Each Project Team Member Had a Backup That Could Fill

question 57

Multiple Choice

Each project team member had a backup that could fill in at a moment's notice should another team member fall by the wayside.The project was able to mitigate risks in this fashion thanks to an aggressive:

• A)mentoring program.
• B)cross-training program.
• C)duplication program.
• D)featherbedding program.

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Definitions:

Equipment Lease Costs

The expense incurred from leasing or renting equipment instead of purchasing it, often operational in nature.

Selling Price Per Unit

The amount of money charged to the customer for one unit of a product or service.

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and generate profit.

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behavior are valid.