Significant Events in a Project That Occur at a Specific

question 26

Multiple Choice

Significant events in a project that occur at a specific point in time, are natural control points, and are easily recognized by project participants are known as ___________.

• A) tasks
• B) activities
• C) milestones
• D) due dates
• E) kill points

Comprehend the challenges in evaluating and marketing services due to their intangible nature.

Identify the four unique elements of services: intangibility, inconsistency, inseparability, and inventory.

Understand the role and growth of services in the economy.

Recognize strategies for addressing the inconsistency and inseparability challenges in service delivery.

---

Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the market.

Cash

Currency or its equivalents that a company holds and can use to conduct transactions, considered the most liquid form of asset.

Face Value

The nominal or dollar value printed on a stock, bond, or other financial instrument, representing its value at issuance.

Interest

The cost of using borrowed funds, or the return on invested funds, typically expressed as a percentage rate over a period of time.