Project Risk Is Calculated by ______

question 25

Multiple Choice

Project risk is calculated by ______.

• A)historical experience with projects succeeding or not succeeding
• B)the subjective judgment of the project manager
• C)multiplying the likelihood of event happening with consequences of event
• D)dividing the likelihood of event happening with consequences of event

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Definitions:

Month-end Postings

The journal entries made at the end of the month to record all transactions and adjustments for that month.

Financial Year

A period of twelve months used for accounting purposes and the preparation of financial statements, not necessarily aligning with the calendar year.

Cash Receipts Journal

A specialized accounting journal used to record all money that is received by a business.

Cash Sale

A transaction where payment for a good or service is made at the time of the sale, usually in the form of cash or equivalent.