If Something Is ____ the Statement of Work, Then It

question 123

Multiple Choice

If something is ____ the statement of work, then it should be assumed that ____.

• A) included, it will not change during the course of the project.
• B) not included in, it will not be done or provided.
• C) missing from, if the RFP stated the requirement is will be completed.
• D) left out of, will be completed during the project.

---

Definitions:

Average Product

The output per unit of input, calculated by dividing the total product by the quantity of input.

Marginal Product

Marginal product is the increase in output that results from adding one more unit of a specific input, holding all other inputs constant.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Law Of Diminishing Returns

An economic principle stating that if one input in the production of a commodity is increased while all other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.