When Planning the Project, It Is Important to

question 44

Multiple Choice

When planning the project, it is important to

• A) determine all the details for all activities in the project.
• B) estimate the types and quantities of resources required to perform each specific activity.
• C) calculate the contingencies so that no changes will need to be made.
• D) identify the names of the resources for every task to enter into the project management information system.

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Definitions:

Interest Rate

Refers to the cost of borrowing money, expressed as a percentage of the amount loaned, or the return on invested savings.

Loanable Funds

The money available for borrowing in the financial markets, determined by the saving rates of individuals and the banking sector's policies.

Inflation Rate

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Real Rate

This is the interest rate adjusted for inflation, representing the real cost of borrowing and the real yield to lenders or investors.