Unknown-Unknowns Are Not Part of the Baseline Budget and Are

question 43

Multiple Choice

Unknown-unknowns are not part of the baseline budget and are referred to as

• A)management reserves
• B)contingency reserves
• C)PMBOK reserves
• D)Buffered reserves

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Definitions:

Ledger

A book or other collection of financial accounts of a particular type, where transactions are recorded.

Normal Balances

The side (debit or credit) of an account that is increased, reflecting the account's natural balance.

Normal Debit Balance

In accounting, refers to the side of an account that is typically increased with a debit entry, such as assets, expenses, and losses.

Revenues

The total amount of money received by a company from its business activities, before any deductions are made.