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Free 8009 – Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Practice Test Question

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Showing 7–9 of 10 questions

Question 7

The early 2003 trading strategy of China Aviation oil was

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  • ○

    to buy calls and sell puts

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    to buy puts and sell calls

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    to sell puts and buy calls

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    to sell calls and buy puts


Question 8

Mary Jones wants the Bylaws of PRMIA to be changed so that people can't join PRMIA unless they meet a set of criteria she has devised with her colleagues. She can do this by getting which of the following approvals:

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  • ○

    The Board of Directors, but only if the Blue Ribbon Panel affirms the change

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    The Board of Directors and a majority of the Members

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    The Board of Directors alone

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    34 of all Members


Question 9

Which of the following should NOT be part of the Risk Management Infrastructure?

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    Define the organization's definition of risk management as articulated by the Board in clear and uncertain terms

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    Include financial risk management, compliance and external reporting and, to the extent that resources allow, should exclude legal or accounting

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    Be independently staffed and report to an employee who is on the Executive Committee
    (Operating Committee) but who is NOT a business unit leader

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    Review continually the application of the Principles of Good Governance to the Risk Management Infrastructure, financial accounting and reporting infrastructure and the organization as a whole