Which of the Following Is True About a Project Team

question 76

Multiple Choice

Which of the following is true about a project team?

• A)In a project team, profit sharing, recognition rewards, and stock options are appropriate pay schemes.
• B)A project team is a permanent team, which meets intermittently during the life of the project.
• C)A project team is formed around a joint venture or strategic alliance.
• D)In a project team, all individuals work together daily to accomplish their jobs.
• E)A project team usually meets on a part-time rather than a full-time basis and deals with specific issues.

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Definitions:

Closed Economy

A closed economy is one that does not engage in international trade of goods and services, nor does it allow for capital flows from abroad.

Households Or Invested

The concept of how households either consume goods and services for their own use or allocate savings into investments.

Loanable Funds

The funds available within an economy for borrowing, which consist of household savings, business savings, and any government surplus.

Consumption

The process by which goods and services are used up or utilized, reflecting household spending on such goods and services.