There was no way that the study tour to Italy could cost only $1500 for 14 days and 13 nights and include all transportation, meals and hotels, but the smarmy professor knew that students would balk at a higher advertised price

Once they were thousands of miles away from home in a country where none of them spoke the language it would be easier to tell them about unanticipated charges and approach the more realistic price of $3500 per person. This type of:
A) Specification change is a common reason for a cost overrun.
B) Lack of definition is a common reason for a cost overrun.
C) Low initial estimate is a common reason for a cost overrun.
D) Unexpected technical difficulty is a common reason for a cost overrun.


C

Business

You might also like to view...

To achieve gains for its members, the Knights of Labor focused primarily on

A. Strikes and boycotts. B. Violent riots. C. Sit down strikes. D. Education and reforming capitalism.

Business

The number of steps in the selection process and their sequence will vary, not only with the organization, but also with the type and level of jobs to be filled.

Answer the following statement true (T) or false (F)

Business

A firm incurs $100 to manufacture an office table. It fixes the market price of the table as $250, and discounts the price to $200. However, the maximum a person is willing to pay for it is $180. What is the amount of total perceived consumer benefits in this scenario?

A. $100 B. $180 C. $250 D. $200

Business

You have $50,000 invested in an account paying 3.50%. If you just finished paying your total college expenses for the coming year and your college costs $19,000 per year, how many years will your money last?

Treat your costs like an annuity with the first payment one year from today.) Use a financial calculator. What will be an ideal response?

Business