A(n) ____________________ Is a Document Issued by the Project Initiator

question 122

Short Answer

A(n) ____________________ is 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.

---

Definitions:

Cash Equivalents

Short-term, highly liquid investments that can be easily converted into a known amount of cash with minimal risk of changes in value.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure consistency.

Reconciling Information

The process of verifying the accuracy and consistency of two sets of records, identifying and explaining discrepancies to ensure financial records match.

Cash Balance

The amount of money a company has in its cash accounts, including currency, coins, and balances in checking and savings accounts, at a given point in time.