Which of the Following Statements Is True with Regard to a Project

question 10

Multiple Choice

Which of the following statements is true with regard to a project life cycle?

• A)Resource requirements are high at the beginning of the cycle.
• B)Resource requirements drop sharply as the project moves into advanced stages of development.
• C)Resource requirements are needed only during the defining stages of the project (i.e.,before the project actually begins).
• D)Note that as a project begins,the resources (man hours)needed for it are minimal but then increase sharply as the project moves to its conclusion

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Definitions:

Numerically Controlled

Pertaining to machines or processes that are operated by precise instructions coded in the form of numbers.

Simple Rate

Refers to a basic or straightforward percentage that does not involve compounding over time, typically in finance.

Salvage Value

Salvage value is the estimated residual value of an asset after it has reached the end of its useful life and is no longer useful for its original purpose.

Payback Period

The period of time needed to recover the initial cost of an investment.