The Third Phase of the Project Management Process in Which

question 136

Multiple Choice

The third phase of the project management process in which the plans created in the prior phases are put into action is:

• A)project planning
• B)project execution
• C)project initiation
• D)project closedown

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for making immediate payments for small, incidental expenses.

Small Expenditures

Minor or trivial expenses often incurred in the day-to-day operation of a business.

Merchandise

Products acquired for resale to customers in the course of business operations.

Voucher System

An accounting system that involves the use of vouchers as proof of a transaction's occurrence, used for controlling expenditures.