A Background Statement Is Often Added to a Project Charter

question 38

True/False

A background statement is often added to a project charter to help stakeholders better understand the rationale and purpose behind the scope overview and business case.

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Horizontal Analysis

Horizontal analysis is a financial analysis technique that compares historical financial data across different periods, to identify trends and growth patterns by analyzing changes in line items.

Base Year Amount

A reference value of an economic indicator or financial metric used for comparison over time, typically set in a specific starting year.

Horizontal Analysis

A financial analysis technique that compares historical financial information over a series of reporting periods, to observe trends and changes over time.