The Rapid Evolution of Technology and the Need to Freeze

question 95

Multiple Choice

The rapid evolution of technology and the need to freeze a project's scope can combine to render a project:

• A)Too costly to complete.
• B)Obsolete before it can be finished.
• C)A poor fit with current company strategy.
• D)So complex that it will take too long to complete.

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Definitions:

Ideal Level

Ideal level often refers to the optimal state or condition for operations, efficiency, or functionality in various contexts.

Letter Of Credit

A written statement by a bank that money will be paid, provided conditions specified in the letter are met.

Factored Inventory Loan

A type of financing where a company borrows money against the value of its inventory, which is often controlled or managed by the lender.

Line Of Credit

A financial arrangement between a lender and a borrower that allows the borrower to draw funds up to a predefined limit as needed.