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PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Sample Questions:

1. For the sentence
"The organization shall encourage all employees to keep abreast of the latest developments in their particular areas of expertise, through ____________, _____________, and _____________ and shall make adequate resources available to enable this to occur," Choose the correct combinations of words from the following options:

A) journals, courses, compliance mandates
B) courses, educational certification, journals
C) conferences, discussion groups, blog sites
D) courses, conferences, journals

2. Which of the following are PRMIA Governance Principles?
I Independence of Key Parties
II Disclosure and Transparency
III Internal Validation
IV Solvency

A) I, II and III only
B) I and II only
C) I, II and IV only
D) All are PRMIA Governance Principles

3. Which of the following best characterizes the problems that developed at Bankgesellschaft Berlin?

A) Banking is a "for-profit" business, not a means of fulfilling political goals.
B) Volume growth at the expense of margin.
C) A company culture where profits may justify "excesses."
D) Excessive reliance on volatile trading income.

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

A) It failed due to the poor quality of its assets
B) A run on its deposits by bank customers
C) Using a combination of subprime mortgage loans and credit cards
D) Low lending standards and bad quality acquisitions

5. The Chair of the PRMIA Board of Directors may hold the following offices:

A) Chair only
B) Secretary
C) Parliamentarian
D) Vice Chair

Solutions: