All of the Following Are Benefits That Can Be Attributed

question 43

Multiple Choice

All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT: 

• A) It enables project managers to eliminate or reduce the impact of some threats. 
• B) It enables the project manager to identify and eliminate all risks 
• C) It facilitates communication with various project stakeholders. 
• D) It enables project managers to capitalize on some opportunities.

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Definitions:

Deposit Recorded

The process of logging cash or checks received into the accounting records of a business or financial institution.

Outstanding Checks

Checks that have been written and recorded in the issuing company’s ledger but have not yet been cashed or cleared by the bank.

Journal Entry

A record of a financial transaction in accounting, detailing the accounts affected and the amounts.

Bank Service Charge

Fees charged by a bank to cover services provided to the account holder.