Behavioral Approaches ________

question 61

Multiple Choice

Behavioral approaches ________.

• A) are used to explicitly recognize project risk
• B) are used to get a feel for project risk
• C) are not used by rational financial managers
• D) are used to quantify the risk

---

Definitions:

Expired Cost

A cost that has been incurred and recognized as an expense, reflecting the consumption of an asset or a service in generating revenue.

Monetary Unit Assumption

An assumption that requires that only those things that can be expressed in money are included in the accounting records.

Asset Prepayments

Payments made in advance for goods or services, recorded as assets on the balance sheet until used or expired.

Time Period Assumption

An accounting principle that allows the business operations to be divided into specific time periods for reporting purposes, such as months or years.