Centralized Units Within an Organization or Department That Oversee or Improve

question 74

Multiple Choice

Centralized units within an organization or department that oversee or improve the management of projects are called:

• A)project management offices.
• B)PERT units.
• C)tiger teams.
• D)central clearinghouses.

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Definitions:

Scarce Goods

Products or resources that are limited in availability and cannot meet all the demands of consumers.

Comparative Advantage

The ability of a country or firm to produce a specific good or service at a lower opportunity cost than its competitors.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choice.

Specialize

The process of concentrating on and becoming expert in a particular subject or skill, often used in the context of labor and production.