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CIMA Exam CIMAPRA17-BA2-1 Topic 1 Question 78 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 78
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

Which of the following statements relating to risk and uncertainty is correct?

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Suggested Answer: C

by Emiko at Aug 29, 2024, 12:42 AM

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Jaime
4 months ago
I think it's D because uncertainty is when we know all outcomes and their probabilities.
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Jamey
4 months ago
This question is a real gamble! But I think the answer is B. Gotta love that risk and uncertainty, am I right?
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Katina
3 months ago
I'm going with D. Uncertainty exists when we know all of the possible outcomes and their probabilities.
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Rosendo
3 months ago
I believe it's C. Uncertainty exists when we know all of the possible outcomes but not their probabilities.
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Karma
3 months ago
I think the answer is A. Risk exists when we do not know all of the possible outcomes.
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Alesia
4 months ago
But in risk, we don't know all the outcomes, so it must be A.
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Teri
4 months ago
I disagree, I believe it's C.
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Alesia
4 months ago
I think the correct statement is A.
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Rolande
4 months ago
I'm going with B. Risk is when you know the outcomes but not the probabilities. Kinda like playing the lottery - you know the possible numbers, but not the likelihood of each one coming up.
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Cherry
4 months ago
D. Uncertainty exists when we know all of the possible outcomes and their probabilities. That's the definition of uncertainty, right?
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Loreen
4 months ago
D. Uncertainty exists when we know all of the possible outcomes and their probabilities.
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Carma
4 months ago
A) Risk exists when we do not know all of the possible outcomes.
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Novella
5 months ago
C. Uncertainty exists when we know all of the possible outcomes but not their probabilities. That's the one that makes the most sense to me.
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Margery
5 months ago
I think the correct answer is B. Risk exists when we know all of the possible outcomes but not their probabilities.
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Celeste
4 months ago
I disagree, I believe the correct answer is C. Uncertainty exists when we know all of the possible outcomes but not their probabilities.
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Ramonita
4 months ago
I think the correct answer is B. Risk exists when we know all of the possible outcomes but not their probabilities.
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