PRMIA 8004 - PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Exam
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Total 110 questions
Question #6 (Topic: )
Which of the following was NOT a factor in the WorldCom collapse?
A. Failed corporate governance
B. Accounting abuses
C. Unfair pricing to customers
D. Over stating actual sales
Answer: C
Question #7 (Topic: )
Zheng Zhu wants to open a new PRMIA Chapter in Wuhan, China. He can do this if:
A. At least 100 members live within 50 miles
B. A local business sponsors the chapter
C. Approved by the Board of Directors
D. All of the above
Answer: C
Question #8 (Topic: )
The failure of Washington Mutual was NOT due to which one of the following?
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
Answer: D
Question #9 (Topic: )
Which items below were at the core of the problems at Bankgesellschaft Berlin?
A. Political corruption and poor management
B. Over exposure to the property market
C. Rash guarantees given to investors in property linked funds
D. All of the above
Answer: D
Question #10 (Topic: )
The problems in the Orange County case can best be characterized as failures related to:
A. Market Risk
B. Credit Risk
C. Operational and Regulatory Compliance Risk
D. All of the Above
Answer: A
