Describe any four types of risk that projects may hold
What will be an ideal response?
Risk factors reflect elements of unpredictability for the firm. Technical risks occur due to the development of new or untested technologies. Financial risks arise from the financial exposure caused by investing in the project. Safety risk may arise as the well-being of users or developers of the project is compromised. Any risks to the firm's goodwill or reputation due to the quality of the completed project are termed quality risks. Finally, the potential for lawsuits or legal obligation is legal exposure.
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The journal entry to record indirect labor costs incurred includes a debit to Manufacturing Overhead and credit to Wages Payable
Indicate whether the statement is true or false
Which one of the following is an example of causal forecasting technique?
A) weighted moving average B) linear regression C) exponential smoothing D) Delphi method