Which Term Is Used for a Significant Event on a Project

question 25

Multiple Choice

 Which term is used for a significant event on a project that normally has no duration?

• A) milestone
• B) activity attribute
• C) activity sequence
• D) schedule baseline

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Definitions:

Loss Aversion

Oversensitivity to loss, leading to an unwillingness to recognize a loss and move on.

Mental Accounting

The habit of mentally assigning dollars to different accounts so that some dollars are worth more than others.

Overconfidence

The phenomenon where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy.

Irrational Decisions

Choices made by individuals that contradict the best outcome from a rational point of view, often influenced by biases or lack of information.