The Normal Cost for an Activity Is $7,000 and the Crash

question 63

Multiple Choice

The normal cost for an activity is $7,000 and the crash cost is $12,000. The normal time to complete this activity is 8 days and crash time is 4 days. If this activity is crashed by 2 days it will cost an additional:

• A) $1000
• B) $1250
• C) $2000
• D) $2500

Understand the concept of speculative risk in the context of starting a small business.

Grasp the principle of financial responsibility laws and their purpose in automobile insurance.

Understand different strategies for managing risks, including avoidance, reduction, assumption, and shifting.

Identify the purposes and features of assigned risk pools.

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SMART Goal

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SMART Goal

A framework for setting goals which are Specific, Measurable, Achievable, Relevant, and Time-bound, leading to better success and clarity.