The Technical Side of Project Management Emphasizes

question 27

Multiple Choice

The technical side of project management emphasizes:

• A)team building.
• B)conflict management.
• C)negotiation.
• D)budgeting.

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Definitions:

Cost Behaviour

The characteristic of costs that they either remain stable or change in response to variations in business activity levels.

Sales in Units

The total number of individual items sold by a company, as distinguished from sales measured in currency.

Indirect Costs

Expenses that are not directly traceable to a specific product or process, such as utilities or administrative salaries.

Contribution Margin

is the amount of revenue left after deducting variable costs, which can be used to cover fixed costs and contribute to profits.