A Project Life Cycle Is Useful Because ______

question 81

Multiple Choice

A project life cycle is useful because ______.

• A)it provides a graphic representation of how the project is expected to perform
• B)it can be used to evaluate the project budget
• C)it can be used to evaluate the actual project costs
• D)it can be used to evaluate the efficacy of the project's plan

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping, reflecting price sensitivity.

Quantity Demanded

The complete sum of a good or service that shoppers intend and have the means to purchase at a set price.

Price

The amount of money expected, required, or given in payment for something, reflecting the value that customers pay for goods or services.

Substitutes

Products or services that can replace each other in use, offering consumers choices in the marketplace.