Cima P1 Exam Question No 41

Question No 41:

A decision maker who makes decisions using the maximin criterion would be classified as?

A. Risk averse
B. Risk seeking
C. Risk neutral
D. Risk spreading

Answer: D

Cima P1 Exam Question No 40

Question No 40:

Which ONE of the following transactions will affect the overall amount of working capital?

A. Receipt of the full amount of cash from a trade receivable
B. Payment of an account payable
C. Sale of a non-current asset on credit at its net book value
D. Purchase of inventory on credit

Answer: C

Cima P1 Exam Question No 39

Question No 39:

Using an additive time series model, the amount of the seasonal variation for Quarter 2 would be?

A. - 2,680
B. - 2,360
C. + 2,680
D. + 2,360

Answer: B

Cima P1 Exam Question No 38

Question No 38:

FP has decided not to use the EOQ and has decided to order 2,600 calculators each time an order is placed. The total ordering and holding costs per annum will be:

A. $5,240
B. $19,800
C. $208,014
D. $3,420

Answer: D