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?

ARisk exists when we do not know all of the possible outcomes.

BRisk exists when we know all of the possible outcomes but not their probabilities.

CUncertainty exists when we know all of the possible outcomes but not their probabilities.

DUncertainty exists when we know all of the possible outcomes and their probabilities.

Show Suggested Answer

Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA2-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jaime

3 months ago

I think it's D because uncertainty is when we know all outcomes and their probabilities.

upvoted 0 times

...

Jamey

3 months ago

This question is a real gamble! But I think the answer is B. Gotta love that risk and uncertainty, am I right?

upvoted 0 times

Katina

2 months ago

I'm going with D. Uncertainty exists when we know all of the possible outcomes and their probabilities.

upvoted 0 times

...

Rosendo

2 months ago

I believe it's C. Uncertainty exists when we know all of the possible outcomes but not their probabilities.

upvoted 0 times

...

Karma

2 months ago

I think the answer is A. Risk exists when we do not know all of the possible outcomes.

upvoted 0 times

...

Alesia

3 months ago

But in risk, we don't know all the outcomes, so it must be A.

upvoted 0 times

...

Teri

3 months ago

I disagree, I believe it's C.

upvoted 0 times

...

Alesia

3 months ago

I think the correct statement is A.

upvoted 0 times

...

Rolande

3 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.

upvoted 0 times

...

Cherry

3 months ago

D. Uncertainty exists when we know all of the possible outcomes and their probabilities. That's the definition of uncertainty, right?

upvoted 0 times

Loreen

3 months ago

D. Uncertainty exists when we know all of the possible outcomes and their probabilities.

upvoted 0 times

...

Carma

3 months ago

A) Risk exists when we do not know all of the possible outcomes.

upvoted 0 times

...

Novella

3 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.

upvoted 0 times

...

Margery

3 months ago

I think the correct answer is B. Risk exists when we know all of the possible outcomes but not their probabilities.

upvoted 0 times

Celeste

3 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.

upvoted 0 times

...

Ramonita

3 months ago

I think the correct answer is B. Risk exists when we know all of the possible outcomes but not their probabilities.

upvoted 0 times

...