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CIMA Strategic P3 Question # 7 Topic 1 Discussion

P3 Exam Topic 1 Question 7 Discussion:
Question #: 7
Topic #: 1

R is a company running 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 if something similar were to happen in Europe the consequences for R could be catastrophic.

Which of the following actions being considered by the Risk Committee are ethical?
A.

Commission a reputable firm of structural engineers to carry out a review of all power stations owned by R.

B.

Decide that the information available to date is too uncertain to take any action for now.

C.

Send experts employed by R to the site of the collapse so that they can gather information first hand on what happened.

D.

Issue a press release confirming that all R's power stations are "entirely safe".

E.

Attempt to increase the level of insurance cover against this type of eventuality.

F.

Draw up contingency plans in case some of R's power stations need to be shut down.

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Actual exam question for CIMA P3 exam by Talon40854 at May 30, 2025, 5:50:09 AM

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