Which One of the Following Could Lower the Risk of a Project

question 9

Multiple Choice

Which one of the following could lower the risk of a project by lowering the degree of operating leverage?

• A) You could hire temporary workers from an employment agency rather than hiring part-time employees.
• B) You could use sub-contractors to produce sub-assemblies of your product rather than purchasing new equipment to do the work in-house.
• C) You could lease equipment on a long-term basis rather than buying the equipment.
• D) You could lower the projected selling price per unit.
• E) You could change the production method to one which relies more on fixed costs and less on variable costs than the current proposed method of production.

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Definitions:

Supervising Attorney

A lawyer who has responsibility for overseeing the work of other attorneys, paralegals, and legal staff within a law firm or legal department, ensuring compliance with legal standards and practices.

Duty of Competence

An ethical requirement that lawyers must possess the legal knowledge, skill, thoroughness, and preparation reasonably necessary for the representation.

Computerized Calendaring

The use of digital systems to schedule and manage appointments, deadlines, and court dates for legal professionals.

Attorney-Client Privilege

A legal principle that ensures communications between an attorney and their client are confidential and cannot be disclosed without the client's consent.