One of the Choices Below Refers to Major Unforeseen Risks

question 23

Multiple Choice

One of the choices below refers to major unforeseen risks and endeavors to supply funds for the same. Which choice is it?

• A) Project reserves
• B) Management reserves
• C) Time buffers
• D) Activity reserves
• E) Contingency reserves

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Definitions:

Waiting Time

The duration a customer or item spends in line or in a queue before being served or processed.

Specific Order

A production or purchase order for goods or services tailored to a particular customer's requirements.

Production Time

The duration required to complete the manufacturing process of a product, from raw materials to finished goods.

Specific Order

A unique customer request for products or services tailor-made to their specifications.