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

1. When supervising others, a PRMIA member must comply with

A) his / her established personal standards of work approved in previous work situations
B) the standards of the organization where the work is being performed
C) local regulatory authority standards which may be less onerous than PRMIA standards
D) PRMIA Standards

2. As a PRMIA member, you have certain responsibilities. Among these are the requirement(s) to:

A) Adhere to the PRMIA Standards of Best Practice, Conduct and Ethics
B) Attend at least one PRMIA chapter meeting per year
C) All of the above
D) Vote in Board elections

3. Metallgesellschaft's retail contracts were

A) unhedged
B) fully hedged using exchange-traded futures of the same maturities as the retail contracts
C) hedged using exchange-traded futures with shorter maturities than the retail contracts
D) hedged using exchange-traded futures with longer maturities than the retail contracts

4. How much of Washington Mutual's assets were funded by customer deposits for the decade ending in 2006?

A) 40%
B) 50%
C) 30%
D) 60%

5. 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) report the matter to their PRMIA chapter
B) contact the Whistle-Blowing Hotline of the organization or, if none exits, to the PRMIA Ethics Committee for guidance and assistance
C) report the matter to the organization's Compliance Dept.
D) stay silent on the basis that they have reported it

Solutions: