The Construction Manager for ABC Construction Must Decide Whether to Build

question 42

Multiple Choice

The construction manager for ABC Construction must decide whether to build single family homes,apartments,or condominiums.he estimates annual profits (in $000) will vary with the population trend as follows:

-If he uses the maximum likelihood criterion,which kind of dwellings will he decide to build?

• A)Single family
• B)Apartments
• C)Condos
• D)Either single family or apartments
• E)Either apartments or condos

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Definitions:

Flexibility

The ability to adapt to changes, challenges, or new circumstances quickly and efficiently in both personal and professional contexts.

Functional Organizational Structure

A type of organizational structure where the company is divided into departments based on their function within the organization.

Span of Control

The number of subordinates directly managed or supervised by an individual in an organizational hierarchy.

Knowledge

Information, understanding, and skills acquired through experience or education; the theoretical or practical understanding of a subject.