Questions

Forest habitat and soil are conserved through selective logging, in which only some trees in an area of forest are cut.

Operational excellence refers to companies that are good at production, delivery, price, and convenience.

As W and Z alphabets are not widely used similarly as W and Z is internally used they would have been named so

This section identifies and describes the five Project Management Process Groups required for any project. These five process Groups have clear dependencies and are performed in the same sequence on each project.

The five Process Groups are :

Initiating  Process Group - Defines and authorizes the project or a project phase

Planning Process Group - Defines and refines objectives, and plans the course of action required to attain the objectives and scope that the project was undertaken to address.

Executing Process Group - Integrates people and other resources to carry out the project management plan for the project

Monitoring and Controlling process Group - Regularly measures and monitors progress to identify variances from the project management plan so that corrective action can be taken when necessary to meet project objectives.

Closing Process Group - Formalizes acceptance of the product, service or result and brings the project or a project phase to an orderly end.

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.