What Is the Benefit of Scenario Analysis If It Does

question 63

Essay

What is the benefit of scenario analysis if it does not produce an accept or reject decision for a proposed project?

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Definitions:

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no actual agreement exists between the parties involved.

Obligation Imposed

A duty or responsibility enforced by law, regulation, or agreement.

Contract Formation

The process whereby parties agree upon and establish the terms of a contract, leading to a binding legal agreement.

Relaxation of Requirements

The easing or reduction of stringent rules, standards, or conditions, often to accommodate special circumstances.