A Specific Event in a Project Is

question 75

Multiple Choice

A specific event in a project is:

• A) work package.
• B) work breakdown structure.
• C) project milestone.
• D) activities.
• E) statement of work.

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Definitions:

Economies Of Scale

Exist when average costs fall as output increases.

Diseconomies Of Scale

Exist when average costs rise with output.

Marginal Costs

The cost associated with producing one additional unit of a product, useful for decision-making on production levels and pricing.

Constant Returns To Scale

When average costs are constant with respect to output level.