William, a Project Manager, Is Trying to Figure Out How

question 18

Multiple Choice

William, a project manager, is trying to figure out how many hours his team can work in a period of three months. After accounting for weekends, he notes that each member of the team can work for five 8-hour days per week. After consulting his calendar, he realizes that there are three public holidays in the next three months and two employees have each requested two separate weeks off. His team consists of 15 people. Given this information, William can allocate approximately _____ of work to his team.

• A) 7,200 hours
• B) 6,120 hours
• C) 7,600 hours
• D) 6,680 hours
• E) 5,500 hours

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Definitions:

Current Assets

Refers to assets that are expected to be converted into cash or used up within one year or in the operating cycle of the business, whichever is longer.

Current Liabilities

A company's debts or obligations that are due to be paid to creditors within one year.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.

Current Ratio

An indicator assessing a corporation's capability to settle its obligations that are due in less than one year, focusing on short-term liquidity.