VOICED : London Olympics to come in under minister

VOICED : London Olympics to come in under minister

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

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The transcript discusses the financial management of a large-scale project, highlighting the need for a second budget due to unforeseen circumstances. It details cost savings achieved through effective project management and the reinvestment of funds to support construction. The impact of security costs and the role of private companies in budget management are also covered. Future uses of the venue, including sports events and concerts, are explored to ensure its continuous utilization. The overall message emphasizes the importance of delivering projects on time and under budget to foster economic growth.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why was a second budget necessary according to the transcript?

To increase the project's overall budget

To allow for wider regeneration, security, and tax considerations

To cover unexpected construction costs

To pay for additional project management skills

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the result of the construction savings mentioned in the transcript?

A need to reinvest due to the recession

A £377 million overspend

An increase in the project's timeline

A reduction in project management costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How will the cost of deploying troops be managed?

By increasing the project's budget

By cutting other project expenses

By reimbursement from the private security company

By using public funds

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What future events are planned for the facilities?

Only football matches

World Athletics Championships and other sports events

Concerts exclusively

No events are planned

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential benefit of having a football club use the facilities?

It would increase the project's budget

It would ensure the facilities are used regularly

It would decrease maintenance costs

It would allow for more concerts