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Which of the following is NOT a characteristic of a project?
- a)The project has specific beginning and terminating points.
- b)The project involves continuous production of goods.
- c)The project outlines the allocation of resources.
- d)The project requires a scientific analysis of financial and technical aspects.
Correct answer is option 'B'. Can you explain this answer?
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Which of the following is NOT a characteristic of a project?a)The proj...
A project is characterized by having specific beginning and terminating points, outlining resource allocation, and requiring a scientific analysis of financial and technical aspects. Continuous production is not a defining characteristic of a project; rather, projects have a distinct start and finish.
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Which of the following is NOT a characteristic of a project?a)The proj...
Introduction:
A project is a temporary endeavor undertaken to create a unique product, service, or result. It is characterized by certain key attributes that distinguish it from ongoing operations or routine activities. This response will explain why option 'B' - "The project involves continuous production of goods" - is not a characteristic of a project.
Explanation:
1. Specific Beginning and Terminating Points:
One of the key characteristics of a project is that it has specific beginning and terminating points. A project has a defined start date and end date, which helps in determining the project duration and managing resources effectively. This distinguishes a project from ongoing operations or routine activities that do not have such defined boundaries.
2. Allocation of Resources:
Another characteristic of a project is that it outlines the allocation of resources. Projects require the identification and allocation of various resources, such as human resources, financial resources, and equipment, to ensure the successful completion of the project objectives. Resource allocation is an integral part of project planning and management.
3. Scientific Analysis of Financial and Technical Aspects:
Projects require a scientific analysis of financial and technical aspects. This means that projects need to undergo a thorough evaluation of the financial feasibility, technical feasibility, and other relevant factors before they are approved and initiated. This analysis helps in determining the project's viability, estimated costs, potential risks, and expected benefits.
4. Continuous Production of Goods:
The statement that the project involves continuous production of goods is incorrect. Projects are temporary endeavors aimed at creating a unique product, service, or result. They are not meant for continuous or repetitive production of goods. Instead, projects are focused on achieving specific objectives within a defined timeframe and then coming to an end. Once the project objectives are accomplished, the project is closed.
Conclusion:
In conclusion, the characteristic of a project that is not accurate is that it involves continuous production of goods. Projects are temporary endeavors with specific beginning and terminating points, require resource allocation, and involve a scientific analysis of financial and technical aspects.
A project is a temporary endeavor undertaken to create a unique product, service, or result. It is characterized by certain key attributes that distinguish it from ongoing operations or routine activities. This response will explain why option 'B' - "The project involves continuous production of goods" - is not a characteristic of a project.
Explanation:
1. Specific Beginning and Terminating Points:
One of the key characteristics of a project is that it has specific beginning and terminating points. A project has a defined start date and end date, which helps in determining the project duration and managing resources effectively. This distinguishes a project from ongoing operations or routine activities that do not have such defined boundaries.
2. Allocation of Resources:
Another characteristic of a project is that it outlines the allocation of resources. Projects require the identification and allocation of various resources, such as human resources, financial resources, and equipment, to ensure the successful completion of the project objectives. Resource allocation is an integral part of project planning and management.
3. Scientific Analysis of Financial and Technical Aspects:
Projects require a scientific analysis of financial and technical aspects. This means that projects need to undergo a thorough evaluation of the financial feasibility, technical feasibility, and other relevant factors before they are approved and initiated. This analysis helps in determining the project's viability, estimated costs, potential risks, and expected benefits.
4. Continuous Production of Goods:
The statement that the project involves continuous production of goods is incorrect. Projects are temporary endeavors aimed at creating a unique product, service, or result. They are not meant for continuous or repetitive production of goods. Instead, projects are focused on achieving specific objectives within a defined timeframe and then coming to an end. Once the project objectives are accomplished, the project is closed.
Conclusion:
In conclusion, the characteristic of a project that is not accurate is that it involves continuous production of goods. Projects are temporary endeavors with specific beginning and terminating points, require resource allocation, and involve a scientific analysis of financial and technical aspects.
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Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer?
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Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer?.
Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer?.
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Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Which of the following is NOT a characteristic of a project?a)The project has specific beginning and terminating points.b)The project involves continuous production of goods.c)The project outlines the allocation of resources.d)The project requires a scientific analysis of financial and technical aspects.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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