CIMA Exam CIMAPRO19-P03-1 Topic 7 Question 77 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam

Question #: 77
Topic #: 7

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 Sharen at Sep 13, 2024, 03:56 PM

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Stephaine

2 months ago

D? Really? That's the most unethical option of the lot! We need to take this seriously and not just wait around for something bad to happen.

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Jettie

19 days ago

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

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Emmanuel

21 days ago

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

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Dorothea

22 days ago

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

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Shoshana

24 days 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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Arlette

2 months ago

Haha, F is a classic 'bury your head in the sand' move. I bet that's what the management team wishes they could do, but ethics dictate we have to address this properly.

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Chantell

1 months ago

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

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Glory

2 months ago

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

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Martina

2 months ago

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

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Twanna

2 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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Kimi

2 months ago

I'm not sure about B and E. Sending experts to the collapse site and increasing insurance cover seem like good ideas too.

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Bette

2 months ago

I agree with you, Edna. A review by structural engineers and having contingency plans are important.

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Lonna

3 months ago

I agree, A, C, and E are the right moves. But I'm not sure about B - do we really want to risk sending our own people to the collapse site? Seems a bit risky.

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Josue

2 months ago

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

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Irma

2 months ago

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

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Hana

2 months ago

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

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Eleonora

3 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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Edna

3 months ago

I think A and C are ethical actions to take.

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Cornell

3 months ago

Options A, C, and E are definitely the ethical choices here. We need to act proactively to ensure the safety of our power stations and protect the company's interests.

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Agustin

2 months ago

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

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Agustin

2 months ago

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

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Agustin

2 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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