Technical Risk Is the Probability That the Project Will Not

question 46

True/False

Technical risk is the probability that the project will not perform to the required standards or produce substandard products or have excessive operating cost consumption.

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Definitions:

Product-Specific Value

The worth that a particular product holds for a consumer, often influenced by its ability to meet specific needs or desires.

Durability

A measure of how long a product can be used before it deteriorates or becomes obsolete.

Conscientious Consumerism

Describes the behavior of consumers who seek to make purchases that are ethical, sustainable, and responsible, often prioritizing environmental and social considerations.

Green Companies

Businesses that prioritize environmentally friendly practices, aiming to reduce their carbon footprint and contribute to sustainable development.