Which of the Following Describes the Activities Appropriately Performed by the Project

question 39

Multiple Choice

Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?

• A) Team members assess the probability of occurrence and severity of impact for identified risks.
• B) Team members develop contingency plans for even minor risks to avoid adverse impacts to project objectives.
• C) Team members identify potential risk events.
• D) Team members define how to conduct risk management activities for the project.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables on the balance sheet to reflect the amount expected to be uncollectable.

Allowance for Doubtful Accounts

An accounting method that reduces accounts receivable on a company's balance sheet by estimating the amount of receivables that will not be collected.

Uncollectible Receivables

Debts owed to a company that are considered unlikelihood to be collected.

Bad Debt Expense

Unrecoverable amounts from accounts receivable representing financial losses for a company.