The Ambitious Sprinkler System Project Was Finally Over and It

question 3

Multiple Choice

The ambitious sprinkler system project was finally over and it was hard to believe that it took only two years.The project manager leaned back in his office chair and admired his emerald green lawn and flower garden that was filling in nicely.He was amused by the birds that had gathered to bathe and drink at a persistent puddle just outside his window,a harbinger of the first major repair of his own shoddy workmanship.His review of receipts for the job was less entertaining;between trips to the local home improvement store,consultations with plumbers,city inspectors,and some hired labor,he had sunk a small fortune into his lawn.The manager's:

• A)Historical records made for interesting reading.
• B)Post-project analysis would someday appear in Better Housekeeping.
• C)Financial closeout would be forever hidden from his wife.
• D)Project plan was a document for the ages.

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Definitions:

Great Recession

A significant decline in economic activity across the globe that occurred between 2007 and 2009, widely considered the largest downturn since the Great Depression.

Expected Profit Rate

The anticipated return on investment, calculated based on projected incomes and the inherent risks associated with an investment.

Interest Rate

A fee, denoted as a percentage of the principal sum, that a lender demands from a borrower to use assets.

Investment Project

A planned endeavour to invest capital in assets with the expectation of generating returns over time.