快速查题-ACCA英国注册会计师试题

 The following pay-off table shows the monthly contribution that would be earned from each of four mutually exclusive options (options A-D) given three different outcome situations. It is not possible to predict or estimate the probability of each outcome scenario. 

If the choice of option is made on the basis of the minimax regret criterion, which option will be selected? 

 Match the type of investor to the attitude to risk:

Risk averse              (i) Minimax regret                          (ii) Relevant costing  

                                    (iii) Perfect information                (iv) Maximin  

                                    (v) Maximax                                    (iv) Expected values 

Risk seeker              (i) Minimax regret                         (ii) Relevant costing 

                                    (iii) Perfect information                (iv) Maximin 

                                    (v) Maximax                                    (iv) Expected values 

Risk neutral              (i) Minimax regret                          (ii) Relevant costing  

                                    (iii) Perfect information                (iv) Maximin 

                                    (v) Maximax                                    (iv) Expected values 

 A supplier will supply company A in batches of 100 units, but daily demand is unpredictable. Company A has prepared a payoff table to reflect the expected profits if different quantities are purchased and in differing market demand conditions.   

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If the maximin criteria is applied, how many units would be purchased from the supplier? 

State which option would be selected using  

The maximin decision rule 

 Identify three major non-financial factors that AB would need to consider in making its eventual decision as to what to do. 

 Suggest one other course of action that AB might follow, explaining what you consider to be its merits and demerits when compared with your answer at (a) above. 

 A company can choose from four mutually exclusive investment projects. The return on the project will depend on market conditions. 

The table below details the returns for each possible outcome:  

                                            A                       B                        C                       D 

Poor                           $400,000        $700,000           $450,000         $360,000 

Average                     $470,000         $550,000           $500,000         $400,000 

Good                          $600,000        $300,000            $800,000         $550,000 

If the company applies the maximin rule it will invest in: 

A supplier will supply company B in batches of 100 units, but daily demand is unpredictable. Company B has prepared a payoff table to reflect the expected profits if different quantities are purchased and in differing market demand conditions.   

​​​​​​​ If the maximax criteria is applied, how many units would be purchased from the supplier?