To obtain approval for the scope document, the project manager will interview input from key stakeholders to determine if the scope needs additional changes.
A scope document is simply a piece of formal documentation which is outlining both product scope and as well as the project scope. Before diving into a new project, the project manager and his team and any other stakeholders will need to agree on the scope of the project.
So, it is the responsibility of one of the project manager to ensure that only the needed work will be performed and that each of the deliverables can be completed in the allotted time and within the estimated budget.
Hence, option A is correct.
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Answer:
The amount of loss should Jacob Inc. record on December 31, 2019 is $38,000
Explanation:
Truck Value = $48,000
Annual depreciation = ( $48,000 - $8,000) / 8 = $40,000 / 8= $5,000
First year (2018) = $40,000 - $5,000 = $35,000
Second year (2019) = $35,000 - $5,000 = $30,000
Loss = Truck Value (actual) + estimated residual value= $30,000 + $8,000 = $38,000
Answer:
Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters
The parcel of vacant land could be used for building a house for domestic purposes: to be inhabited by a family or any other group of people, or it could also be used for building a commercial property (for example, a convenience shop).
Because the parcel is located at an intersection where there are many commuters, the market will likely determine that a commercial property would be more profitable, since many commuters means many potential customers.
A house, on the other hand, could not be as profitable, because people tend to dislike living in places where there are many people around.
Answer:
Marigold break-even point = 400,000 units
Explanation:
given data
Sales = 59000 units
direct materials = $1180000
direct labor = $590000
variable costs = $59000
fixed costs = $360000
solution
we get here Marigold’s break-even point in units that is express as
Marigold’s break-even point = Fixed Cost ÷ (Selling Price - Variable Cost) .............1
Break Even Point = Fixed Cost ÷ Contribution Margin ............2
so here
Contribution Margin will be =
Contribution Margin = $9
now put value in equation 2 we get
Marigold break-even point = 
Marigold break-even point = 400,000 units
Answer:
The correct answer is The minority decision theory.
Explanation:
In this case, a meeting should be held in order to consider the opinions of the people potentially involved in the new project, since they know aspects of the work and can give better feedback to the management of the company. Considering that only half of the workforce is working, the decision they make will be a minority one, since it only includes a part of the employees who must decide for everyone in general.