Liam Is the Operations Manager of a Construction Company

question 33

Multiple Choice

Liam is the operations manager of a construction company. During a project, a shipment of rafters is delayed by a week. However, the delay does not worry Liam as it would not affect the project deadline. In the given scenario, it is most likely that the installation of rafters is an activity that:

• A) does not have an immediate predecessor.
• B) does not have slack.
• C) is not important to the project.
• D) is not on the critical path.

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Definitions:

Contract Negotiating Procedures

The systematic steps and methods used during the process of reaching an agreement on contractual terms.

Auction With Reserve

A type of auction in which the seller reserves the right to accept or reject the highest bid.

Auction Without Reserve

An auction in which the item for sale will be sold regardless of the price, as there is no minimum bid or reserve price.

Open Price Term

In a contract, a provision that allows the price to be determined later based on agreed criteria or market conditions.