An Uncertain Event or Condition That, If It Occurs, Has

question 21

Multiple Choice

An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a

• A)Random chance.
• B)Disaster.
• C)Risk.
• D)Hazard.
• E)Bad luck.

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Definitions:

Credit Sales

Credit sales are transactions where the customer purchases goods or services with the agreement to pay at a later date, typically invoiced by the seller.

Prompt Payment

The act of settling a financial obligation on or before its due date.

Sales Returns

Transactions involving the return of sold goods from the customer to the seller, often resulting in a refund or credit.

Credit Sales

Sales made by a business where payment is delayed as per agreed terms.