An Unanticipated Event That Occurs Which Is Beneficial to a Project

question 91

Multiple Choice

An unanticipated event that occurs which is beneficial to a project is known as a(n)

• A) Management Reserve
• B) Success Factor
• C) Opportunity
• D) Risk
• E) Desirable event

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Definitions:

Salvage Values

The estimated residual value of an asset at the end of its useful life, determining its value when it can no longer be used for its primary purpose.

Asset Retirement

The process of removing a long-term asset from the company's balance sheet once it is taken out of service, including the associated removal costs.

Public Welfare

Government efforts and programs designed to support the well-being of the population, including health care, education, and social services.

Double-Declining Balance

A method of accelerated depreciation where an asset's value decreases at double the rate of traditional straight-line depreciation.