According to PMBOK, Which of the Following Is a Process

question 4

Multiple Choice

According to PMBOK, which of the following is a process of the Procurement Management knowledge area?

• A) Plan procurements
• B) Conduct procurements
• C) Administer procurements
• D) All of the above

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Definitions:

Net Income

The financial gain a company achieves once all expenses, taxes, and other costs are subtracted from the total sales.

Owner Withdraw

The process by which the owner of a business takes out funds from the business for personal use.

Chronological Diary

A personal record of events or experiences, organized in the order that they occurred over time.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owner's Equity, balancing the total value of resources with the sources of those resources.