CIMA Management Accounting P1 Question # 34 Topic 4 Discussion

CIMA Management Accounting P1 Question # 34 Topic 4 Discussion

P1 Exam Topic 4 Question 34 Discussion:
Question #: 34
Topic #: 4

A company is choosing between three projects, Project P, Project Q and Project R using minimax regret as the criterion for the decision. The outcome from each project is dependent on future economic growth. If this is strong, returns will be P $5,000, Q $6,500 and R $7,200. If it is weak, returns will be P $3,500, Q $4,800 and R $4,200.

Place the correct figures into the table to show the maximum regret for each project.

P1 Question 34


Get Premium P1 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.