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CIMAPRO19-P01-1 Exam - Topic 7 Question 123 Discussion

Which of the following distinguishes risk from uncertainty?
A) Risk can be quantified whereas uncertainty cannot.
B) Risk can have both upside and downside whereas uncertainty is always downside.
C) Risk should be taken into account in decision making whereas uncertainty should not.
D) Risk is relevant to financial decisions whereas uncertainty is relevant to non-financial.

CIMAPRO19-P01-1 Exam - Topic 7 Question 123 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 123
Topic #: 7
[All CIMAPRO19-P01-1 Questions]

Which of the following distinguishes risk from uncertainty?

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Suggested Answer: A

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Doug
7 hours ago
I think A is the best choice. Risk can be measured.
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Aliza
5 days ago
A sounds right, but how do we really measure uncertainty?
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Ben
11 days ago
D is interesting, but I think risk applies to non-financial too.
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Sherell
16 days ago
Wait, is it really true that uncertainty shouldn't be considered in decision making?
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Sabra
2 months ago
I disagree with B. Uncertainty can have upsides too!
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Maile
2 months ago
A) Risk can be quantified whereas uncertainty cannot. That's spot on!
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Ciara
3 months ago
I recall that risk is definitely important in decision-making, but I’m not sure if uncertainty should be completely disregarded. That seems off to me.
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Lenna
3 months ago
I’m a bit confused about the difference between risk and uncertainty. I thought both could have upsides and downsides, but maybe I’m mixing them up.
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Edelmira
3 months ago
I feel like I’ve seen a question similar to this before, and I think option A makes the most sense because risk is often measured in financial terms.
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Peter
4 months ago
I think I remember that risk can be quantified, but I'm not sure if uncertainty is always unquantifiable.
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