The Cost Impact of a Risk Event Occurring as a Project

question 42

Multiple Choice

The cost impact of a risk event occurring as a project proceeds through its life cycle tends to

• A) rise sharply.
• B) drop sharply and then level out.
• C) rise sharply and then level out.
• D) remain about the same.
• E) slowly drop.

---

Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity can influence prices significantly.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Price Floor

A government-imposed minimum price charged for a good or service, aimed at preventing prices from falling too low.