What Is a Project

question 86

Multiple Choice

What is a project?

• A) A temporary activity undertaken to create a unique product, service, or result
• B) The application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project
• C) Any measurable, tangible, verifiable outcome, result, or item that is produced to complete a project or part of a project
• D) Represent key dates when a certain group of activities must be performed

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Definitions:

Self-Liquidating Debt

A type of short-term loan that is used to finance a project or inventory that will generate enough income to pay back the loan.

Spontaneous Financing

Financing that arises naturally from the normal operation of a business, such as trade credit from suppliers.

Seasonal Working Capital

Additional funds a business may need at certain times of the year to manage increased operational activities.

Clean-Up Requirements

Environmental or legal directives that mandate the remediation of pollution or contaminants from a site.