Which of the Following Statements About Project Risk Is Not

question 6

Multiple Choice

Which of the following statements about project risk is not true?

• A)The more dollars spent on a project,the greater the risk.
• B)The higher the number of implementation staff on a project,the lower the risk.
• C)The higher the number of organizational units affected by a project,the greater the risk.
• D)Very large-scale systems project have a failure rate that is 50 to 75 percent higher than that for other projects.
• E)The organizational complexity of a system contributes to the complexity of large-scale systems projects.

Understand different types of survey biases and their impacts on survey results.

Identify voluntary response bias and scenarios that lead to it.

Recognize nonresponse bias and its effect on survey outcomes.

Distinguish when undercoverage can lead to biased survey results.

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Definitions:

Allowance for Doubtful Accounts

An accounting method used to estimate the portion of a company's receivables that may not be collected, reducing the accounts receivable balance accordingly.

Uncollectible Accounts

Uncollectible accounts are receivables that a company deems uncollectable and likely will not be recovered, often written off as a bad debt expense.

Percent of Sales Method

A financial forecasting approach in which accounts are projected to increase as a percentage of the projected sales level.

Unadjusted Trial Balance

A list of all the accounts and their balances in a company's ledger before any adjusting entries are made for accounting purposes.