________ Reserves Are Controlled by the Project Manager and the Owner

question 37

Multiple Choice

________ reserves are controlled by the project manager and the owner of the project and are used to cover major unforeseen risks to the entire project.

• A) Management
• B) Contingency
• C) Budgetary
• D) Unforeseen
• E) Incidental

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Definitions:

Arms Embargo

An imposed ban on the trade of weapons with specific nations, groups, or entities, typically used as a form of political or economic pressure.

Lend-Lease

A program during World War II in which the United States supplied allied nations with vast amounts of war material while not formally entering the conflict.

Peacetime Draft

Refers to the government policy of conscription or mandatory enlistment of citizens into the military during times of peace, to maintain an armed force readiness.

National Industrial Recovery Act

A 1933 U.S. law passed as part of President Franklin D. Roosevelt's New Deal to stimulate economic recovery by regulating industry production levels and increasing workers' purchasing power.