During Project Formation,the Organizational Structure Selected Will Have a Major

question 51

Multiple Choice

During project formation,the organizational structure selected will have a major impact on the ways in which conflicts are handled.Lack of clarity about the relative power / influence / authority of the PM and the functional managers is a major component of all conflicts involving __________.

• A)contractual obligations
• B)property rights
• C)budgeting
• D)resource allocation and scheduling

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Definitions:

Financial Crisis

A situation where financial assets suddenly lose a significant part of their nominal value, often leading to bankruptcies and economic downturns.

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect economic decision-making and behaviors.

Financial Gain

An increase in financial wealth, often resulting from investments or the operations of a business.

Sufficient Willpower

The necessary amount of determination and self-control required to achieve a goal or follow through with a decision.