A Site Manager Has Three Day Laborers Available for Eight

question 41

Multiple Choice

A site manager has three day laborers available for eight hours each and a burning desire to maximize his return on their wages.The site manager uses linear programming to assign them to two tasks and notes that he has enough work to occupy 21 labor hours.The linear program that the site manager has constructed has

• A) slack.
• B) surplus.
• C) a positive shadow price for labor.
• D) no feasible solution.

Distinguish between different types of bonds and their legal implications.

Explain the treatment and development of negligent misstatement and its impact on negligence law.

Understand the purpose and functions of self-governing professional bodies, including their disciplinary actions.

Identify and explain the potential liability professionals face and strategies to minimize such risks.

---

Definitions:

Gross Profit Percentage

A financial ratio that expresses a company's gross profit as a percentage of net sales, indicating the efficiency of production and sales activities.

Operating Expenses

Expenses incurred through normal business operations, such as salaries, rent, and utilities, excluding cost of goods sold.

Primary Operations

The main activities a company engages in that directly relate to its core business or purpose.

Gains on Sales of Investments

The profit realized from the sale of investments such as stocks, bonds, or real estate.