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Exam Code: F3
Exam Name: F3 Financial Strategy
Vendor: CIMA

60 Questions & Answers
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NEW QUESTION: 1
Which of the following should a trainer do if they need to hold training sessions once a week during a ten-week period, but also need to travel out of state during two of those weeks?
A. Skip the material during the two out-of-state weeks
B. Hold virtual training sessions when needed
C. Extend the training to 12 weeks and hold two sessions a week
D. Cancel the class until a ten-week period can be arranged
Answer: B

NEW QUESTION: 2
Pauline is a HR Professional for her organization and she's meeting with the sales manager Jim. Jim wants to know if Randy, one of his sales people, is considered exempt or not because he's doing outside sales. Pauline tells Jim that there are just two qualifiers for Randy to be considered exempt in his role as an outside salesperson. The first is that Randy's primary duty must be making sales. What is the other consideration?
A. Randy must be customarily engaged away from the employer's place of business.
B. Randy must not have a contract to complete sales.
C. Randy must earn more than $48,234 per year.
D. Randy must earn all income from commission.
Answer: A
Explanation:
Reference: PHR Exam Prep, Pearson Education, ISBN: 978-0-7897-3677-2. Chapter Six: Total Rewards. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US HR Body of Knowledge.
Chapter: Core Knowledge Requirements for HR Professionals
Objective: Employee Records Management

NEW QUESTION: 3

A. OTBI Report
B. Financial Report
C. Trial Balance Report
D. Ledger Set
E. Account Group
Answer: D

NEW QUESTION: 4
You are the project manager of your enterprise. You have identified new threats, and then evaluated the ability of existing controls to mitigate risk associated with new threats. You noticed that the existing control is not efficient in mitigating these new risks. What are the various steps you could take in this case?
Each correct answer represents a complete solution. (Choose three.)
A. Education of staff or business partners
B. Modify of the technical architecture
C. Deployment of a threat-specific countermeasure
D. Apply more controls
Answer: A,B,C
Explanation:
Explanation/Reference:
Explanation:
As new threats are identified and prioritized in terms of impact, the first step is to evaluate the ability of existing controls to mitigate risk associated with new threats and if it does not work then in that case facilitate the:
Modification of the technical architecture

Deployment of a threat-specific countermeasure

Implementation of a compensating mechanism or process until mitigating controls are developed

Education of staff or business partners

Incorrect Answers:
D: Applying more controls is not the good solution. They usually complicate the condition.


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