence
"The organization shall encourage all employees to keep abreast of the latest developments in their particular areas of expertise, through ____________, _____________, and _____________ and shall make adequate resources available to enable this to occur," Choose the correct combinations of words from the following options:

A) journals, courses, compliance mandates
B) courses, conferences, journals
C) courses, educational certification, journals
D) conferences, discussion groups, blog sites

2. A risk manager has just completed a risk assessment project. The report has been given to the risk manager's direct supervisor, who refuses to escalate the material issues raised in the report. Further, the direct supervisor edits the report to remove the section describing the material risk, who then submits it to the firm's Executive Committee.
According to the PRMIA Standards of Best Practice, Conduct and Ethics (Code of Conduct), which of the following actions is most appropriate:

A) If the risk manager deems it appropriate, he / she should send a copy of the original report to the CEO
B) The risk manager should attempt to resolve the conflict with the direct supervisor, but if that does not work, they should contact the Whistle-Blowing Hotline of the organization. If no such hot-line is in place, they should contact the PRMIA Ethics Committee
C) The risk manager has submitted the report to their direct supervisor and their obligation ends at this point, nothing further should be done
D) Escalation of the issue is against the Code of Conduct because one should respect the administrative structure of the organization

3. Barings failed to recognize that Nick Leeson's losses were increasing because:

A) Leeson ran the front office
B) Leeson hid his trades in a suspense account
C) The London office did not ask for any reports
D) The margin report sent to London did not show the true margin needs

4. John Smith wants to run for election to the Board of Directors of PRMIA. To be nominated, he needs:

A) To go through a screening process conducted by the Nominations Committee
B) The backing of five other members and to be serving on at least one PRMIA Committee
C) The backing of 6% of local members
D) The backing of three other members

5. According to the G-30 Study, the risk management infrastructure's funding must be

A) determined at the Board level without influence by business unit leaders
B) determined by the regulators
C) determined by business-unit leaders
D) determined at the Board level with inputs from business unit leaders

Solutions: