What Is the Term for Risk Associated with the Cost

question 2

Multiple Choice

What is the term for risk associated with the cost of the product?

• A) quantitative risk
• B) primary risk
• C) income risk
• D) financial risk

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Definitions:

Partial Billings

The process of issuing invoices for a fraction of the total amount of a contract or project before its completion.

Gross Profit

The difference between sales revenue and the cost of goods sold (COGS), indicating the profit made before deducting operating expenses.

Construction Costs

Expenses related directly to the construction of a building or infrastructure project, including materials, labor, and overhead.

Estimated Costs

Projected expenses related to the manufacturing of a product, execution of a project, or delivery of a service.