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DIA [1.3K]
3 years ago
12

Which of the following conditions may or will cause firms to exit an industry?

Business
1 answer:
Ahat [919]3 years ago
5 0

Answer:

If price is less than minimum average variable cost, resulting losses will cause firms to leave the industry.

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Project management is not without its critics. As you have read, project management has experienced noteworthy failures in imple
Gnesinka [82]

Answer:

The factors that cause the failure of project management to achieve its goals include the following:

1. The scope of some projects are not well-defined and detailed.

2. Some project managers lack the required project and administrative experience, exposure, and training needed for successful project planning and implementation.

3. Some project managers do not identify the critical project risks from the beginning.

4. Projects that lack formal methods and strategies often fail.

5. It has been established that some project managers and their teams are not well-motivated to deliver their projects, leading to key staff abandoning the company and the projects mid-way.

6. Successful projects require detailed documentation and planning, the setting of deadlines, and the tracking of progress.

7. Leadership is key to effective project management.  Without senior management or politicians' buy-in, some projects face massive failure.

Explanation:

Project management starts from the home to the larger society.  It involves a fundamental application of process knowledge, management skills, technical tools and key deliverables, and various techniques to project activities in order to meet project goals and requirements.  Project managers and organizations that must achieve success should understand the causes of project failure.

7 0
3 years ago
Even though Firm A's current ratio exceeds that of Firm B, Firm B's quick ratio might exceed that of A. However, if A's quick ra
LekaFEV [45]

Answer: False

Explanation:

If Firm A's current ratio exceeds that of Firm B, it is still possible that B's quick ratio is larger than A's. If A's quick ratio is larger than B's however, then there is still a possibility that B's current ratio can be larger than A's.

The current ratio is the Current Assets divided by Current liabilities. The Quick ratio is Current Assets less inventory divided by Current liabilities.

B's current ratio can therefor be larger than A's if it has more inventory than A such that when we calculate the current ratio of B, the extra inventory would give it a higher current ratio than A.

6 0
3 years ago
The general common law rule on contract modifications holds that an agreement to modify an existing contract requires a(n):
dlinn [17]
<span>agreement to modify an existing contract would be the answer</span>
8 0
4 years ago
A cashier at the convenience store ignores a customer who is clearly having trouble serving herself at the refreshment center.
stellarik [79]
This seems a little obvious so the answer is no, doesn’t show good work ethic
7 0
3 years ago
Read 2 more answers
In her work at Powered Solutions, Angelica helps business clients identify, organize, and analyze data from social media sources
Sav [38]

Answer:

C) Data scientist.

Explanation:

Data science is the use of various methods such as algorithms, scientific methods, and systems to get insights and knowledge from structured and unstructured data.

Angelica in helping business clients identify, organize, and analyze data from social media sources, internal CRM databases, commercial entity sources, and government sources is taking a data scientist's role.

6 0
3 years ago
Read 2 more answers
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