A PM Does Not Need to Understand Why a Project

question 52

True/False

A PM does not need to understand why a project is selected for funding because he did not initiate the process.

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Definitions:

Magazine Circulation

The total number of copies of a magazine that are distributed to subscribers and retailers within a specific period.

Consumer Surplus

The distinction between the aggregate amount consumers are inclined and capable of paying for a service or product and what they actually disburse.

Minimum Imposed Price

A price floor set by the government or a regulatory body, below which the price of a good or service cannot fall.

Producer Surplus

The difference between the amount producers are willing and able to supply a good for and the actual amount received by them when the good is sold.