Answer:
B. a temporary endeavor undertaken to create a unique product, service, or result reducing the time it takes to perform certain activities
Explanation:
According to PMI, a project is a temporary endeavor undertaken to create a unique product, service, or result." Unlike other business activities, a project has a clear starting point and ending point, after which the people and resources dedicated to the project are reassigned. PMI is a project management association, which develops a standard for project, program, people, organization, etc. Also, they provide world- recognized certification.
Answer and Explanation:
As the name suggests the pre customer contact means contacting the customer before selling the product so that the firm could able to find out the requirement of the customer what he or she needs
The firm has the responsibility to provide the information about their products and services so that the customer could able to decide what he or she actually wants
After the selling the person could become the customer
Answer:
Explanation:
There are primarily two types of costs, i.e. variable costs and fixed costs. The variable cost is the cost that varies when the level of production changes, whereas the fixed cost is the cost that remains constant, whether the level of production changes or not.
Therefore, indirect material indirect labor, and factory supplies are included in the variable costs, and the fixed costs include supervision taxes and depreciation expenses.
The mixed cost is a mix combination of both the variable cost and the fixed cost which includes some components of fixed cost and some components of variable cost. It is also known as semi-variable cost
Example - transportation cost, tel communication cost, etc
Answer:
Explanation:
The journal entries are shown below:
a. Short term notes receivable A/c Dr $5,300
To Service revenue A/c $5,300
(Being the service is provided based on the notes receivable)
b. Short term notes receivable A/c Dr $9,300
To Cash A/c $9,300
(Being cash is paid)
c. Short term notes receivable A/c Dr $4,300
To Account receivable A/c $4,300
(Being 3-month note receivable is accepted which is signed by the customer)
