Which of the Following Is a Difference Between Projects and Processes

question 108

Multiple Choice

Which of the following is a difference between projects and processes?

• A)Projects are permanent in nature, whereas processes are temporary.
• B)Projects are unique and one of a kind, whereas processes are recurring.
• C)Projects need to be tweaked so that the underlying activities are streamlined, whereas processes involve uncertainty.
• D)Project durations can be predicted easily, whereas process durations are difficult to predict.

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Definitions:

Shares

Ownership units in a company that represent a portion of the corporation's capital, giving the shareholder a right to a part of the profits and assets.

Foreign Exchange Risk

The risk that an entity’s financial position, financial performance, or cash flows will be affected by fluctuations in exchange rates.

Recognised Assets

Assets that have been formally acknowledged and recorded on the balance sheet due to their probable future economic benefits.

Unrecognised Firm Commitments

Obligations or agreements that a company has committed to, but are not yet recorded on the balance sheet because they do not meet the recognition criteria.