When Considering the Closure of a Project Most Project Managers

question 21

Multiple Choice

When considering the closure of a project most project managers delay personnel reassignments / release issues as long as possible for all of the following reasons,except __________.

• A)strong reluctance to face interpersonal conflict.
• B)worry that personnel will lose interest once it becomes known that closure is being considered.
• C)unwillingness to approach functional managers about releasing their personnel
• D)concern that the team members will try to avoid death by stretching out the project as long as possible.

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Definitions:

Zero-Balance Account

A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in exact amounts to cover charges or checks presented.

Master Account

A primary account in financial management that holds funds or securities and from which transactions can be made.

Cash Management

The strategy of collecting, managing, and investing cash in a way that enables the company to meet its financial obligations while maximizing liquidity.

Lockbox System

A lockbox system is a banking service used by companies to expedite the collection and processing of accounts receivable by having checks mailed directly to a bank-operated address.