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Uncertainty

This topic has 4 replies, 2 voices, and was last updated 7 years ago by John Moffat.

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September 15, 2018 at 4:43 pm #474668
tjck
Participant
- Topics: 1
- Replies: 2
Hello sir
I have a question
Which of the following does not reduce uncertainty?
a) simulation model
b) variance analysis
c) rolling budget
d) flexible budget
September 15, 2018 at 11:56 pm #474713
John Moffat
Keymaster
- Topics: 57
- Replies: 54814
None of them actually reduce uncertainty.
But surely you have an answer in the same book in which you found the question 🙂
September 16, 2018 at 6:06 pm #474762
tjck
Participant
- Topics: 1
- Replies: 2
But sir this was from my live exam this September.
September 16, 2018 at 6:09 pm #474763
tjck
Participant
- Topics: 1
- Replies: 2
My answer was option b)variance analysis
September 17, 2018 at 6:11 am #474966
John Moffat
Keymaster
- Topics: 57
- Replies: 54814
I can only think that you misread or have mis-remembered the question.
Simulation is a way of measuring the impact of uncertainty (but doesn’t in itself reduce it). The others do not affect uncertainty at all.
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