Build-It-Better Constructions Received a Contract to Build a Convention Centre

question 72

Multiple Choice

Build-it-Better Constructions received a contract to build a convention centre for $23 000 000.It estimated total costs to be $16 000 000 over a three-year construction period: $5 000 000 in Year 1,$7 000 000 in Year 2,and $4 000 000 in Year 3.What is the total project revenue from the convention centre?

• A)$16 000 000
• B)$23 000 000
• C)$18 000 000
• D)$7 000 000

---

Definitions:

Stock Option Plans

incentive schemes that give employees the option to purchase shares of their company's stock at a set price, typically as part of their compensation package.

Specified Conditions

Conditions that are defined or stated clearly and explicitly, often relating to specific parameters or requirements in a given context.

Enron Collapse

A major corporate scandal involving the bankruptcy of the Enron Corporation in 2001, which was marked by extensive fraud and corruption.

Differential Piece Rate

A compensation system where an employee’s pay is based on the quantity of units produced, with different rates applied depending on the worker's productivity levels.