A Disadvantage of Contingency Funds Is

question 91

Multiple Choice

A disadvantage of contingency funds is:

• A)A recognition that the future contains both knowns and unknowns and the problems that might arise will impact the budget.
• B)It is difficult to ascertain across what project activities contingency funds should be applied.
• C)That application to the contingency fund gives an early warning signal of a potential overdrawn budget.
• D)That provision is made in the company plans for an increase in project cost.

Recognize different barriers to accommodation and how to address them.

Understand the differences between diversity management and employment equity.

Know the fundamental legal and ethical principles guiding employment equity and diversity management, including human rights legislation.

Understand the principles and legislation behind pay equity including the misconception that pay equity equates to equal pay for identical work.

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Definitions:

Simple Random Sampling

A sampling method where each member of the population has an equal chance of being selected, ensuring the sample's representativeness.

Mutually Exclusive

Events that cannot occur at the same time, indicating a scenario where the happening of one event precludes the occurrence of the other.

Simple Random Sample

A sampling method where each member of a population has an equal chance of being selected, ensuring the sample's representativeness of the population.

Equal Chance

The concept that every outcome of a particular experiment or event has the same probability of occurring.