According to a Guide to the PMBOK (PMI, 2004), Quality

question 64

True/False

According to A Guide to the PMBOK (PMI, 2004), quality assurance is the area where a project manager can have the greatest impact on project quality.

---

Definitions:

Personally Liable

When an individual is personally responsible for fulfilling a debt or legal obligation, risking personal assets beyond a corporate structure.

Partnership

A bona fide business arrangement that includes two or more individuals managing together and sharing earnings.

Joint Venture

A joint undertaking by two or more persons or business entities to combine their efforts or their property for a single transaction or project, or for a related series of transactions or projects. A joint venture is generally treated like a partnership for tax and other legal purposes.

Co-Venturers

Parties that collaborate on a specific business venture, sharing profits, losses, and control.