Which of These Is NOT Characteristic of a Project

question 100

Multiple Choice

Which of these is NOT characteristic of a project?

• A)Projects are responsible for the newest and most improved products,services,and organizational processes.
• B)Projects are ad hoc endeavors with a clear life cycle.
• C)Projects provide a philosophy and strategy for the management of change.
• D)Traditional process management functions of planning,organizing,and controlling do not apply to project management.

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Definitions:

Price Floor

A government- or authority-imposed price control or limit on how low a price can be charged for a product.

Effective Price Floor

A government-imposed price control above the equilibrium price, intended to ensure producers receive a minimum price higher than what the market would naturally dictate.

Surplus

A scenario in which the supply of a particular good or service surpasses its demand at the existing market price.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market.