Termination by Addition Occurs When

question 58

Multiple Choice

Termination by addition occurs when:

• A)Scope creep adds too many activities to the project that prevent it from being completed on time or within budget.
• B)The project is so successful that it becomes institutionalized.
• C)A new project is added to the organization and it commands all of the resources for the original project.
• D)New members join the project team once the project has begun and their skills are insufficient to successfully complete the project.

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Definitions:

Aggregate Demand Curve

A graph showing the relationship between the total quantity of goods and services demanded across all sectors of an economy and the price level, all else being equal.

Long-Run Aggregate Supply Curve

A graphical representation that shows the relationship between the overall price level and the quantity of goods and services produced by an economy when all resources are fully employed.

Cyclical Unemployment

The variation in unemployment caused by the ups and downs of economic cycles, including recessions and expansions.

Recessionary Gap

A situation where an economy's actual production is less than its potential output, often leading to unemployment and underused resources.