If a Job Is Ahead of Schedule,then Its Critical Ratio

question 66

Multiple Choice

If a job is ahead of schedule,then its critical ratio (CR) will be

• A)less than one.
• B)greater than one.
• C)equal to one.
• D)none of the above.

---

Definitions:

Note Payable-State Bank

A debt obligation in the form of a written promissory note made to a state bank, specifying the terms under which repayment will be made.

Collateralized Borrowing

Obtaining a loan by pledging an asset as security for the loan, which the lender can seize if the borrower defaults.

Assets

Resources owned by a company that provide future economic benefits.

Liabilities

Financial obligations or debts that an entity owes to others, which must be settled over time through the transfer of economic benefits.