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PRMIA 8009 Dumps

Exam Code:
8009
Exam Name:
Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
Last Update: Jun 10, 2024
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Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Practice Questions

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Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Questions and Answers

Questions 1

The failure of Washington Mutual was NOT due to which one of the following?

Options:

A.

Using a combination of subprime mortgage loans and credit cards

B.

It failed due to the poor quality of its assets

C.

Low lending standards and bad quality acquisitions

D.

A run on its deposits by bank customers

Questions 2

Corporate Governance …

Options:

A.

Eliminates risk to the greatest extent possible

B.

Is defined as the assembled knowledge and wisdom of the collective stakeholders in the organization, set to maximize shareholder value

C.

Is defined as business decision making predicated on a belief in potential rewards, balanced with the knowledge, understanding and appreciation of the risk taken to pursue those potential rewards

D.

Is defined as that which is best practiced within an enterprise risk management framework, guided by the PRMIA Standards of Best Practice, Conduct and Ethics above all else

Questions 3

Mary Jones wants the Bylaws of PRMIA to be changed so that people can't join PRMIA unless they meet a set of criteria she has devised with her colleagues. She can do this by getting which of the following approvals:

Options:

A.

The Board of Directors, but only if the Blue Ribbon Panel affirms the change

B.

The Board of Directors and a majority of the Members

C.

The Board of Directors alone

D.

34 of all Members