All categories

2 years ago

A project risk has a 30% chance of occurring. If it does occur, it will change the project budget by 10%. What is the risk score

1 answer:

7 0

When the project risk is 30%, and its occurrence leads to a change in the project budget by around 10%, then the risk score is 0.03.

<h3>What is a risk score?</h3>

The result of multiplication of the risk impact on the budget by the probability of occurrence of the risk, is known as the risk score. Using the given information, it can be calculated as,

$\rm Risk\ Score\ = Project\ Risk\ x\ Impact\ on\ Project\ Budget\\\\\rm Risk\ Score\ = 0.30\ x\ 0.10\\\\\rm Risk\ Score\ = 0.03$

Hence, option B holds true regarding the risk score. The complete question is added in the image for reference.

Learn more about risk score here:

brainly.com/question/27181888

#SPJ1

You might be interested in

Stan read an ad in the newspaper which said that the jackpot for picking the six winners in the dog race on the last night of th

likoan [24]

Find the given attachment

6 0

4 years ago

The combination of all the factors that consumers evaluate when deciding whether or not to buy a good or service is called a:pro

Gala2k [10]

<span>The combination of all the factors that consumers evaluate when deciding whether or not to buy a good or service is called a: total product offer.
</span><span>The total product offer includes all aspects of the product , such as packaging, warranty, brand name, delivery, guarantees ...All these aspect influence the decision of the consumer.</span>

4 0

3 years ago

QS 7-5 Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31,

Kaylis [27]

Answer:

Jan 31

Dr Allowance for doubtful accounts $2,800

Cr Accounts receivable—C. Green $2,800

Mar 09

Dr Accounts receivable—C. Green $2,300

Cr Allowance for doubtful accounts $2,300

Mar 09

Dr Cash $2,300

Cr Accounts receivable—C. Green $2,300

Explanation:

1. Preparation of the journal entry for January 31

Jan 31

Dr Allowance for doubtful accounts $2,800

Cr Accounts receivable—C. Green $2,800

2. Preparation of the journal entries for March 9

Mar 09

Dr Accounts receivable—C. Green $2,300

Cr Allowance for doubtful accounts $2,300

Mar 09

Dr Cash $2,300

Cr Accounts receivable—C. Green $2,300

6 0

3 years ago

The consumer price index (CPI) is calculated a. using a fixed basket of goods and, therefore, will tend to understate inflation.

jasenka [17]

Answer: b. using a fixed basket of goods and, therefore, will tend to overstate inflation.

Explanation:

CPI uses a fixed basket of goods each year and measure inflation by monitoring the changes in this basket over several years/ periods.

This has the tendency to overstate inflation however, due to three(3) main reasons: Substitution bias, Quality bias and New product bias.

With substitution bias, the CPI does not take into account that when products increase in price, people will substitute them for lower priced goods. Quality bias means that CPI does not account for change in quality. New Product bias means that CPI does not account for new and better products as it uses a fixed basket.

Put together these three can cause CPI to overstate inflation by as much as 1% sometimes.

7 0

3 years ago

When a change in quantity is very

sveta [45]

Answer:

An elastic demand or elastic supply is one in which the elasticity is greater than one, indicating a high responsiveness to changes in price. An inelastic demand or inelastic supply is one in which elasticity is less than one, indicating low responsiveness to price changes

8 0

3 years ago

Read 2 more answers