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:

Persistent Shortages

An economic condition where the demand for a good or service consistently exceeds its supply, often due to factors like price controls, causing prolonged scarcity.

Normal Goods

Goods for which demand increases as the income of consumers increases.

Incomes

refer to the earnings received by individuals or households, including wages, salaries, benefits, and returns from investments.

Equilibrium Price

The cost level at which the supply of products equals the demand for those products in the market.