alleryWhat method was developed to reduce cost overruns?
ALean startup principles
BAffordable loss principle
CBalanced scorecard approach
DReference class forecasting
Answer & Solution
Correct answer: D. Reference class forecasting
Reference class forecasting was developed to lower the risk of cost overruns and revenue shortfalls in business plans.
Keep practising Building Blocks in Economics
Browse all Building Blocks in Economics questions for CBSE Class 9, or explore more Social Science topics.
Related questions
What is one way entrepreneurs can exploit opportunities?What does bootstrapping try to minimise?Which two thinkers defined entrepreneurship in terms of risk-taking?What do venture capital firms take for seed money?What do revenue-based financing lenders receive for growth capital?Which activity describes startup investing?What is an internal startup in a large company?When is a startup usually in its seed round?