Which of the Following Is NOT Typical of a Project

question 51

Multiple Choice

Which of the following is NOT typical of a project manager?

• A) Managing a temporary activity
• B) Overseeing existing operations
• C) Managing a nonrepetitive activity
• D) Responsible for time, cost and performance trade-offs
• E) Work with a group of outsiders, including vendors and suppliers

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Definitions:

Minimum Imposed Price

A price floor set by the government or a regulatory body, below which the price of a good or service cannot fall.

Producer Surplus

The difference between the amount producers are willing and able to supply a good for and the actual amount received by them when the good is sold.

Consumer Surplus

The variance between the price consumers are ready to offer for a good or service and the price they actually incur.

Price Ceiling

A government-imposed limit on how high the price of a product can be charged in the market to protect consumers from high prices.