Which of the following statistics from studies on failed projects is not true?
A) Only 32 percent of all technology investments were completed on time, on budget, and
with all features and functions originally specified.
B) Large software projects on average run 66 percent over budget and 33 percent over schedule.
C) Between 30 and 40 percent of all software projects are "runaway" projects that far exceed the original schedule and budget projections and fail to perform as originally specified.
D) Thirty-two percent of technology investments are completed on time, within budget, and with requirements met.
E) The average cost overrun of IT projects is 20 percent.
E
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Which of the following statements is NOT true?
A. Stored liquidity management involves liquidation of assets. B. Traditionally DIs have stored cash reserves at the Federal Reserve and in their vaults to overcome liquidity risk. C. When the DI uses its cash as the liquidity adjustment mechanism, both sides of its balance sheet contract. D. DIs hold cash reserves in excess of the minimum required to meet liquidity drains. E. A DI sustains no cost under stored liquidity risk management.
What is the legal effect of a counteroffer?
A) It destroys the original offer B) It imposes new terms into a contract: C) It is an act of repudiation of a contract D) It is an act of acceptance of an existing offer E) It creates a secondary offer