Time, Cost, and Quality Are the Three Triple Constraints of Project

question 31

True/False

Time, cost, and quality are the three triple constraints of project management.

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Definitions:

Quotas

Predetermined limits on the amount of goods or services that can be produced, exported, or imported.

Domestic Subsidies

Financial supports provided by a government to local businesses or sectors to boost their competitiveness or manage the cost of their products and services.

Import Licensing

A governmental procedure requiring a permit or license to be obtained before goods can be imported into a country, often used to control the volume of imports.

Investment Securities

Financial instruments that can be bought, sold, or traded, such as stocks, bonds, or options.