One Difference Between Project Management and Project Leadership Is That

question 25

Multiple Choice

One difference between project management and project leadership is that project management includes

• A) recognizing the need to alter direction.
• B) aligning people to meet new directions.
• C) monitoring results against plans.
• D) motivating people to meet new objectives.
• E) deviating from the plan.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been reported in accounting periods up to the current date for an asset, reducing its book value.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or age.

Book Value

The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets (patents, copyrights) and liabilities.

Prepaid Insurance

Prepaid insurance refers to insurance premiums that have been paid in advance and are recorded as a current asset on the company's balance sheet until the period the insurance coverage relates to occurs.