Brian Is Assigned His First Project

question 81

Multiple Choice

Brian is assigned his first project. If things go well, he should get promoted. The CEO is aware of this project, so he has a chance for high visibility. His first task is to define the work break down structure by interviewing project activity managers, and the firm's friendly, yet boring accountants, to get "good estimates" of project activity times and costs. For Activity Z, the crash cost per week is _____, given the following data: normal time = 5 weeks, crash time = 2, normal cost = $7,560, and crash cost = $17,365.

• A) less than or equal to $1,000 per week
• B) more than $1,000 but less than or equal to $2,500
• C) more than $2,500 but less than or equal to $3,000
• D) more than $3,000 but less than or equal to $3,500

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Definitions:

Inflationary Recessions

Economic scenarios characterized by stagnant growth and increasing prices, marking simultaneous occurrences of recession and inflation.

Macropolicy-Makers

These are government officials or agencies responsible for making decisions that affect the economy as a whole, focusing on issues like inflation, unemployment, and economic growth.

Treasury Borrowing

The process by which the government raises funds to finance its expenditures by issuing debt securities, such as bonds and treasury bills.

Inflationary Spiral

A situation where prices increase continually as demand outstrips supply, often leading to rapidly increasing inflation.