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Exit VCEDump CIMA-P1 P1 - Management Accounting

Q34 Single choice

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.

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