Poor Initial Scope Development and Work Breakdown Structure Often Creates

question 99

Multiple Choice

Poor initial scope development and work breakdown structure often creates cost overruns that are attributable to:

• A)lack of definition.
• B)deliberate low initial estimates.
• C)unexpected technical difficulties.
• D)external factors.

---

Definitions:

Pure Monopoly

A market structure where a single seller dominates the market with no close substitutes for the product or service offered.

Oligopoly

A market structure characterized by a few firms dominating the market.

Mutual Interdependence

A situation in an economy where the actions of one participant significantly affect the outcomes of other participants, commonly seen in oligopolistic markets.

Monopolistic Competition

A market structure characterized by many firms offering products or services that are similar but not perfect substitutes, leading to a degree of market power.