Questions

The law of demand implies that "The higher the price of a good, the lesser the quantity demanded".

For example:

If the rate of a mobile phone increased, the quantity demanded by the customers is decreased.

Something that saves your money is cost-effective and is also called as economical.

The minimum age for getting a learner's license as per the government rules is 16 years.

The objective of the Niryat Bandhu Scheme is to reach out to the new and potential exporters and mentor them through orientation programmes, counselling sessions, individual facilitation, etc., for being able to get into international trade and boost exports from India.

I. Inputs

• Project scope statement


• Work breakdown structure


• WBS dictionary


• Project scope management plan


• Performance reports


• Approved change requests


• Work performance information

II. Tools and Techniques

• Change control system


• Variance analysis


• Replanning


• Configuration management system

III. Outputs

• Project scope statement(updates)


• Work breakdown structure(updates)


• WBS dictionary (updates)


• Scope baseline (updates)


• Requested changes


• Recommended  corrective action


• Organizational process assets (updates)


• Project management plan (updates)

Project managers or the organization can divide projects into phases to provide better management control with appropriate links to the ongoing operations of the performing organization. Collectively, these phases are known as the project life cycle.