Intense Global Competition and Rapid Technological Advances Create Pressure to Develop

question 54

Multiple Choice

Intense global competition and rapid technological advances create pressure to develop projects rapidly.This is an example of reducing project duration caused by

• A)Imposed project deadlines.
• B)Time to market.
• C)Unforeseen project delays.
• D)High overhead.
• E)Incentive contracts.

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Definitions:

Investment Center

A decentralized unit in which the manager has the responsibility and authority to make decisions that affect not only costs and revenues but also the fixed assets available to the center.

Authority

The power or right to make decisions, direct others, and enforce obedience within a particular scope.

Plant Assets

Fixed assets that are tangible in nature, such as buildings and machinery, used in the operations of a business and expected to be useful for many years.

Profit Margin

A measure of a company's profitability, typically defined as net income divided by revenue, and expressed as a percentage.