Professional Characteristics of a Project Manager Include

question 22

Multiple Choice

Professional characteristics of a project manager include

• A)is honest and has integrity.
• B)assertive and confident.
• C)team player.
• D)adaptable to situations.

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Definitions:

Decreasing-cost Industry

An industry in which costs per unit decrease as the scale of production increases.

Long-run Supply Curve

A curve that shows the relationship between the price of a good and the quantity supplied over a long period, taking into account all possible adjustments including entry and exit of firms.

Input Prices

The costs of raw materials and components required to produce a good or service.

Allocative Efficiency

Occurs when resources are distributed in a way that maximizes the net benefit to society.