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It contains PRMIA 8004 Exam Sims exam questions and answers.
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8004 PDF DEMO:
QUESTION NO: 1
PRMIA Governance Principles
A. must be adhered to by all PRMIA member organizations
B. is a set of recommendations based on research and best practice
C. must be adhered to by all PRM charter holders
D. must be adhered to by all financial firms that are PRMIA members
Answer: B
QUESTION NO: 2
Which of the following would have contributed to noticing and preventing Leeson's violations at
Barings?
A. Separation of front and back offices
B. More senior level involvement at Barings regarding use of derivatives
C. Recognition that large profits can be an indicator of higher risk
D. All of the above
Answer: D
QUESTION NO: 3
A PRMIA member is offered a highly paid work assignment on the condition that some aspects of assignment are not to be done according to PRMIA standards.
What should they do?
A. Perform the assignment, noting in the final report the standards to which the assignment was done
B. Accept the assignment, produce and deliver two reports according to both standards
C. Accept the assignment, and prior to doing any work, report the conflict of interest to the organization's compliance department
D. The PRMIA member should place the integrity of the risk management profession and users of risk management above their own personal interests, and refuse the work
Answer: D
QUESTION NO: 4
Zheng Zhu wants to open a new PRMIA Chapter in Wuhan, China. He can do this if:
A. At least 100 members live within 50 miles
B. A local business sponsors the chapter
C. Approved by the Board of Directors
D. All of the above
Answer: C
QUESTION NO: 5
The Chair, Vice Chair, Secretary and Treasurer of the PRMIA Board of Directors are elected by:
A. All PRMIA Fellow Members
B. The Regional Directors
C. The Blue Ribbon Advisory Panel
D. A two-thirds affirmative vote of all members
Answer: B
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Updated: May 26, 2022