What Are Project Assumptions

question 39

Multiple Choice

What are project assumptions?

• A) Specific factors that can limit options.
• B) Factors that are considered to be true, real, or certain without proof or demonstration.
• C) Quantifiable criteria that must be met for the project to be considered a success.
• D) A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

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Definitions:

Responsiveness

The ability of a system or organization to react quickly and positively to changes or requests.

Quantity

The amount or number of a material or immaterial good that is considered disposable or usable.

Income Elasticity of Demand

Income elasticity of demand measures how the quantity demanded of a good or service changes in response to a change in consumers' income.

Quantity Demanded

In economics, the total amount of a good or service that consumers are willing and able to purchase at a given price.