Use the Failure Probability and Consequence Scores Shown in the Table

question 84

Multiple Choice

Use the failure probability and consequence scores shown in the table to determine the consequence of failure for the project.

• A)greater than 0.6
• B)less than or equal to 0.6 but greater than 0.4
• C)less than or equal to 0.4 but greater than 0.2
• D)less than 0.2

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Definitions:

Operating Condition

Conditions or aspects related to the daily functionality and management of a business's core activities.

Capital Expenditure

Funds used by a company to acquire or upgrade physical assets such as property, plant, or equipment to improve its long-term operations.

Revenue Expenditure

Expenses incurred during the normal course of business operations that are expected to be consumed within the same accounting period.

Long-term

Long-term refers to holding or involving a period of time that is significantly longer than average, often used in the context of investments, debts, and assets.