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CIMAPRA17-BA2-1 Exam - Topic 1 Question 27 Discussion

Which of the following statements relating to risk and uncertainty is correct?
C) Uncertainty exists when we know all of the possible outcomes but not their probabilities.
A) Risk exists when we do not know all of the possible outcomes.
B) Risk exists when we know all of the possible outcomes but not their probabilities.
D) Uncertainty exists when we know all of the possible outcomes and their probabilities.

CIMAPRA17-BA2-1 Exam - Topic 1 Question 27 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 27
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 Kristeen at May 09, 2022, 12:24 PM

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Leanna
9 months ago
B is definitely wrong; we can't know all outcomes and still have risk.
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Scarlet
9 months ago
I thought uncertainty was just about unknown probabilities.
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Pansy
9 months ago
Wait, can we really know all outcomes?
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Ramonita
9 months ago
Totally agree with that!
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Erasmo
9 months ago
Risk is about unknown outcomes, right?
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Laurel
10 months ago
Hmm, I'm a bit unsure about this one. The options don't seem to align with what I remember about Scrum practices evolving as teams mature. I'll have to think it through carefully.
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Mariann
10 months ago
Hmm, I'm not totally sure about the difference between the Jabber parameters here. I'll need to think this through carefully.
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Ashley
10 months ago
Hmm, I'm a bit unsure about this one. The sales invoice has a lot of information, and I want to make sure I understand it all before selecting an answer. I'll need to carefully review the options.
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Thora
10 months ago
I think it's important to consider both the likely rate of deviations and the allowable risk, but I'm not totally sure if we're supposed to focus on one more than the other.
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Tabetha
10 months ago
I remember from my studies that the console is only supported on-premises, not in the cloud. That should help me narrow down the correct answers.
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Linwood
10 months ago
Alright, time to tackle this estate tax problem. I'll review the rules around adjusted taxable gifts and basis adjustments to determine the correct answer.
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