Thursday 28 April 2016

Cima P2 Exam Question 42

Question No 42:

Which of the following statements is correct?

A.
Risk can be quantified and probabilities can be assigned reliably to the possible outcomes.
B.
Uncertainty cannot be quantified and probabilities can be assigned reliably to the possible outcomes.
C.
Risk cannot be quantified and probabilities cannot be assigned reliably to the possible outcomes.
D.
Uncertainty can be quantified and probabilities can be assigned reliably to the possible outcomes.

Answer: A

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