The Project Budget Is Based on

question 77

Multiple Choice

The project budget is based on

• A) how well the project manager can use accounting software.
• B) the estimated costs associated with the quantities of resources to be used.
• C) the actual costs of the resources used for the project.
• D) the costs to do the resources before any indirect costs.

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Definitions:

Referent Power

Referent power is a form of personal power that stems from being admired, respected, and liked by others, often leading to influence through the desire of others to be associated with the person.

Legitimate Power

The authority that a person or a position holds, which is recognized as rightful by those they govern or lead, often derived from official or formal roles.

Expert Power

The influence and authority one possesses as a result of one's experience, skills, or knowledge in a specific area.

Reward Power

The capacity to influence others' behavior by offering them positive incentives.