During the Implementation of Project Closure,the Closure Manager Should Ensure

question 32

Multiple Choice

During the implementation of project closure,the closure manager should ensure that __________.

• A)delivery and implementation of project results were accomplished regardless of closure method
• B)formal acceptance of the project is obtained from the project team
• C)formal acceptance of the project is acknowledged by the client
• D)the project's documentation is shredded

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Definitions:

Equity

The ownership interest held by shareholders in a corporation, calculated as total assets minus total liabilities.

Liability

A financial obligation or debt that a company owes to others, which must be settled over time through the transfer of assets or services.

Asset

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Expense

Money spent or cost incurred in an entity's efforts to generate revenue, representing the cost of doing business.