A Primary Advantage of a Functional Project Organizational Structure Is

question 28

Multiple Choice

A primary advantage of a functional project organizational structure is:

• A)The needs of the project client are prioritized over the needs of the function.
• B)A single project manager has full control over the entire project.
• C)A functional manager controls both the budget and the schedule.
• D)All project team members report to one boss.

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Definitions:

Standard Cost System

An accounting method that uses predetermined costs for valuing inventory and recognizes variances between these costs and actual costs.

Cost of Goods Sold

The primary costs involved in the production of goods a company deals in, including the expenses for materials and labor.

Variances

Differences between planned, budgeted, or standard costs and actual costs, used in performance measurement and control.

Standard Cost

A predetermined cost of manufacturing, delivering, or producing goods under normal conditions.