You Have Been Placed in Charge of a Large Project

question 49

Multiple Choice

You have been placed in charge of a large project.Shortened communication lines are required to insure quick resolution of problems as they arise.You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members.Which project management structure should you use in this situation?

• A)Pure Project
• B)Task force
• C)Matrix Project
• D)Functional Project
• E)PERT

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Definitions:

Derived Demand

Defines the demand for a good or service that results from the demand for another good or service.

Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded.

Labor Demand Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor that employers are willing to hire.

Purely Competitive Seller

A seller operating in a market where goods are homogeneous, and there are no barriers to entry, allowing for many competitors.