If a Drilling Rig Operates 10 Hours a Day and Takes

question 91

Multiple Choice

If a drilling rig operates 10 hours a day and takes 40 hours to drill 8 meters of earth's surface, the productivity of the drilling rig will be _____.

• A) 2 meters per day
• B) 1 meter per day
• C) 0.8 meters per day
• D) 0.4 meters per day

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Definitions:

Apparent Authority

A situation where a reasonable person would understand that an agent had the power to act on behalf of a principal, even if the agent did not have actual authority.

Agency Relationship

A legal and principal relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business transactions.

Durable Power Of Attorney

A document that authorizes an agent to act on another’s behalf, with the power either surviving incapacity or becoming effective upon incapacity.

Zoning Changes

Modifications or amendments to municipal regulations that dictate how land and buildings within specific zones can be used.