What Are Project Assumptions

question 17

Multiple Choice

What are project assumptions?

• A)Specific factors that can limit options
• B)Factors that are considered to be true, real, or certain without proof or demonstration
• C)Quantifiable criteria that must be met for the project to be considered a success
• D)A document issued by the project initiator or sponsor that formally authorises the existence of a project and provides the project manager with the authority to apply organisational resources to project activities

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Definitions:

Birth Control Pills

Medication taken orally to prevent pregnancy, often considered a qualified medical expense for health savings accounts.

Deductible Interest

Interest payments on loans (such as mortgage or student loans) that can be subtracted from gross income to reduce taxable income under certain circumstances.

Home Mortgage

A loan provided by a financial institution to a borrower for the purchase of a residential property, secured by the property itself.

Tax-Exempt Securities

Investments whose interest income is not subject to federal income tax, and in some cases, state and local taxes.