Which of the Following Is a Reason That Project Management

question 42

Multiple Choice

Which of the following is a reason that project management is important?

• A)Organizations do not allow hastily planned projects
• B)Organizational hierarchies are becoming more robust
• C)The firm's reputation is not a concern since projects are invisible to the outside world
• D)Projects are a way to promote effective leadership
• E)It is usually more important to complete a project on time than to complete it correctly

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Definitions:

Liquidated Damages

The stipulation by the parties to a contract of the sum of money to be recovered by the aggrieved party in the event of a breach of the contract by the other party.

Consequential Damages

Losses that arise not directly from a breach of contract but as a foreseeable result of the breach, requiring compensation.

Express Condition

A clearly stated and explicit requirement within a contract that must be satisfied for contractual obligations to be fulfilled.

Formal Language

A set of strings constructed using the formal grammar, often used in computer science, mathematics, and linguistics.