You Have Been Placed in Charge of a Large Project

question 67

Multiple Choice

You have been placed in charge of a large project.Shortened communication lines are required to ensure quick resolution of problems as they arise.You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members.Which project management structure should you use in this situation?

• A)Pure project
• B)Task force
• C)Matrix project
• D)Functional project
• E)PERT

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Definitions:

Price Cut

A reduction in the price of a good or service to attract more customers or boost sales.

Price Increase

A rise in the cost of goods or services, often measured by inflation rates or observed in market prices.

Demand Curve

A graph that represents the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase at various prices.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in the quantity of goods sold, typically derived from the demand curve.