Stan Is Thinking About Starting a Toxic Waste Disposal Business

question 52

Essay

Stan is thinking about starting a toxic waste disposal business.He plans to collect the waste from businesses that produce it and then dispose of it in a sanitary landfill.In order to start this business,Stan will need a substantial amount of money to buy and develop the landfill site and purchase five trucks capable of transporting toxic waste.What concerns would you have about operating this business as a sole proprietorship if you were Stan? What alternative form of business organization would you recommend and why?

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Definitions:

Late Start Date

The latest possible date a task or project component can begin without delaying the project deadline.

Total Float

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the project completion date.

Critical Path

Identifies the longest sequence of dependent tasks in a project, determining the shortest possible duration to complete the project.

Gantt Chart

A visual tool in project management that displays a project schedule, showing the start and finish dates of elements and dependencies.