Victor, a Project Manager, Is Constructing a Budget for a Project

question 45

Multiple Choice

Victor, a project manager, is constructing a budget for a project to construct a house. He estimates that the materials will cost $100,000 and the project will require 15 people working 6 hours a day to ensure timely completion. He estimates the cost of labor at $15 per hour. Additional costs, safety equipment, and overheads are marked at a rate of 50 percent of direct labor. In this scenario, the total cost of the project will be _____.

• A) $120,000
• B) $102,025
• C) $100,090
• D) $100,900
• E) $110,510

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Definitions:

Meta-analytic Studies

Research studies that statistically combine the results of multiple scientific studies to derive conclusions about the overall effects or trends.

Durability

The ability of something to withstand wear, pressure, or damage, or in psychological terms, the persistence of treatment effects over time.

Eating Disorders

Eating disorders are mental health conditions characterized by abnormal or disturbed eating habits that negatively affect a person's health and wellbeing.

Relapse Rates

The frequency or proportion of individuals who return to a previous state of illness or problematic behavior after a period of improvement.