Identify the Missing Words in the Following Sentence

question 77

Multiple Choice

Identify the missing words in the following sentence. During the Initiating a Project process the [?] before a project is authorized.

• A) minimum necessary is done to decide if a project is worthwhile
• B) aim is to establish sound foundations to achieve a successful project
• C) Project Brief is assembled and approved
• D) project approach appropriate for delivering a project is selected

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Definitions:

Fixed Costs

Fixed costs are business expenses that remain unchanged regardless of the level of production or sales, such as rent, salaries, and insurance premiums.

Capital

Resources made and used by humans to produce goods and services, including buildings, machinery, and equipment.

Barriers to Entry

Obstacles that prevent new competitors from easily entering an industry or area of business.

Industry Structure

The characteristics that influence the nature of competition and pricing in a particular industry, including the number and size of firms, entry barriers, and product differentiation.