The Budget at Completion (BAC)is the Sum of All Budgets

question 15

Multiple Choice

The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project.As such it is equivalent to:​ 

• A) the total planned value of the project. 
• B) the total earned value of the project. 
• C) the total actual cost of the project. 
• D) the total value of the work completed to date

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Definitions:

Defective

Referring to something that has a flaw or fault which prevents it from functioning as intended.

Reasonable Warnings

Reasonable warnings refer to the adequate and clear alerts or notices given to consumers or users about the potential risks or dangers associated with a product or activity.

Not Reasonably Safe

A term often used in product liability law to describe products that, due to design or manufacturing flaws, pose a risk to consumers beyond what would be considered acceptable or predictable.

Product Liability Case

Legal cases that arise when a consumer is harmed by a defective product, holding manufacturers or sellers responsible for distributing an unsafe product.