Refining Estimates May Be Necessary for a Number of Reasons

question 25

Multiple Choice

Refining estimates may be necessary for a number of reasons.For example, design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are good examples of

• A)Hidden interaction costs.
• B)Things going wrong on a project.
• C)Normal conditions not applying.
• D)Changes in project scope.
• E)None of these are correct.

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Definitions:

Moral Responsibility

The obligation to act correctly and make decisions based on ethical principles, often considered in the context of social and personal conduct.

Fair Play

The adherence to equitable and impartial standards of conduct or rules in games, sports, or other competitions.

Goodwill

An intangible asset representing the value of a business's reputation, brand, and customer relationships.

Persuasive Message

Communication designed to convince or influence the audience towards a particular viewpoint or action.