As the Degree of Sensitivity of a Project to a Single

question 13

Multiple Choice

As the degree of sensitivity of a project to a single variable rises, the:

• A) lower the forecasting risk of the project.
• B) smaller the range of possible outcomes given a pre-defined range of values for the input.
• C) more attention management should place on accurately forecasting the future value of that variable.
• D) lower the maximum potential value of the project.

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Definitions:

Individualism

The moral, political, or social outlook that emphasizes the moral worth of the individual and the importance of independence and self-reliance.

Jean-Jacques Rousseau

A Genevan philosopher, writer, and composer of the 18th century whose political philosophy influenced the Enlightenment across Europe, as well as aspects of the French Revolution and the development of modern political, sociological, and educational thought.

Social Conventions

Agreed-upon norms and behaviors within a society or group, often unspoken and learned through social interaction.

Aristotle

An ancient Greek philosopher and scientist whose work covers a wide range of subjects; he is considered one of the greatest philosophers in history.