Match Each of the Following Terms with Its Definition

question 28

Multiple Choice

Match each of the following terms with its definition.
-A document prepared for the customer that describes what the project will deliver and outlines generally at a high level all work required to complete the project

• A)Baseline Project Plan
• B)Project Scope Statement
• C)Walkthrough
• D)Operational feasibility
• E)Political feasibility

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Definitions:

Price Ceiling

A legally established maximum price that can be charged for a good or service, usually set by the government.

Shortage

An instance where there is more demand for a product or service than what is available in the market.

Offshore Oil Wells

Drilling sites located in bodies of water, often at a considerable distance from the shore, that are used to extract oil from beneath the ocean floor.

Oil Refineries

Industrial processing plants where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, and jet fuel.