Question

When you assign the lowest anticipated sales price and the highest anticipated costs to a project, you are analyzing the project under the condition known as:

Answer 1

Answer:

worst-case scenario

Explanation:

When doing this you are analyzing the project under the condition known as the worst-case scenario. This is a concept in risk management where the individual planner, plans ahead for the biggest potential disaster that they can imagine, considering all the most severe possible outcomes that can result from a given situation. This is done in order to minimize the fallout of a bad decision.