CIMA Exam CIMAPRA19-P03-1 Topic 2 Question 49 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam

Question #: 49
Topic #: 2

TDC is a company which runs 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 the consequences for TDC would be catastrophic if something similar were to happen in Europe

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

Select ALL that apply

ACommission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC

BSend experts employed by TDC to the site of the collapse so that they can gather information first hand on what happened

CDraw up contingency plans in case some of TDC's power stations need to be shut down

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

EAttempt to increase the level of insurance cover against this type of eventuality

FIssue a press release confirming that all TDC's power stations are 'entirely safe'.

Show Suggested Answer

Suggested Answer: A, B, C

by Alaine at Jun 30, 2024, 08:52 AM

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Jaleesa

5 months ago

I disagree with F. Issuing a press release claiming all power stations are safe without proper investigation is unethical.

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Zoila

5 months ago

I believe B is also important. We need to gather information firsthand to prevent a similar incident.

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Willard

5 months ago

I agree with you, Earleen. A review and contingency plans are necessary.

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Earleen

5 months ago

I think A and C are ethical actions to take.

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Lawanda

5 months ago

Ohh, D and F would be a real laugh, wouldn't they? I mean, who do they think they're kidding? Nah, A, C and E are the way to go here. Gotta protect those power stations!

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Martin

4 months ago

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

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Tawna

4 months ago

C) Draw up contingency plans in case some of TDC's power stations need to be shut down

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Lavonne

5 months ago

A) Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC

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Denny

5 months ago

A and C seem like no-brainers to me. Can't believe they're even considering D or F - that's just asking for trouble down the line. Better safe than sorry, am I right?

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Jin

5 months ago

Haha, issuing a press release saying everything is safe? Wow, that's a bold move! I'd go with A, C and E - gotta take this seriously and do the right thing.

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Nobuko

5 months ago

I think so too. It's important to prioritize safety and be prepared for any potential risks.

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Luis

5 months ago

Yeah, I agree. A, C, and E seem like the most ethical options to me.

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Lynelle

6 months ago

A, B and C for sure. Gathering as much information as possible is crucial here. We can't just wait around and hope for the best - that would be irresponsible.

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Arlene

6 months ago

Definitely A, C and E. We need to thoroughly investigate the issue to ensure the safety of our power stations and have a plan in place just in case. Can't just ignore this and tell the public everything is fine.

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Martha

5 months ago

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

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Kimbery

5 months ago

C) Draw up contingency plans in case some of TDC's power stations need to be shut down

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Corrie

5 months ago

A) Commission a reputable firm of structural engineers to carry out a review of all power stations owned by TDC

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