Which Reserves Allow for Future Situations That Are Unpredictable

question 47

Multiple Choice

 Which reserves allow for future situations that are unpredictable?

• A) Contingency reserves
• B) Management reserves
• C) Known unknowns
• D) Cost baseline reserves

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Definitions:

ROUND

A mathematical function used to round a number to a specified number of digits, often used in spreadsheet applications.

HOUR Function

A function in many programming and spreadsheet environments that extracts the hour from a given time value, typically returning it as a number between 0 and 23.

DAY Function

A function in spreadsheet software that extracts the day part from a date value, returning it as a numeric value.

DATE Function

A formula in spreadsheet software that generates a date value from individual year, month, and day components.