Consider a Five-Mile-Long Railroad Tunnel

question 22

Multiple Choice

Consider a five-mile-long railroad tunnel. Tunnel experts and advocates estimate the total cost to be $200 million. What is the reference class for this project? But reference class projects in this area have been over-budget by 30%. So, what should the actual revised budget number be for this proposed five-mile tunnel project?

• A) Past bridge projects, $230 million
• B) Past tunnel projects, $260 million
• C) Past highway projects, $200 million
• D) Past building projects, $230 million
• E) Past construction projects, $230 million

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Definitions:

Cash Register Tapes

Physical or electronic records produced by cash registers, detailing each transaction made within a business.

Cash Short

A situation where the recorded amount of cash does not match the actual amount of cash available, often indicating errors or theft.

Cash Over

A situation where the amount of cash on hand is more than what was expected or reported, often requiring investigation.

Petty Cash Account

A small amount of cash kept on hand for minor or incidental expenses, controlled through a fund system to manage small business transactions.