Which of the Following Is a Source of Power

question 2

Multiple Choice

Which of the following is a source of power?

• A) formal position
• B) knowledge
• C) personality
• D) all of the above

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Definitions:

Positive Cost Variance

Occurs when the actual cost of a project is less than the budgeted amount, indicating under-spending or efficiency.

Under Budget

A situation in which the actual spending is less than what was originally planned or allocated for a project or activity.

Management Reserves

Funds set aside by management for unforeseen changes in the scope or cost of a project.

Contingency Reserves

Allocated resources, time, or funds kept in reserve to address potential unforeseen obstacles or costs in a project.