A Project Is Considered to Be a One-Time Set of Activities

question 63

Multiple Choice

A project is considered to be a one-time set of activities that has ________.

• A)definitive assessment stages across time
• B)significant points to be analysed
• C)a definite beginning and ending point in time
• D)may have a defined end point or be ongoing
• E)an estimated start and finish date

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Definitions:

Marginal Revenue Product

The additional income yielded by deploying one more unit of a component, for instance, labor or capital.

Economic Resource

An asset that is used in the production of goods and services, including natural, human, and capital resources.

Product Price

The monetary value assigned to a good or service for sale.

Total Output

The aggregate amount of goods and services produced by an economy over a specific time period.