What Is a Work Breakdown Structure

question 57

Multiple Choice

What is a work breakdown structure?

• A)A list of the activities making up the higher levels of the project
• B)A definition of the hierarchy of project tasks, subtasks, and work packages
• C)A depiction of the activities making up a project
• D)A Gantt chart
• E)A structure that is incompatible with the Critical Path Method

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Definitions:

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market or industry.

Substitute Products

Products that can serve as replacements for one another; when the price of one increases, the demand for the substitute is likely to increase.

Herfindahl Index

A measure of market concentration used to evaluate the level of competition within an industry, calculated by summing the squares of the market shares of all firms in the industry.

Four-Firm Concentration Ratio

A measure of market concentration that indicates the combined market share of the four largest firms in an industry.