Although the Project Manager Is Ultimately Responsible for the Success

question 225

True/False

Although the project manager is ultimately responsible for the success of a project, each member of the project team shares in that responsibility.

Comprehend the process of director selection and the time frame for their service.

Describe how the number of corporate directors is determined and the significance of affiliated and unaffiliated directors.

Recognize the requirements for a valid corporate board meeting and the concept of a quorum.

Distinguish between the roles of shareholders and directors/officers, and understand shareholder rights and responsibilities.

---

Definitions:

Social Impacts

The effects of actions (corporate, governmental, or individual) on the well-being of a community or society.

Economic Impacts

The effect of business decisions or policies on the economy of a region, including factors like employment and GDP.

Management Performance Indicators

Metrics used to monitor and assess the effectiveness and efficiency of managerial actions in meeting organizational goals.

Environmental Performance

A measure of how well an organization or country is managing its environmental responsibilities and reducing its environmental impact.