Bob Owns an Auto Parts Firm

question 19

Multiple Choice

Bob owns an auto parts firm.He uses a combination of steel and aluminum to produce his auto parts.All of the following combinations will finish the task on time.Steel costs $15 per unit and the aluminum costs $50 per unit.What combination of steel and aluminum should he use?

• A)10 units of steel and 10 units of aluminum
• B)12 units of steel and 8 units of aluminum
• C)15 units of steel and 7 units of aluminum
• D)20 units of steel and 6 units of aluminum

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Definitions:

SPI Value

The Schedule Performance Index, a measure used in project management to compare the work performed against the work scheduled.

Earned Value Management

A project management technique that combines measurements of project scope, schedule, and cost performance to assess project progress and performance.

Actual Cost

The total amount of money that has been spent on a project or activity up to a specific point in time.

Budgeted Cost

The estimated financial expenditure allocated for a project or a specific activity within a project.