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PRMIA 8009 - Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition

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Total 110 questions

While doing a work assignment, a PRMIA member notices behaviour that is outside the ethical standards of their client organization and reports the matter to their immediate supervisor in the organization (if he or she wasn't the one engaging in such behaviour). The matter is neither progressed nor actioned.

The PRMIA member should:

A.

stay silent on the basis that they have reported it

B.

report the matter to their PRMIA chapter

C.

contact the Whistle-Blowing Hotline of the organization or, if none exits, to the PRMIA Ethics Committee for guidance and assistance

D.

report the matter to the organization's Compliance Dept.

Barings Bank and Orange County have many similarities. Which of the following is NOT a similarity?

A.

Both relied on a star manger, supposedly in a low risk business.

B.

Both losses grew over time, but were not discovered by management until too late.

C.

Both traded in illiquid and obscure markets that were easy to manipulate.

D.

Both losses were eventually exposed by massive margin calls.

Barings failed to recognize that Nick Leeson's losses were increasing because:

A.

Leeson ran the front office

B.

The London office did not ask for any reports

C.

Leeson hid his trades in a suspense account

D.

The margin report sent to London did not show the true margin needs