What Are Project Assumptions

question 39

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 authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

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Definitions:

Maximum Profit

The highest potential financial gain that can be achieved from an investment or business venture.

Candlestick Chart

A chart, like a stock chart, but with a top line that indicates the high price, and a low line that indicates the low price for a given period; the rectangular region, known as the real body, is displayed in two different colors; the green candlestick indicates that the closing price is greater than the opening price and the red candlestick indicates the closing price is less than the opening price.

Real Body

In candlestick charting in finance, the wide part of a candle, showing the difference between the opening and closing prices.

Stock Closed

The final price at which a stock is traded on a given trading day.