Resources Are Not Usually Hired on a Day-To-Day Basis to Meet

question 16

Multiple Choice

Resources are not usually hired on a day-to-day basis to meet fluctuating requirements.This means that

• A) the maximum number of project resources should be hired for the project duration.
• B) if the workers are employed for the duration of the project and it may be necessary to pay them when idle or overtime when at peak demand.
• C) the actual work performed for each activity should be evaluated to inform the next activity of the number of workers needed.
• D) all projects should plan all tasks for one person to complete the activities to keep the person busy.

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Definitions:

Glass-Steagall Act

US legislation enacted in 1933 to separate commercial banking from investment banking, aiming to reduce financial market risks.

Underwriting Securities

The process through which investment banks issue new securities to the market, assuming the risk of selling them at a certain price.

Accepting Deposits

A banking activity that involves receiving money from customers for safekeeping or for earning interest, typically in savings or checking accounts.

Systematically Important

Refers to entities or institutions whose failure could trigger a financial crisis, necessitating regulatory oversight to ensure stability.