Which of the Following Is a Difference Between Projects and Processes

question 108

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.
• C)Projects need to be tweaked so that the underlying activities are streamlined, whereas processes involve uncertainty.
• D)Project durations can be predicted easily, whereas process durations are difficult to predict.

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Definitions:

Nondiscriminating Monopolist

A monopolist that charges all consumers the same price for its product, regardless of the quantity purchased or consumer identity.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a specific price.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at different prices.