Believe It or Not,project Structures Have Weaknesses When It Comes

question 73

Multiple Choice

Believe it or not,project structures have weaknesses when it comes to project management! One of the primary weaknesses has to do with:

• A)rapid response to market opportunities.
• B)communication across the organization and among functional groups.
• C)effective and speedy decision making.
• D)the low cost of setting up and maintaining project teams.

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Definitions:

Operating Cycle

The duration between the acquisition of inventory by a company and the collection of payment for the sales of that inventory.

Bank Financing

The process of obtaining capital through the borrowing of funds from a bank.

Collection Period

A metric that measures the length of time it takes for a business to convert its accounts receivable into cash.

Accounts Receivable Balance

The combined total of receivables a business has from its customers for goods or services that have been consumed but remain unpaid.