Value Generated by a Project Is ______

question 59

Multiple Choice

Value generated by a project is ______.

• A)the product of planned expenditures and percentage of tasks completed
• B)the ratio of planned expenditures to percentage of tasks completed
• C)the sum of planned expenditures divided by number of tasks scheduled for completion
• D)the ratio of actual expenditures and percentage of tasks scheduled for completion

---

Definitions:

Trade-Offs

Decisions made that involve a sacrifice of one thing to obtain another, often used in discussions of economic and personal choices.

Opportunity Cost

This represents the value of the best alternative foregone when a decision to pursue a certain action is made.

Given Budget

A specified sum of money allocated for a particular purpose, often within a fixed time period.

Price

The amount of money or its equivalent paid or charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.