Which of the Following Statistics from Studies on Failed Projects

question 67

Multiple Choice

Which of the following statistics from studies on failed projects is not true?

• A)Only 32 percent of all technology investments were completed on time,on budget,and with all features and functions originally specified.
• B)Large software projects on average run 66 percent over budget and 33 percent over schedule.
• C)Between 30 and 40 percent of all software projects are "runaway" projects that far exceed the original schedule and budget projections and fail to perform as originally specified.
• D)Thirty-two percent of technology investments are completed on time,within budget,and with requirements met.
• E)The average cost overrun of IT projects is 20 percent.

Understand the impact of the number of firms and product differentiation on a firm's demand curve elasticity in various market structures.

Comprehend the differences in industry concentration measures, specifically the four-firm concentration ratio and the Herfindahl index.

Recognize the role of product differentiation in granting market power to monopolistically competitive firms.

Grasp why monopolistically competitive firms earn zero economic profits in the long run.

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Definitions:

Dynamic

Characterized by constant change, activity, or progress, often referring to environments or systems.

Branded Article

An article created or sponsored by a brand that subtly promotes the brand while providing valuable content to the reader.

Company's Expertise

The specialized knowledge or skills that a company possesses, making it an authority or leader in its specific industry or field.

Dynamic

Characterized by constant change, activity, or progress, often used to describe processes, systems, or environments that are not static.