If an Organization That Currently Is Managing a Vast and Well-Balanced

question 86

Multiple Choice

If an organization that currently is managing a vast and well-balanced portfolio of projects decides on a new strategic direction,it will initially face the problem of:

• A)Scarce resources.
• B)A conservative technical community.
• C)Out-of-sync projects and portfolios.
• D)Unpromising projects.

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Definitions:

Production Function

A mathematical representation that explains how inputs in production are related to the goods or services produced.

Proportions

Ratios or fractions that express the relationship of one part to another or to the whole with respect to quantity, size, or amount.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Production Function

A mathematical expression that describes the relationship between input factors of production (like labor and capital) and the output of goods or services.