The Project Charter Should Help the Project Team and the Project

question 33

Multiple Choice

The project charter should help the project team and the project sponsor to develop a common understanding of what the project is all about.All of the following items are elements of that common understanding EXCEPT:

• A) understanding how the project aligns with the goals of the organization
• B) understanding the detailed project schedule
• C) understanding project success measures
• D) understanding what is included and excluded

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Definitions:

Bad Debts Expense

An expense account reflecting the cost of accounts receivable that a company does not expect to collect.

Direct Write-Off Method

The method of writing off uncollectibles when they occur and thus not using the Allowance for Doubtful Accounts. This method does not fulfill the matching principle of accrual accounting.

Income Statement Method

A technique used to create a company's income statement to report earnings and financial performance.