Performance Evaluations of Project Teams Should

question 12

Multiple Choice

Performance evaluations of project teams should:

• A)Provide the basis for individual development
• B)Provide the basis for participation on future projects
• C)Provide the basis for salary increases
• D)Both A and C are correct
• E)A, B, and C are all correct

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Definitions:

Quasi-contract

A legal concept where a court imposes a contractual obligation on a party who didn't necessarily agree to it, to prevent unjust enrichment.

Implied-in-fact Contract

is an agreement derived from the actions, conduct, or circumstances of the parties involved, rather than from explicit written or spoken terms.

Negotiable Instrument

An official document that assures the payment of a fixed sum of money, payable either on demand or at a designated time, with the document bearing the name of the person obligated to pay.

Letter of Credit

A financial document issued by a bank that guarantees a buyer's payment to a seller within a specified timeframe.