The Project Organization Works Best When Which of the Following

question 126

Multiple Choice

The project organization works best when which of the following conditions are satisfied? I. Work tasks can be defined with a specific goal and deadline.
II. The job is typical and familiar to the existing organization.
III. The work contains interrelated tasks requiring specialized skills.
IV. The project is temporary but unimportant to long-term organizational success.
V. The project cuts across organizational lines.

• A) I, II, III, IV, V
• B) None of these conditions need to be satisfied.
• C) I, III, V
• D) I, II, III, V
• E) I, III, IV, V

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Definitions:

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period.

Monopolist

A monopolist is a single seller in a market who has significant control over the supply of a product or service, and thus can influence prices and market conditions.

Marginal Revenue

This is the increase in revenue that results from the sale of an additional unit of a product.

Marginal Cost

The change in total production cost that arises when the quantity produced is incremented by one unit.