MSU CMP 101 FINAL EXAM 2024 WITH 100% CORRECT ANSWERS

Right to Work Principle: - correct answer affirms the right of every american to work for a living without being compelled to belong to a union Planning - correct answer Process of organizing the activities that must take place to get a project from start to finish. Scheduling - correct answer Introduces real time into the plan. Why is scheduling important? - correct answer The faster you finish a construction project, the more you save on fixed costs and variable costs, and the more money you make. Fixed Costs - correct answer Salaries/overheads Example of Overheads: - correct answer Dumpsters, toilets, cranes, temporary utilities, truck lease payments, equipment, cell phones, ect. Variable Costs - correct answer Construction loan interest/construction insurance What is a Grantt Chart? - correct answer A visual tool used to show scheduled and actual progress of projects. How is a Grantt Chart used? - correct answer Used as a means to logically and pictorially show the sequence of ev