Which of the Following Strategies Is Used to Deal with Uncertainty

question 66

Multiple Choice

Which of the following strategies is used to deal with uncertainty related to estimating future costs?

• A)Statistical analysis
• B)Cost restructuring
• C)Hedging
• D)Insurance

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Definitions:

Job Performance

The effectiveness with which job tasks are executed and completed by an employee or a group within an organization.

Modest

Exhibiting a moderate or low view of one’s importance, often characterized by humility and simplicity.

Constructive Stress

A form of stress that is perceived as manageable and motivating, encouraging personal growth and achievement.

Stimulate Creativity

The act of encouraging new and innovative ideas or ways of thinking, often by creating an environment that fosters curiosity, openness, and risk-taking.