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CIMAPRO19-P01-1 Exam - Topic 6 Question 16 Discussion

A decision maker that makes decisions using the minimax regret criterion would be classified as:
A) Risk averse
B) Risk seeking
C) Risk neutral
D) Risk spreading

CIMAPRO19-P01-1 Exam - Topic 6 Question 16 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 16
Topic #: 6
[All CIMAPRO19-P01-1 Questions]

A decision maker that makes decisions using the minimax regret criterion would be classified as:

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Suggested Answer: A

References:


by Kerry at May 09, 2022, 12:01 AM

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Asuncion
11 months ago
A makes the most sense, minimizing regret is a cautious approach.
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Kenny
11 months ago
Really? I thought it was more about risk spreading.
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Barney
11 months ago
Wait, isn't it more about being neutral?
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Dorthy
11 months ago
I agree, minimax regret is all about avoiding losses.
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Deandrea
11 months ago
Definitely A, risk averse for sure.
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Camellia
11 months ago
I think the key here is to find a solution that allows the full range of media ports required by SIP, while still maintaining the necessary firewall configuration. Options A and C seem like the most promising approaches.
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Kristine
12 months ago
This looks like a straightforward question about WFM reports. I think the Schedule States Report is the most likely answer since it's designed to show the total time spent in various states.
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Daniela
12 months ago
I'm uncertain about the inflation adjustment part; is that something we talked about in relation to market prices? I can't quite remember.
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