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Yuliya22 [10]
3 years ago
9

According to PMI, a project is __________. a. a performance or time target for each major group of activities in a project b. a

temporary endeavor undertaken to create a unique product, service, or result reducing the time it takes to perform certain activities c. the application of knowledge, skills, tools and techniques to project activities to meet project requirements d. None
Business
1 answer:
BARSIC [14]3 years ago
5 0

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.

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One type of systematic error arises because people tend to think of benefits in percentage terms rather than in absolute dollar
raketka [301]

Answer:

She is better off by $40,

Please kindly go through the explanation section for rest of the answers.

Explanation:

From the Question,

Grocery saving = 40%

Laptop saving = 2.5%

Absolute saving in grocery = $4

Absolute saving in Laptop =$10

Yes he should sacrifice 20 mins to save $10 since he does the same for less savings

Second case:

Since Ted is depositing money for only 6 months at 10% interest rate, he is giving up half his annual interest of (0.1*750)/2 = $37.5

Third case:

Interest accrued on student loan = 0.07*2000 = $140

Interest on credit card = $75 + (0.07*1500) = $180

She is better off by $40.

7 0
3 years ago
Interpret the following statement: "An increase in the price of wheat will encourage farmers to
Maksim231197 [3]

Answer:

A. The statement is correct.

Explanation:

According to the law of supply, there is a positive or direct relationship between the price of wheat and the quantity of wheat supplied i.e if the price of wheat is increases then the quantity of wheat supplies is also increases and if the price of wheat decreases then the quantity of wheat supplies is also decreases that represents the direct relationship between the price and the quantity supplied

Hence, the first option is correct

6 0
3 years ago
Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand
viktelen [127]

Answer: Option (c) is correct.

Explanation:

Given that,

Quantity demanded increases by = 30%

Price elasticity of demand = 2

Therefore,

Price elasticity of demand = \frac{Percentage\ change\ in\ quantity\ demanded}{Percentage\ change\ in\ prices}

2 = \frac{30}{Percentage\ change\ in\ prices}

Percentage change in prices = \frac{30}{2}

                                                = 15%

Therefore, price of a particular good decreases by 15%.

8 0
3 years ago
If the production of a good created both external costs and external benefits, but the external costs were greater, without gove
hichkok12 [17]

If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will ​not produce the product at all.

In the production and consumption of goods and services, there exist costs that are passed on to a third party. The general public, who is ultimately responsible for paying for them, is in fact subsidizing goods and services with external costs.

External costs are still necessary to be paid for even when they are not included in the product's price. It is ultimately the responsibility of society as a whole to pay for external costs through taxes, accident compensation, medical expenditures, insurance premiums, deterioration in environmental quality, and losses in natural capital.

Usually, the price of goods and services includes External costs, which results in a higher overall cost. Because consumers frequently select the lowest options, clean, sustainable products have a pricing disadvantage.

Learn more about External costs here

brainly.com/question/13524644

#SPJ4

3 0
2 years ago
If the actual labor rate exceeds the standard labor rate and the actual labor hours exceed the number of hours allowed, the labo
vladimir2022 [97]

Answer:

Option D

Explanation:

As both, the actual rate and actual hours exceed the standards rate and standard hours, both rate and efficiency variance will be unfavorable.

And considering that if the actual labor rate exceeds the standard labor rate and if the actual labor-hours exceed the number of hours allowed, the total labor flexible budget variance will be unfavorable. As the variance is the difference between the Standard Cost and Actual Cost. So if both Standard rate & Standard hrs. are more than actual rate & actual hrs., Actual cost will be more than standard cost i.e. the variance will be unfavorable

Option d is correct

8 0
3 years ago
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