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Lelu [443]
3 years ago
11

Define project cost terms and tell how each is used in estimating project cost. Compare and contrast analogous, parametric, and

bottom-up methods of estimating costs. Describe issues in project cost estimating and how to deal with each.
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

Answer:

The project cost is a cost required to procure all the needed products, services and resources to deliver the project successfully.

Explanation:

Analogous estimation: involves comparing a past similar project to your current project and the use of analogy to estimate cost.

Parametric Estimation: This estimation uses the historical data based on the real data and saves lots of time to calculate the cost estimation.  

Bottom-up approach: also called definitive technique breaks up all activities of the project to the micro level in order to conduct comprehensive cost estimation.

The issues in project cost estimation include cost overruns, inefficiencies and project surprise. To effectively mitigated them, Bottom-up approach should be applied. It is an expensive but very reliable method.

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Under optimal monetary policy, the central bank adjusts its policy based on anticipated rather than current inflation and output
Drupady [299]

Answer: Monetary policy has a long outside lag.

Explanation:

The options are that:

a. It wants to avoid time inconsistency problems.

b. It takes time for the Central Bank to implement its policy decisions.

c. Monetary policy has a long outside lag.

d. Forecast errors are often rather large.

Monetary policy is the use of interest rate and the supply of money to control the economy. Optimal monetary policy helps to maximizes the welfare of individuals and firms given the frictions that occur in the economic environment.

Under optimal monetary policy, the central bank adjusts its policy based on anticipated rather than current inflation and output gaps because monetary policy has such long outside lags. It has a long outside lag because they mainly affect the investment plans of business and a change in the rate of interest might not really have a full effect on the spending on investment for several years.

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3 years ago
Which of the following items will you need in order to complete the PROFILE?
Lady_Fox [76]

Answer:

c. Current bank statements

Explanation:

The CSS Profile is an essential document/form which is required to gain financial aid for college tuition. In general, it needs to assess whether an individual (student) is eligible to get such a benefit.

Naturally, the documents needed to make progress with completing the profile are the ones related to <u>financial information</u> (tax, bond possession, W-2 parent forms).

Other items listed can be demanded by a particular college, but are not essential to complete the profile.

4 0
3 years ago
Read 2 more answers
Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 30% of the next month's sales.
DIA [1.3K]

Answer:

Production June= 288,000 units

Explanation:

Giving the following information:

Desired ending inventory= 30% of next month's sale.

Beginning inventory= 85,500 units

Sales:

June= 285,000 units

July= 295,000 units

To calculate the production required for June, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 285,000 + (295,000*0.3) - 85,500

Production= 288,000 units

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4 years ago
Marketing goods and services to the B2B market relies more heavily on advertising than marketing efforts aimed toward the consum
morpeh [17]

This statement "Marketing goods and services to the B2B market relies heavily on advertising than marketing efforts aimed toward the consumer market" is:True.

<h3>What is B2B marketing?</h3>

B2B marketing which full meaning is business to business marketing can be defined as the process in which business owners tend to focus on selling their products or goods to other businesses rather than their customers.

Based on this, companies or business owners  prefers to advertise their goods and service to other business owners so as to make profit or generate revenue.

Inconclusion the statement is true.

Learn more about B2B marketing  here:brainly.com/question/26506080

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