If the cost estimate will be the basis for contract awards and performance reporting, it should be a ____ and as accurate as possible.

a. budgetary estimate
b. definitive estimate
c. rough order of magnitude estimate
d. final estimate

Answer: b. definitive estimate

Business

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Which management style is known as the laissez-faire or hands-off style?

What will be an ideal response?

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The increased opportunity for a bank to securitize loans into liquid and tradable assets is likely to affect which type of risk?

A. Sovereign risk. B. Market risk. C. Insolvency risk. D. Technological risk. E. Interest rate risk.

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