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A stakeholder with whom the project manager has worked on numerous occasions drops by and requests that the project management add two small items to the application under development. The stakeholder has seen the value of these changes in other applications and assures the project manager they are easy, quick changes. Which of the following BEST describes how the project manager should respond?
Prices
The monetary values assigned to goods, services, and assets in an economy, influencing demand, supply, and consumption.
Normal Profit
The minimum level of profit needed for a company to remain competitive in the market, essentially covering its opportunity costs.
Variable Costs
Costs that change in proportion to the level of production or other activity of a business, such as materials and labor costs.
Fixed Costs
Expenses that remain constant regardless of the amount of goods produced or sold, including rent, salaries, and insurance costs.
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