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:

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due.

Repay

To make payment back to someone from whom money has been borrowed.

Withdraw

To remove or retract something, such as funds from a bank account, or to cease participation in an activity or agreement.

Trade Acceptance

A written instrument, drawn by the seller on the buyer, who accepts it, indicating the buyer’s commitment to pay the seller for goods at a future date.