A Negative Cost Variance Combined with a Negative Schedule Variance

question 64

Multiple Choice

A negative cost variance combined with a negative schedule variance is an indicator of

• A) actual cost exceeding earned value.
• B) planned value exceeding earned value.
• C) budget over-runs.
• D) behind schedule.
• E) All of these alternatives are correct.

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Definitions:

Labor Dispute

A conflict between workers and their employer regarding working conditions, wages, or other aspects of employment.

Strike

A temporary, concerted withdrawal of labor.

Work Stoppage

An action taken by employees to halt work, often as a form of protest or to demand better working conditions or pay.

Collective Bargaining

Negotiation process between employers and a group of employees aimed at agreements to regulate working conditions.