A Project Manager That Uses Milestones as a Project Control

question 105

Multiple Choice

A project manager that uses milestones as a project control device is using a:

• A)Proactive control system.
• B)Predictive control system.
• C)Feedback control system.
• D)Reactive control system.

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Definitions:

Price Ceiling

A government-imposed limit on the price charged for a product or service, intended to prevent prices from becoming too high.

Surplus

An amount of something left over when requirements have been met; in economic terms, this can refer to excess supply over demand in a market, leading to lower prices.

Shortage

A condition where there's more market demand for a product or service than what is supplied.

Equilibrium Price

The rate at which the volume of goods available meets the volume of goods sought.