Robert, a Project Manager, Created a Work Breakdown Structure (WBS)

question 51

Multiple Choice

Robert, a project manager, created a work breakdown structure (WBS) for his new project. He then used the data from the WBS to create a table that assigned responsibilities to each team member and helped organize the project team. In this scenario, Robert created a(n) _____.

• A) Failure Mode and Effect Analysis (FMEA) chart
• B) RACI Matrix
• C) Langley histogram
• D) Gozinto chart
• E) contingency plan

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Definitions:

Accumulated Depreciation

The total depreciation costs applied to a fixed asset from the time of its acquisition.

Fair Market Value

The price at which a willing buyer and a willing seller, both possessing reasonable knowledge of relevant facts, would exchange an asset.

Journal Entry

A record in the books of accounts that represents a business transaction, involving at least two accounts to record the financial activity.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses over a fixed period of time.