A Project Team Started Work on a Project and Was

question 240

Multiple Choice

A project team started work on a project and was ahead of schedule when the project sponsor announced that the project needed to stop because of shifting strategic priorities. The constraint described in this scenario is:

• A) cost
• B) environmental
• C) scope
• D) scheduling

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Definitions:

Consolidated Revenues

The total revenue generated by a corporation and its subsidiaries, reported as one amount in the consolidated financial statements.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and typically to receive dividends.

Fair Value

The estimated market price of an asset or liability, based on current market conditions and arm’s length transactions, used for financial reporting purposes.