Which Statement Is Correct About the "Winner's Curse

question 96

Multiple Choice

Which statement is correct about the "winner's curse"?

• A)Misstatements from the winner's curse are unintentional under-estimates or over-estimates.
• B)Misstatements from the winner's curse result from the unavailability of correct information.
• C)The winner's curse means a contract is usually awarded to the highest bidder.
• D)The winner's curse means that a contract will tend to be awarded to the contractor who underestimates costs the most.

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Definitions:

Projects

Temporary endeavors undertaken to create a unique product, service, or result, characterized by defined objectives, scope, and resources.

Scope Document

An official document that outlines and defines the objectives, deliverables, and boundaries of a project.

Role Clarification

The process of making sure that everyone involved in a project understands their responsibilities, tasks, and the expectations of their role.

Similar Roles

Positions or responsibilities within an organization or team that share common attributes, duties, or objectives.