S tate whether True or False:

a. T he amount of authority given to a project manager can be related with the organizational structure.

b. Project manager has maximum authority in matrix organization structure.

c. Project manager has least authority in pure project organization.

d. A uthority is the power granted to individuals so that they can make final decisions for others to follow.

e. R esponsibility is the obligation incurred by individuals in their roles in the formal organization in order to effectively perform assignments.

f. A ccountability is the state of being totally answerable for the satisfactory completion of specific assignments.

g. T he main advantage of sole proprietorship is its unlimited personal liability for debts and the ease in obtaining a large sum of money for the business.

h. T he major advantage of partnership organization is that of impermanence, the ease in transferring ownership, and its limited liability.

i. A corporation is a real being, visible, tangible and existing as per the law.

j. Private limited company is a type of incorporated firm and offers limited liability to its shareholders.
k. Public limited company is an incorporated, limited liability company having tradable shares, etc.
l. Limited liability companies are a combination of corporation and partnership.
m. Project management can be divided into three categories—matrix, functional and project forms of organization.
n. M atrix organization has three different forms—functional matrix, balanced matrix and project matrix.
o. Project manager’s effectiveness can be ensured by three essential skills—technical skills, human relationship skills and conceptual skills.
p. E thical conduct and professionalism are not required for the success of a construction project.
q. Important traits required for project coordination are—team-building skills, contract-implementation skills and project-organization skills.