A Code of Ethics Especially for Project Managers

question 80

Multiple Choice

A code of ethics especially for project managers:

• A) has been established by the Project Management Institute.
• B) has been formulated by the Federal government.
• C) has been formulated by the World Trade Organization.
• D) is inappropriate, since everyone should use the same guidance on ethical issues.
• E) does not exist at this time.

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Definitions:

Salvage Value

The projected remaining worth of an asset upon reaching the end of its serviceable life.

Straight-Line Depreciation

A formula for distributing the cost of a tangible asset over its period of usability in consistent annual sums.

Production Line

A sequence of operations that assembles or manufactures products in a factory.

Expansion Option

An option within a project that allows for expansion, scaling up production or operations, if the initial phase is successful, often evaluated in capital budgeting.