Increasing the Cost of a Project Can Reduce the Time

question 41

Multiple Choice

Increasing the cost of a project can reduce the time required to complete the project up to a certain point, beyond which, the time required would increase due to ________.

• A) economies of scale
• B) diseconomies of scale
• C) economies of scope
• D) diseconomies of scope

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Definitions:

Delegation

The act of transferring responsibility and authority from one person or group to another.

Assignment

An assignment involves the transfer of rights or property from one party to another, typically related to contracts, but also applicable in other legal contexts.

Third-Party Beneficiary

An individual or group that stands to benefit from a contract made between two other parties, even though they are not a direct party to the contract.

Personal Skill

Individual abilities or talents that contribute to performing tasks or jobs effectively, often developed through experience and training.