Which of the Following Is NOT an Assumption of the Classical

question 258

Multiple Choice

Which of the following is NOT an assumption of the classical model?

• A)Wages and prices are flexible.
• B)Investment will lead to money illusion.
• C)People are motivated by self-interest.
• D)Pure competition exists.

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Definitions:

Hierarchical Listing

An organized structure of items or information ranked and arranged strictly in order of rank, value, or authority.

Activity Sequence

The order in which tasks or activities must be carried out to successfully execute a project plan, usually depicted in a project schedule.

Project Logic

The rational and structured reasoning or sequence that underpins the planning and execution strategy of a project.

Project Resources

The various assets, such as time, money, personnel, and tools, allocated to achieve the objectives of a project.