To Manage Resources Such as Equipment, a Leader Should___________________

question 30

Multiple Choice

To manage resources such as equipment, a leader should___________________.

• A) inventory and check the items at least once a year
• B) make sure all equipment is calibrated and in good service
• C) maintain a list with each item and its location
• D) all but maintain a list with each item and its location
• E) All of these are correct.

Comprehend the implications of activity duration on project scheduling and the critical path.

Appreciate the unique characteristics of projects compared to traditional activities.

Identify the differences between PERT and CPM in project management.

Understand the phases of project management and tools used for project scheduling and planning.

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Definitions:

Good Faith Belief

An underlying assumption or conviction by an individual that their actions or decisions are justified, fair, and honest, based on the information available to them.

Moral Obligation

A sense of duty or ethical responsibility not enforceable by law but considered binding in personal or social contexts.

Nominal Consideration

A token amount shown in a contract to indicate that a contract exists, often used to satisfy the legal requirement for a contract to be binding but not intended as a true economic value exchange.

New Car

Refers to a vehicle that has not been previously registered and comes directly from a dealership or manufacturer.