If a Preliminary Proposal Is Approved, Then ____

question 55

Multiple Choice

If a preliminary proposal is approved, then ____.

• A) the project is funded and execution begins
• B) a project manager and staff are assigned to develop a more comprehensive implementation plan
• C) the project is funded and formal detailed planning begins
• D) the project is funded or shelved awaiting funding
• E) the project is allocated limited resources

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Definitions:

Cash

Cash involves money in the form of currency, which includes bank notes and coins, that is in hand or readily available in deposit accounts for immediate use.

Building

A structure established or built from materials to provide shelter or accommodate individuals, businesses, or activities.

Consolidation

The process of combining financial statements of parent and subsidiary companies into one comprehensive set of statements.

Fair Value

The estimated market value of an asset or liability, based on current conditions and informed market participant transactions.