A Project Team That Operates with a Full-Time Project Manager

question 71

Multiple Choice

A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using ________ organization.

• A)Functional
• B)Balanced matrix
• C)Weak matrix
• D)Strong matrix
• E)Projectized

Appreciate the significance of the discount rate in the time value of money.

Develop the ability to assess investment projects with uneven cash flows.

Distinguish between simple rate of return and other return on investment metrics.

Evaluate equipment investment decisions using different capital budgeting techniques.

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Definitions:

Implausible Events

Occurrences or scenarios which seem highly unlikely or unbelievable based on logical or empirical evidence.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, rather than merely repeating the term to oneself.

Rote Repetition

The process of learning or memorizing something through continuous repetition without understanding the underlying meaning.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.