A Hierarchical Approach to Developing a Work Breakdown Structure (WBS)

question 111

True/False

A hierarchical approach to developing a work breakdown structure (WBS) for a project involves breaking major work tasks down into smaller tasks.

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Definitions:

Inputs Variable

Factors of production such as labor, land, and capital that are used to create goods and services.

Long-Run Adjustment

A process businesses undergo to alter their level of output in response to economic changes, ensuring long-term economic efficiency and resource allocation.

Assembly-Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Redesigned Facility

A facility or plant that has been modified or rebuilt to improve efficiency, functionality, or to meet new standards.