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PRMIA 8004 Exam Syllabus Topics:

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

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

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

2. With respect to the Purpose of Professional Standards, in the event of any difference in standards between local laws/rules and those of PRMIA, members must

A) abide by the applicable laws, rules, and regulations of PRMIA and any government and/or regulatory bodies
B) use their best judgment
C) comply with the higher standard under all circumstances
D) refer the matter to their supervisor

3. A risk assessment report generated by a PRMIA member creates an apparent conflict of interest between the PRMIA standards and those of the client organization.
Of the following, which is the correct hierarchy to follow to resolve the conflict?
I The decision of a superior within the organization
II PRMIA Standards
III Guidelines from the regulators in which the organization operates
IV The laws of the country

A) II, I, IV, and III
B) I, II, III, and IV
C) IV, III, II, and I
D) III, II, IV, and I

4. Select the one correct statement relative to Barings Bank.

A) Proprietary and agency trading were combined and therefore did not increase risk.
B) Proprietary and agency trading were separate and therefore did not increase risk.
C) Proprietary and agency trading were combined and therefore did increase risk.
D) Proprietary and agency trading were separate and did increase risk.

5. John Smith wants to run for election to the Board of Directors of PRMIA. To be nominated, he needs:

A) The backing of three other members
B) The backing of five other members and to be serving on at least one PRMIA Committee
C) The backing of 6% of local members
D) To go through a screening process conducted by the Nominations Committee

Solutions: