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2 years ago

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What two steps can a project manager take to overcome the planning fallacy?

1 answer:

Lemur [1.5K]2 years ago

3 0

Two steps that a project manager should take to overcome the planning fallacy are:

A) Meet with teammates to uncover potential risks.

C) Consider all risks and carefully examine them.

The planning fallacy is a phenomenon in which predictions about how an awful lot of time might be wished to finish a future task show an optimistic bias and underestimate the time needed.

commonly, participants in those research show off the making plan fallacy. As an example, college college students are generally renowned that they've commonly completed beyond assignments very close to their deadlines, yet they insist that they will end the following undertaking well in advance of the brand new cut-off date.

The making plans fallacy refers to a prediction phenomenon, all too familiar to many, wherein humans underestimate the time it'll take to finish a future task, in spite of the information that previous responsibilities have commonly taken longer than planned.

<em>The question is incomplete. Please read below to find the missing content.</em>

<em />

What two steps can a project manager take to overcome the planning fallacy?

A)Meet with teammates to uncover potential risks.

B)Expand the project’s scope.

C)Consider all risks and carefully examine them.

D)Increase the project’s budget.

Learn more about the planning fallacy here brainly.com/question/9087023

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For a not-for-profit private animal rescue agency, which account should be credited to record a gift of cash from an outside par

sesenic [268]

Answer:

Unrestricted net assets - contributions

Explanation:

Unrestricted net assets are donations made to any nonprofit organization (in this case the animal rescue agency) that can be used for unrestricted general expenses. The rescue agency can use this money for their normal day to day expenses or for whatever other expense that they consider necessary without any type of restriction.

While restricted net assets are donations that must be used for an specific purpose set by the donor.

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3 years ago

During its first and second years of operations, Rogers Company, a corporation using a periodic inventory system, made undiscove

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Answer:

Net Income understated by $20,000

Explanation:

In the first year, closing inventory was overstated by $80,000. The implications of the above would be,

Net Income for the first year would be overstated by $80,000

In the Second year,

Opening Stock would be overstated by $80,000

Due to this, cost of production stands overstated by $80,000.

Now, given in the question that closing stock for second year is overstated by $60,000 i.e profits are overstated by $60,000.

This means, the net effect on profits would be, $80,000 less $60,000 i.e $20,000 understated profits for the second year.

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3 years ago

Skolits Corp. issued 10-year bonds 2 years ago at a coupon rate of 8.7 percent. The bonds make semiannual payments. If these bon

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Answer:

7.36%

Explanation:

Nper = (10-2)*2 = 16

Pmt = 1000*8.7%/2 = 43.5

Pv = -108%*1000 = -1080

Fv = 1000

YTM = Rate(Nper, pmt, -Pv, Fv)*2

YTM = Rate(16, 43.5, -1080, 1000)*2

YTM = 0.036795696 * 2

YTM = 0.073591392

YTM = 7.3591392%

YTM = 7.36%

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3 years ago

Assuming that the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 2

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The reserve requirement when the federal reserve banks sell $40 million in government securities to commercial banks is $8 million.

<h3>How to calculate the reserve requirement?</h3>

From the information given, the the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent.

Therefore, the reserve requirement will be:

= 20% × $40 million

= $8 million.

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brainly.com/question/25812353

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2 years ago

What are some of the things that japan produces?

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Japan produces many things. They produce many popular video games, foods, and toys.

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3 years ago