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All of the following statements about contingency and management reserves are true EXCEPT: O The management reserve covers unforeseen risks. O The management reserve applies

All of the following statements about contingency and management reserves are true EXCEPT: O The management reserve covers unforeseen risks. O The management reserve applies to the total project. If a risk does not materialize, funds pertaining to that risk are removed from the contingency reserve. O Contingency reserves are established to cover identified risks. O Contingency and management reserves are dependent on each other

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