Which of the Following Is NOT a Part of Project

question 55

Multiple Choice

Which of the following is NOT a part of project initiation?

• A)Create the project initiation team
• B)Establish management procedures
• C)Create a project budget
• D)Develop the project charter

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Definitions:

Capital Balance

The amount of money that owners have invested in a company that has not been repaid or withdrawn.

Manager-Managed

A management structure in which a company is overseen by professional managers rather than its owners or members.

Member-Managed

Refers to a type of management structure in an LLC where all members participate in the decision-making processes.

Limited Liability Company

An enterprise configuration that amalgamates the individual taxation approach of sole proprietorships or partnerships with the capped liability advantages of a corporation.