CIMA Management P2 Dumps PDF

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Question 28

Firefighters risk serious and potentially fatal accidents whenever they attend an incident.

Which of the following statements is correct?

Options:

The risk of serious accidents should be accepted in all but the most extreme incidents.

The risk of serious accidents should always be accepted because that is what firefighters are paid to do.

The risk of serious accidents should be avoided because the risk has a high probability and a high impact.

Every incident should be the subject of a detailed and thorough risk assessment before the firefighters are permitted to respond.

Question 29

Product WB currently sells for $13 per unit. Annual demand at that price is 20,000 units. If the price increases to $15, the annual demand falls by 500 units.

What is the formula for the demand curve?

Options:

Q = a - bP

P = f(Q).

Qd = a – b(P

P = a -b(Q)

Question 30

A not-for-profit organization measures performance using the three Es. If the organization has made optimum utilization of available resources then it should be described as: