The Approval Signature and Date in the Project Charter Indicate

question 91

Multiple Choice

The approval signature and date in the project charter indicate

• A) that the sponsor has officially or formally authorized the project.
• B) the name of the person that will be the project manager of the project.
• C) the person responsible for writing the project charter.
• D) the contact person for the contractor's organization.

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Definitions:

Nontoll Roads

Public roads that can be used without paying a fee, financed by taxes rather than direct user charges.

Public Goods

Products or services that are non-excludable and non-rivalrous, meaning they can be consumed by one person without preventing simultaneous consumption by others.

Common Resources

Resources that are not owned by anyone, but are available for use by everyone, often leading to overuse and depletion.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of goods and services.