Rafael Is Close to Completing the Second Phase of His

question 11

Multiple Choice

Rafael is close to completing the second phase of his project, but he cannot progress further until he receives his second installment of funds. In which of the following ways should Rafael communicate this information to his funder?

• A) "The first phase is near completion and we are ready to begin the second phase as soon as we receive the funding."
• B) "I have completed the first phase, and I'm waiting on you to send the rest of the funds to progress further."
• C) "I have not yet received the funds from your end to allow me to begin the second phase of my project."
• D) "I may not complete the project on time, as I am unable to begin the second phase."
• E) "I am completing the first phase of the project and still waiting for the funds to proceed."

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Definitions:

Corporate Profit

The financial surplus gained by a corporation after deducting all costs, taxes, and expenses from revenue.

Physical Capital

The stock of tangible goods like machinery, buildings, and infrastructure that are used in production.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Financial Capital

The funds provided by lenders (and investors) to businesses to purchase real capital equipment for producing goods/services.