What Are the Three Primary Variables in Any Project

question 145

Multiple Choice

What are the three primary variables in any project?

• A) Time, cost, expense
• B) Time, expense, requirements
• C) Time, cost, scope
• D) Time, cost, quality

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Definitions:

F.O.B. New York

A shipping term indicating that the seller must deliver goods on board a vessel at the port of New York, with the buyer being responsible for freight and insurance.

Risk of Loss

The exposure to potential financial loss in a transaction, often determining who bears the responsibility if goods are damaged or lost.

Carrier

An entity or company that undertakes to transport goods or people for a fee, such as a shipping line, airline, or telecommunications provider.

Shipment Contract

A contract that specifies the seller's responsibility is fulfilled once goods are handed over for transportation, shifting risk to the buyer.