Answer:
Fixed inventory costs are treated in the same manner as they are under variable costing.
Explanation:
As we know that
The variable costing includes all the variable cost i.e direct material cost, direct labor cost and variable manufacturing overhead cost
While on the other hand the absorption costing is the costing in which all the cost i.e fixed cost and the irascible cost are considered
So the first option is not true as it should not be treated in the same way under both costing methods
Answer:
The project manager can convince the project sponsors with the following reasons which are,
(1) Telling the sponsors the additional benefits that the team will have once a member enters the team.
(2)Informing the sponsors about the work not completed due to lesser number of workers.
(3)Informing the sponsors the additional benefits that the team will have once a member enters the team.
For on boarding a new worker the project manager does the following which includes:
(1)it is very necessary to share the agendas and charters of the previous meetings of the project to help individuals to familiarize with the project scope and goals.
(2)Having a one one meeting a with the individual and discussing with him/her about the project and solve his/her issues.
(3) Doing a formal introduction of the new member to both the project team and stakeholders of the project.
Explanation:
Solution:
In the half way of the project, the project manager can convince the project sponsors in the following ways shown below:
- Informing the sponsors about the work not completed due to lesser number of workers
- Informing the sponsors about the delays taking place due to shortage of members in the team
- Telling the sponsors the additional benefits that the team will have once a member enters the team
- Convincing the sponsors by discussing and talking with him/her the various drawbacks of not having the required numbers of members in the team.
For getting a new member on board for the project, it is very important to share the agendas and charters and minutes of the previous meetings of the project to enable individuals to familiarize with the project scope and goals.
Secondly, a one one meeting and discussion with the individual must be organized to brief him/her about the project and solve his/her issues.
Finally the new member must be introduced to both the project team and stakeholders of the project.
Answer:
Growth Stage
Explanation:
The growth stage of the product life cycle is characterized by rapid market expansion as more and more customers, stimulated by mass advertising and word of mouth, make their first, second, and third purchases. In growth stage sales starts rising rapidly, average cost per customer, profits starts rising as well, early adopters buy products, competitors starts increasing in number. Main aim of any firm in this stage is to maximize market share. Brands need to offer product extension. Price needs to be set to penetrate the market.
