F I were to start a new business, the three departments that I would need right away are the production department, a sales and marketing department, and a finance department. A production department would be necessary as I would require a product or service to offer the market. A sales and marketing department would also be necessary, because I would need to sell this products in order to make money. A finance department would be necessary to manage the financial resources of the company.
Answer:
Identification of Features Applying More to Job Order Operations, Process Operations, or Both:
Features
1. Cost object is a process. Process Operations
2. Measures unit costs only at period-end. Process Operations
3. Uses indirect costs. Both
4. Transfers costs between Work in
Process Inventory accounts. Process Operations
5. Uses only one Work in Process account. Job Operations
6. Uses materials, labor, and overhead costs. Both
Explanation:
The main difference between the two operations is the manner costs are accumulated. Job operations accumulate costs for different jobs that are not similar. Process operations accumulate costs to show the process a product passes through. The product of a process operation is not unique like the product of a job operation.
Answer: False.
Explanation:
Viral marketing is a form of marketing where information about a product or brand is made to spread very quickly among a consumers within a short period of time, with the aim that the popularity of the product would increase sales. In viral marketing the company is not directly involved in communicating with their customers, but rather communication is done on their behalf.
Answer: A project charter contains:
- Project manager assigned, his responsibility and authorization level.
- Project Objectives
- Project justification.
- Project general description.
- High level requirements
- High level risks.
- Summary of the most important milestones in the schedule.
- Budget Summary
- List of Stakeholders or stakeholders of the Project.
- Requirements for project approval.
- Name and level of authorization of the Sponsor or the person authorizing the Project Charter.
The important thing with the generation of this document is that there is a formal record of the initiation, limits and completion of the project being of great importance for its success.
In this way, with all this information established with security, it allows the manager to obtain funds from third parties for the realization of the project.
