One of the First Things That a Project Manager Must

question 239

Multiple Choice

One of the first things that a project manager must do is to

• A) review the plan to be sure of the payment dates.
• B) determine the earned value of work performed.
• C) obtain and put together a project team.
• D) compare actual progress to planned progress.

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Definitions:

Net Income

Refers to the total earnings or profit of a company after subtracting all expenses and costs from its total revenue.

FIFO Method

"First In, First Out," an inventory valuation method where goods first purchased or produced are the first to be sold, affecting cost of goods sold and inventory value.

Different Segments

This refers to the division of a business into multiple parts for analysis, accounting, or management purposes, based on products, services, geographic locations, or customer types.

Increasing Costs

A situation where the costs of producing goods or services rise, possibly due to factors like inflation, increased labor costs, or higher material prices.