The Authors Mention Three Situations Where the Highest Level of Negotiating

question 43

Multiple Choice

The authors mention three situations where the highest level of negotiating skill is required by the project manager.Which of the following is NOT one of them?

• A)getting personnel from the functional manager
• B)using sub-contractors
• C)changing project deliverables in midstream
• D)using input from multiple functional units in developing the project mission

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Definitions:

Probable Loss

An estimated loss from a contingent liability that is likely to occur and can be reasonably estimated.

Reasonably Possible

Describes a level of likelihood that something might occur, under consideration in areas like assessments of contingent liabilities.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used in the compilation of financial statements.

IFRS

Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring consistency to financial reporting around the world.