Project Risk Can Be Grouped into Four Categories

question 12

Multiple Choice

Project risk can be grouped into four categories.Which of the following is not one of the categories?

• A)Severity
• B)Probability
• C)Timing
• D)Dynamic risk
• E)Personnel

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Definitions:

Equivalent Unit

A measure used in cost accounting to express the amount of work done on a product in terms of fully completed units.

First-in

This principle dictates that the earliest goods to be added to inventory are the first ones to be removed from it, commonly applied in financial and inventory management.

Conversion Costs

The sum of labor and overhead costs that are necessary to convert raw materials into finished products.

Equivalent Units

Equivalent units is a concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.