Which of the Following Statements About the Closing a Project

question 10

Multiple Choice

Which of the following statements about the Closing a Project process are true? 1. The Closing a Project process provides a fixed point for the receipt of completed Work 2. The Closing a Project process provides a fixed point to review if the objectives set out in the original Project Initiation Documentation have been achieved. Packages for the work performed in the final stage.

• A) Only 1 is true
• B) Only 2 is true
• C) Both 1 and 2 are true
• D) Neither 1 or 2 are true

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Definitions:

Value Chain

Value Chain is a model that outlines the full range of activities required to create a product or service, from initial conception through to the final sale.

Inventory Accounts

Inventory accounts are accounting records that track the quantity and value of products a company holds for sale.

Raw Materials

Basic materials or substances used in the production or manufacturing process to create finished goods.

Finished Goods

Merchandise that has concluded its fabrication phase and is set for market sale to end-users.