Most People Agree That the Modern Concept of Project Management

question 70

Multiple Choice

Most people agree that the modern concept of project management began with the ____.

• A)Great Wall of China
• B)first space shuttle
• C)Egyptian pyramids
• D)Manhattan Project

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Definitions:

Fixed Expenses

Recurring costs that do not fluctuate with the level of production or sales volume, such as lease payments or salaries.

Contribution Margin Percentage

A measure showing what percentage of sales revenue is available to cover fixed costs and contribute to net income, calculated as (Sales - Variable Costs) / Sales.

After-Tax Profit

The profit a company has left after paying all its taxes.

Tax Rate

The proportion of income that the government taxes an individual or business.