The Project Team Toiled Long into the Night to Develop

question 71

Multiple Choice

The project team toiled long into the night to develop consequence of failure scores and probability of failure scores as indicated below. What is the overall risk factor for the project?

• A) less than or equal to 0.6
• B) greater than 0.6 but less than or equal to 0.7
• C) greater than 0.7 but less than or equal to 0.8
• D) greater than 0.8

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Definitions:

Negotiable

A term describing instruments or documents, such as checks or bills of lading, that are transferable from one person to another in good faith for value.

Contract Law

The area of law that governs the making, enforcement, and interpretation of agreements between parties.

Promissory Note

A financial instrument involving a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Credit Instrument

A document that represents a legal agreement involving any kind of financial credit or loan arrangement, including promissory notes, bonds, and letters of credit.