A Government Policy Maker Is Trying to Decide Which of Four

question 73

Multiple Choice

A government policy maker is trying to decide which of four methods of reducing highway noise in a residential area should be implemented. She is looking at these four options: $$\begin{array} { | c | c | c | } \hline \text { Plan } & \text { Benefits } & \text { Custs } \\\hline \text { A } & \$ 500,000 & \$ 490,000 \\\hline \text { B } & \$ 550,000 & \$ 530,000 \\\hline \text { C } & \$ 570,000 & \$ 540,000 \\\hline \text { D } & \$ 600,000 & \$ 580,000 \\\hline\end{array}$$ If she uses the cost/benefit logic of economics, which plan will she propose?

• A)Plan A
• B)Plan B
• C)Plan C
• D)Plan D

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Definitions:

Early Start Time

The earliest possible time at which a particular activity or event is scheduled to begin, often used in project management.

Latest Finish Time

Refers to the latest possible point in time that an activity or task can be completed without delaying the project.

Project Completion Time

The estimated or actual period it takes to finish a project from start to end.

Spreadsheet

A digital worksheet that organizes data in rows and columns which can be manipulated and used for calculation, analysis, and storage.