Jenny Is the Project Manager for the NBT Projects

question 21

Multiple Choice

Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?

• A) The events should be determined if they need to be accepted or responded to.
• B) The events should be entered into qualitative risk analysis.
• C) The events should continue on with quantitative risk analysis.
• D) The events should be entered into the risk register.

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Definitions:

Periodic Inventory Method

An accounting method where inventory is physically counted and valued at specific intervals.

Voucher Payment

Voucher payment involves the use of a voucher system where approval documents are prepared and used as the basis for making payments to vendors.

Net Method

An accounting practice where discounts for early payment are assumed to be taken and purchase or sale transactions are recorded at the net, discounted amount.

Periodic Inventory Method

An accounting method where the inventory is physically counted at specific intervals and the cost of goods sold is calculated afterwards.