The Project Work Breakdown Structure WBS)

question 8

Multiple Choice

The project work breakdown structure WBS) :

• A) developed around the functions of the project facilitates the understanding of the amount of work required for each stage of the project.
• B) represents a breakdown of the project into components that encompasses a part of the scope of the project.
• C) size is directly related to the duration of each of the activities of the project.
• D) represents increasing amounts of detail at its highest level while the lower levels represent broad categories.
• E) is a hierarchical listing and grouping of the project activities required to produce the deliverables of the project.

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Definitions:

Bond Interest Expense

The cost incurred by an issuer of bonds due to the interest it must pay to bondholders over the life of the bond.

Carrying Value

The book value of assets and liabilities as reported on the balance sheet, considering depreciation, amortization, or impairment.

Future Sacrifice

An expectation to forgo benefits in the future due to current investment or decisions.

Economic Benefit

An increase in the value of an asset or a reduction in liabilities, contributing to an improvement in the financial position of an entity.