The First Stage of the Project Life Cycle Is

question 167

Multiple Choice

The first stage of the project life cycle is

• A) termination.
• B) execution.
• C) conceptualization.
• D) growth.
• E) planning.

---

Definitions:

Definite-Term Lease

A lease agreement with a specific beginning and end date, distinguishing it from a periodic or at-will tenancy.

Periodic-Tenancy Lease

A rental agreement that automatically renews for successive periods (such as monthly or yearly) until either party terminates it.

Tenancy-At-Will Lease

A lease that may be terminated by the parties at any time.

Tenancy-At-Sufferance Lease

A lease that is created when a tenant who was lawfully in possession of a leased property remains in possession of that property unlawfully after the lease ends because the person with the power to evict him failed to do so.