The Human Resources Management Knowledge Area Consists of the Following

question 52

True/False

The Human Resources Management knowledge area consists of the following processes: develop human resource plan, acquire project team, develop project team, and manage project team. During project execution, all of these processes are performed.

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Definitions:

Payments

The act of transferring money to fulfill an obligation, such as in purchasing goods or services or repaying a loan.

Penalty

A punishment imposed for breaking a law, rule, or contract, which often involves paying a fine or forfeiting something.

Mark-Up

The amount added to the cost of a product or service to cover overhead and profit.

Selling Price

The amount of money for which a product is sold to the customer, after accounting for discounts, rebates, and other adjustments.