Project Cost Estimates Usually Anticipate That Resources Will Be Available,that

question 92

Multiple Choice

Project cost estimates usually anticipate that resources will be available,that the weather will not be extreme,and that funding will materialize,creating what are called:

• A)Hyperactivity.
• B)Standard operating procedures.
• C)Standard duress.
• D)Normal conditions.

---

Definitions:

Multinational Enterprise

A company that owns or controls production or service facilities in one or more countries other than its home country.

National Borders

The defined lines that distinguish the geographic boundaries of sovereign nations.

Force Majeure Clause

A contractual provision that relieves the parties from fulfilling their obligations when certain circumstances beyond their control occur, making performance inadvisable, commercially impracticable, illegal, or impossible.

Unforeseeable Occurrence

An event that cannot be predicted and is beyond the control of the parties involved, oftentimes relieving them from contractual obligations due to impossibility.