Which of the Following Project Documents Should Be Used to Record

question 474

Multiple Choice

Which of the following project documents should be used to record the occurrence of an unplanned event?

• A) Action log
• B) Risk log
• C) Change log
• D) Issue log

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Definitions:

Initial Value Method

The initial value method is an accounting approach used in investments where the investment is recorded and maintained at its acquisition cost, ignoring market fluctuations.

Acquisition Method

An accounting method used in business combinations, where the purchasing entity records the assets and liabilities of the acquired entity at fair value.

Internal Reporting

The process of preparing and presenting financial statements and other reports to management within an organization.