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If the Project Manager Is Selected in the Initiating Phase

question 18

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If the project manager is selected in the initiating phase of the project, then the project manager is likely to participate in the development of the project charter for the project.


Definitions:

Total Utility

The complete pleasure derived from the consumption of a specific amount of products or services.

Consumption

The utilization of products and services by families.

Marginal Utility

The change in total utility a person receives from consuming one additional unit of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

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