Which of the Following Statements Is True About Project Decisions

question 57

Multiple Choice

Which of the following statements is true about project decisions?

• A) Decisions made in the conceptual phase of the project are more effective during the design phase.
• B) With new information, it is sometimes important to change decisions made later in the project.
• C) Many project teams are eager and willing to challenge earlier decisions.
• D) Without a mechanism in place to revisit decisions, decisions may be seen with more finality.
• E) The project environment is slow to change, and decisions are made as when the need arises.

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Definitions:

Target Return-on-investment Pricing

A pricing strategy aiming to set prices based on the expected return on investment (ROI) that is targeted by the company.

Annual Target ROI

The specific return on investment a company aims to achieve within one fiscal year.

Target Return-on-investment Pricing

A pricing method aimed at achieving a specific return on investment by setting prices based on the required rate of return.

Automobile Manufacturer

A company engaged in the design, production, marketing, and selling of motor vehicles.