The Decision on Which Design Strategy to Use Depends on _____

question 55

Multiple Choice

The decision on which design strategy to use depends on _____.

• A) how unique the business need is
• B) the expertise of the project manager
• C) the urgency of the project
• D) the amount of in-house experience
• E) all of the above

---

Definitions:

Accrual

Accrual accounting records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.

Loss Contingencies

Possible financial losses that companies may face as a result of future events that have uncertain outcomes, necessitating disclosure in financial statements if they are both probable and estimable.

Gain Contingencies

Gain contingencies are potential increases in economic benefits to an organization that arise from events whose outcomes or realizations are uncertain until they occur.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily align with the calendar year.