The Probability That Funds Allocated to the Project Will Be

question 31

Multiple Choice

The probability that funds allocated to the project will be insufficient to complete it is:

• A)technical risk.
• B)cost estimate risk.
• C)financing risk.
• D)operating risk.

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Definitions:

Self-sufficient

The ability of an entity or individual to meet all of its needs without external assistance.

GATT

The General Agreement on Tariffs and Trade, a multilateral treaty aimed at reducing trade barriers and promoting international trade through the reduction of tariffs and quotas.

World Trade Organization

An international organization designed to regulate and facilitate international trade between nations.

General Agreement on Tariffs and Trade

An international treaty that aimed to reduce tariffs and other trade barriers, leading to the establishment of the World Trade Organization.