Which of the Following Is True of a Rough Order

question 57

Multiple Choice

Which of the following is true of a rough order of magnitude estimate?

• A)It is used to allocate money into an organization's budget. 
• B)It provides an estimate of what a project will cost. 
• C)Its timeframe is always less than a year prior to project completion. 
• D)It is a type of estimate that is done in the final stages of a project.

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Definitions:

Political Risk

The risk of losing money due to changes in a country's political landscape or government policies that negatively affect investments.

International Diversification

The strategy of spreading investment risk by purchasing assets in various countries, aiming to reduce overall investment risk.

International Financial Management

The discipline concerned with managing financial resources in a global market, including investment, financing strategies, and risk management across borders.

Cultural Heritages

The legacy of physical artifacts and intangible attributes of a group or society that are inherited from past generations, maintained in the present, and bestowed for the benefit of future generations.