Match Each of the Following Project Management Phases with the Activities

question 101

Multiple Choice

Match each of the following project management phases with the activities associated with it.(Answers may occur more than once.)
-Establish the project management environment and project workbook

• A)project initiation
• B)project planning
• C)project execution
• D)project closedown

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Definitions:

Elasticity of Demand

An evaluation of how sensitively the demanded amount of a product responds to changes in price.

Demand Curve

An illustration that depicts the connection between how much of a product consumers want to buy and its cost.

Perfectly Inelastic

A situation in demand where the quantity demanded does not change regardless of the change in price.

Perfectly Elastic

This describes a situation where a small change in price leads to an infinite change in the quantity demanded or supplied.