All of the Following Describe the Appropriate Application of Perform

question 1

Multiple Choice

All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:

• A) Large, complex and risky projects stand to benefit from the additional rigor of quantitative risk analysis techniques.
• B) Quantitative techniques are used when it is critical to predict the probability of completing a project on time or within budget with confidence.
• C) Brainstorming techniques are used by the team and other stakeholders to identify as many project risks as possible.
• D) Monte Carlo Simulation and Fault Tree Analysis are examples of useful quantitative risk analysis techniques.

Acknowledge the concept of sales mix and its impact on business strategy.

Recognize the difference between incremental costs and sunk costs in various business scenarios.

Grasp the concept and calculation of markup percentage and its relevance in pricing strategies.

Understand how residual value guarantees impact the valuation of lease liabilities and assets.

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Definitions:

Gross Negligence

Very great negligence.

Proven Negligence

A situation where it has been established that a party failed to exercise a level of care that someone of ordinary prudence would have in a similar situation, resulting in harm to another.

Claim Ticket

A receipt given for the temporary deposit of goods that verifies the holder’s right to retrieve the deposited item.

Mink Coat

A luxurious type of fur coat made from the pelts of mink animals, known for its softness and warmth.