It Was Fortunate That the Project Budget Included Contingency Funding;the

question 20

Multiple Choice

It was fortunate that the project budget included contingency funding;the top manager had not foreseen that the project would need the services of their elite slide rule squad in more than one area at the same time.Design couldn't complete their work without their services,nor could marketing,or production.Contingency funds came in handy to meet the unanticipated:

• A)Change in project scope.
• B)Abnormal project conditions.
• C)Consequences of Murphy's Law.
• D)Interaction costs.

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Definitions:

Donated Land

Land that has been given to an organization as a gift, usually recognized at its fair market value on the date of donation.

Deferred Compensation

A portion of an employee's compensation that is set aside to be paid out at a later date, often used as a retirement benefit.

Treasury Stock

Shares of a company’s own stock that it has reacquired from shareholders but not retired, listed as a contra equity account on the balance sheet.

Common Stock Optionwarrants

Equity derivatives that give the holder the right to purchase common stock at a specified price within a certain time period.