The Project Lifespan Stage Where Team Members Come Together for a Purpose

question 48

Multiple Choice

The project lifespan stage where team members come together for a purpose best describes

• A)forming.
• B)storming.
• C)norming.
• D)performing.

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Definitions:

Initial Investment

The amount of money used to start a new business venture, project, or investment.

Natural Resources

Raw materials and components found in the environment that can be used for economic gain, such as minerals, forests, water, and land.

Final Goods and Services

Goods and services sold to final, or end, users.

Entrepreneurial Ability

Entrepreneurial ability involves the skills and qualities that enable an individual to identify opportunities, take risks, and organize resources effectively to start and manage a business.