The President of a Consulting Firm Wants to Minimize the Total

question 27

Multiple Choice

The president of a consulting firm wants to minimize the total number of hours it will take to complete four projects for a new client. Accordingly, she has estimated the time it should take for each of her top consultants-Charlie, Betty, Johnny, and Rick-to complete any of the four projects, as follows:
Assume there must be one-to-one matching between consultants and projects. In how many different ways can she assign these consultants to these projects?

• A) 4
• B) 8
• C) 16
• D) 24
• E) 256

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Definitions:

Investment

Allocation of resources, such as capital or time, in anticipation of generating income or profit in the future.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear.

Straight-Line Method

A method of calculating depreciation or amortization by spreading the cost of an asset evenly across its useful life.

Accumulated Depreciation

The total amount of depreciation expense allocated to a fixed asset since it was put into use.