The Risk That an Event Cannot Be Achieved Because There

question 3

Multiple Choice

The risk that an event cannot be achieved because there is neither the management availability nor the inherent skills people need to do it, is called:

• A)Management Risk.
• B)Financial Risk.
• C)Technical Risk.
• D)Requirement Risk .

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues and expenses.

Margin of Safety Percentage

The difference between actual sales and break-even sales, expressed as a percentage of actual sales.

Contribution Format

An income statement format that distinguishes between fixed and variable costs, highlighting the contribution margin.

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.