Which of the Following Sentences Is the Most Concisely Worded

question 53

Multiple Choice

Which of the following sentences is the most concisely worded without being ambiguous?

• A) "The project manager is in charge of specifications until such time as the project gets underway."
• B) "The project manager should provide specifications prior to the start of a project."
• C) "Project managers have the capability of changing specifications."
• D) "The project managers told the engineers last week that the specifications were changed."

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Definitions:

Futures Contract

A standardized legal agreement to buy or sell a specific commodity or financial instrument at a predetermined price at a specified time in the future.

Market Value

The current price at which an asset or service can be bought or sold.

Gross Profit

The financial gain made after subtracting the cost of goods sold from revenue, indicating the efficiency of a company in managing its production and labor costs.

Fair Value Hedge

A hedge of the exposure to changes in fair value of a recognized asset or liability or an identified portion of such an asset or liability that is attributable to a particular risk.