The Project Team Toiled Long into the Night to Develop

question 9

Multiple Choice

The project team toiled long into the night to develop consequence of failure scores and probability of failure scores as indicated below.What is the overall risk factor for the project?

• A)less than or equal to 0.6
• B)greater than 0.6 but less than or equal to 0.7
• C)greater than 0.7 but less than or equal to 0.8
• D)greater than 0.8

---

Definitions:

Quantity Supplied

The quantity of a product or service that sellers are prepared and capable of offering for sale at a specific price.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in a market, leading to market stability.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Demand Equation

A mathematical representation that describes the relationship between the quantity of a good or service demanded and its price, along with other factors like income and prices of related goods.