Barring a Change in Project Scope and Given a Cost

question 50

Multiple Choice

Barring a change in project scope and given a Cost Performance Index (CPI) that is less than 1, the most reasonable inference to draw is that:

• A) The project will likely finish earlier than planned.
• B) The project will likely finish later than planned.
• C) The project will likely cost more than planned.
• D) The project will likely cost less than planned.
• E) The project will likely be on time and on budget.

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Definitions:

Marginal Tax Rate

The rate of tax applied to the last dollar of income, indicating how much of any additional income will be taken as tax.

Lump-Sum Tax

A tax that is a set amount, no matter the taxpayer's income level or economic activity.

Proportional Tax

A taxation framework where the same rate is consistently applied to everyone, with no variation based on the amount of income.

Marginal Tax Rate

The rate at which tax is charged on an additional dollar of income.