Team Operating Principles Are Sometimes Included in a Project Charter

question 34

Multiple Choice

Team operating principles are sometimes included in a project charter to enhance team performance.Which of the following statements accurately describes the value of establishing team operating principles?​ 

• A) Operating principles increase team effectiveness and ensure that all parties are aware of what is expected. 
• B) Operating principles describe the specific work each team member will perform.  
• C) Operating principles identify the rules along with the punishments to be administered when the rules are broken. 
• D) Operating principles are especially helpful for a routine project where participants have worked together before.

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Definitions:

Morningstar Rating

A system used to rate mutual funds and other investment vehicles based on past performance, risk, and other factors, typically ranging from one to five stars.

Net Asset Value

The net worth of a fund, calculated by subtracting its liabilities from the sum of its assets, commonly associated with mutual and exchange-traded funds.

Closed-end Fund

A type of investment fund with a fixed number of shares that are traded on the stock exchange, unlike mutual funds which continuously offer new shares or buy back existing shares.

Brokered Markets

Marketplaces where buyers and sellers are brought together by third-party brokers to facilitate transactions.