A financial related activity that must be performed during the closing phase is assuring that
A) total budgeted costs are calculated.
B) the quarterly payments are invoiced.
C) the personnel responsible for financial work is identified.
D) all payments have been collected from the customer.

Question

Quizplus · Accepted Answer

During the closing phase, it is important to ensure that all payments have been collected from the customer. This is necessary to ensure that all financial obligations have been fulfilled and that the project budget is complete. Options A and B are not specifically related to the closing phase, while option C may have been identified earlier in the project.

A Financial Related Activity That Must Be Performed During the Closing