Which of the Following Statements Is True of Projects

question 9

Multiple Choice

Which of the following statements is true of projects?

• A)Projects usually involve greater unknowns and uncertainty than repeated routine operations do.
• B)Projects are usually more important than repeated routine operations.
• C)Once a project plan is made,it is impossible to simultaneously improve the speed,quality,and cost of a project.
• D)Technological factors are almost always more important than social factors in affecting project success.

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Definitions:

Depletion Expense

An accounting concept used to allocate the cost associated with natural resource extraction over the period of their removal or sale.

Accumulated Depletion

The total value of natural resource extraction from a property, representing the reduction of the asset's value on the balance sheet over time.

Ore

A naturally occurring solid material from which a metal or valuable mineral can be extracted profitably.

Mining Site

A location where extraction of minerals, metals, and other geological materials from the earth takes place.