Which of the Following Is a Difference Between Projects and Processes

question 116

Multiple Choice

Which of the following is a difference between projects and processes?

• A) Projects are permanent in nature whereas processes are temporary.
• B) Projects are unique and one of a kind whereas processes are recurring in nature.
• C) Projects need to be tweaked so that the underlying activities are streamlined whereas processes involve uncertainty.
• D) Projects have broadly defined non-specific goals whereas processes have specific goals.

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Definitions:

Depreciation

The process of methodically dividing the expense of a physical asset over its estimated useful life.

Prepaid Services

Expenses paid in advance for services which will be received in the future.

Unearned Fees

Income received by a company for services yet to be provided or completed; recognized as a liability until the service is performed.

Journalize

The process of recording financial transactions in the chronological order in a company's general journal.