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Ivan
3 years ago
5

Clear, ambiguous acceptance criteria for all deliverables are important because they are the basis for verifying that the projec

t scope has been completed in accordance with the customer's requirements and expectations. false true
Business
1 answer:
AVprozaik [17]3 years ago
3 0
<span>This statement is false. Ambiguous acceptance criteria would be unclear, as the word ambiguous implies that the criteria is unclear and can be interpreted multiple ways. Clear, unambiguous acceptance criteria would ensure that the customer's requirements were only interpreted how they were expected.</span>
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Suppose your firm develops a new pharmaceutical product that may be used to reduce blood cholesterol levels, so the firm is the
Troyanec [42]

Answer:

The markup calculated as a result of information about the elasticity of demand

Explanation:

As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.

There are three facts about markup:

1. The Markup is not to be a price below marginal cost of the pharmaceutical product.

2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an

increase in revenue for the seller.

Therefore having a -4 elasticity of demand could imply more profits for the firm.

5 0
3 years ago
Ultimately ________ create and market products that meet the needs of customers
timofeeve [1]
The producers create and market products to consumers, so the answer is producers
7 0
4 years ago
Lux Company uses a periodic inventory system. The company started the month with 20 lamps in its beginning inventory that cost $
svet-max [94.6K]

Answer:

cost of goods sold = $2,310

Explanation:

beginning inventory 20 units at $30 each = $600

purchases during the month = 80 units at $31 each = $2,480

ending inventory = 25 units

using the weighted average cost method, each unit will be valued at ($600 + $2,480) / (20 + 80) = $3,080 / 100 units = $30.80

ending inventory = 25 units x $30.80 = $770

cost of goods sold = (100 - 25) x $30.80 = $2,310

4 0
4 years ago
Ang Li has found it rather hard to move up in her managerial career at her workplace especially when compared to how fellow grad
vovangra [49]

Answer:

The correct answer is "glass ceiling"

Explanation:

The term glass ceiling refers to an unacknowledged barrier to advancement in a profession, for the traditions and concepts that don´t allow a person to rise in respective jobs, because exist external situations like racism or xenophobia. For the current announcement, the glass ceiling appears because Adam Watson (man) has more opportunities than Ang Li (women). It could be considered sexism

7 0
4 years ago
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has a price of $10, average tota
Alex73 [517]

Answer:

$200; $10; $6

Explanation:

(i) Profit is the difference between total revenue and total cost.

Profit = Total revenue - Total cost

         = (Average revenue - Average cost) Q

         = ($10 - $8) × 100 units

         = $200

(ii) Under a perfectly competitive market conditions, the average revenue and marginal revenue are equal and profit maximizing firms under these market conditions producing at a point where marginal revenue is equal to the marginal cost.

Therefore, the marginal cost is equal to $10.

(iii) The average cost is the sum total of average fixed cost and average variable cost.

AC = AFC + AVC

AVC = AC - AFC

        = $8 - ($200 ÷ 100 units)

        = $8 - $2

        = $6

Therefore, average variable cost is equal to $6.

3 0
4 years ago
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