A Project Selection Process That Is Strongly Linked to Strategy

question 66

Multiple Choice

A project selection process that is strongly linked to strategy results in

• A)The most profit.
• B)Better utilization of the organization's resources.
• C)More projects.
• D)A larger and more diverse organization.
• E)Stronger core competencies.

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Definitions:

Goods-In-Bailment Contract

A legal agreement where personal property is transferred into the possession of another for a specific purpose, but ownership is not transferred.

Negotiable Document

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the property it represents being transferable from one person to another.

Nonnegotiable Document

A legal document that cannot be transferred or assigned to another party through endorsement or delivery.

Good-faith Purchaser

An individual who buys property without knowledge of any existing claims or faults of the property, thereby gaining full legal rights.