Which of These Statements About Early Termination Decisions Is Best

question 119

Multiple Choice

Which of these statements about early termination decisions is best?

• A)The decision to pull the plug is usually clear-cut.
• B)A project's viability is usually a purely internal issue.
• C)Projects that can fulfill a useful purpose in the marketplace are not killed.
• D)External reasons,such as a change in the organization's environment,are often the reasons for project termination.

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Definitions:

Close Substitute

A good or service that can easily replace another, fulfilling the same need or want, typically affecting consumer choice.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, leading to market equilibrium.

Equilibrium Quantity

The quantity of goods or services supplied and the quantity demanded at which their price is stable, and there is no tendency for it to change unless external factors intervene.

Allocative Efficiency

A state of resource allocation where resources are distributed in accordance with consumer preferences, maximizing overall utility.