Identify the Statement That Is Not Correct Regarding a Project

question 25

Multiple Choice

Identify the statement that is not correct regarding a project budget.

• A)The budget is included in a project plan.
• B)The budget is not an expression of organizational policy.
• C)The budget serves as a control mechanism for the project.
• D)The budget serves as a standard for comparison of planned and actual usage of resources.

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Definitions:

Binding Contract

an agreement between two or more parties that is enforceable by law, committing all involved to fulfill their obligations.

Perform

To carry out, execute, or do an action or activity.

Competent

Having the necessary ability, knowledge, or skill to perform a task effectively or to make legally binding decisions.

Adequate Market

An economic concept where there is a sufficient number of buyers and sellers for a particular product or service.