Table 14-2 -Refer to Table 14-2

question 138

Multiple Choice

Table 14-2
$\begin{array}{|c|c|}\hline \text { Year } & \begin{array}{c}\text { Real GDP (billions of } \\2000 \text { dollars) }\end{array} \\\hline 2015 & \$ 10,100 \\\hline 2016 & 10,950 \\\hline 2017 & 11,425 \\\hline 2018 & 11,300 \\\hline\end{array}$
-Refer to Table 14-2.Using the table above,what is the approximate average annual growth rate from 2015 to 2018?

• A) -1%
• B) 1%
• C) 2%
• D) 4%

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Definitions:

Risk Management

The approach of spotting, assessing, and mitigating dangers to a corporation's assets and income.

Closeout Phase

The final stage of a project where activities are completed, deliverables are finalized, and the project is handed over or closed.

Risk Sharing and Transfer Agreements

Contracts where two or more parties agree to distribute among themselves the losses or benefits arising from particular risks.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, typically used to assess risk and uncertainty in prediction and modeling.