One Explanation for Why Major Construction Projects Often Get Completed

question 275

Multiple Choice

One explanation for why major construction projects often get completed way behind schedule is the

• A)planning fallacy.
• B)framing effect.
• C)hindsight bias.
• D)availability heuristic.

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Definitions:

Annually

Occurring once every year or relating to a period of one year.

Financial Statements

Official records that detail the financial activities and condition of a business, government, or other entity.

Interest Revenue

Income earned by an entity from its investments that pay interest, such as bonds, savings accounts, or loans extended to others.

Receivable

An amount of money owed to a company by its customers or clients for goods or services provided on credit.