How Aware Others Are of a Leader's Power and Position

question 28

Multiple Choice

How aware others are of a leader's power and position is a function of

• A) skill.
• B) visibility.
• C) centrality.
• D) discretion.
• E) substitutability.

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Definitions:

Management Reserves

Budgetary allocations set aside for unforeseen changes in the scope and cost of a project.

Contingency Reserves

Allocated budget within a project to address unforeseen costs or risks that may arise.

Budget Baseline

A reference point in the project budgeting process that represents the approved plan for project expenditure, against which actual costs are measured.

Internal Rate Of Return

Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of potential investments by calculating the rate of return that sets the net present value of all cash flows to zero.