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Mars2501 [29]
4 years ago
14

Once the plan baseline has been approved and the project is underway, project teams deal with change by establishing and using a

change control system to receive and review change proposals and accept or reject them after evaluating their impact on project scope, cost and schedule.Select one:A. True B. False
Business
1 answer:
IgorLugansk [536]4 years ago
6 0

Answer:

A) True

Explanation:

A project's baseline plan refers to the project's plan starting point. It will serve as the reference point where you can measure the project's progress. Any proposed change to the project must be evaluated using the established change control system. The change control system is not a standard control tool and should be unique to the project based on the project's scope and budget. Changes that negatively affect the project's scope, budget and the schedule should be rejected.

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A strategy is: Multiple Choice an action plan to maximize rewards in the current period in return for big risks. a procedure for
Strike441 [17]

Answer:

An action plan to achieve specific long term goals and objectives. based on the plans formed later resources are allocated. But initially long term goals and objectives are to be framed which is the main objective of strategic planning.

8 0
3 years ago
Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in thi
Greeley [361]
Which of the following statements is generally true about change in the workplace ? a ) Most people accept change easily . b) Smart companies can avoid change altogether. c) Change in the workplace fairly infrequently d) Individuals can learn to manage the change in their lives.
3 0
3 years ago
Goshford Company produces a single product and has capacity to produce 105,000 units per month. Costs to produce its current sal
Salsk061 [2.6K]

Answer:

Net income= $4,836,200

Explanation:

Giving the following information:

Offer:

21,000 units for $77.4

An increase in variable cost= $7.6 per unit

Direct materials $ 12.50 $ 1,050,000

Direct labor 15.00 1,260,000

Variable manufacturing overhead 14.00 1,176,000

Fixed manufacturing overhead 17.50 1,470,000

Variable selling and administrative expenses 14.00 1,176,000

Fixed selling and administrative expenses 13.00 1,092,000

Totals $ 86.00 $ 7,224,000

First, we need to calculate the effect on the income of accepting the offer:

Effect on income= 21,000*77.4 - 21,000*(12.5 + 15 + 14 + 14 + 7.6)

Effect on income= 1,625,400 - 1,325,100

Effect on income= 300,300

Net income= 84,000*140 + 300,300 - 7,224,000

Net income= $4,836,200

6 0
3 years ago
Potential competitors may enter an industry and begin to take market share from existing companies. What would be one of the lar
ludmilkaskok [199]

Production costs are high and require high volumes to achieve profitability.

<h3><u>Explanation:</u></h3>

One of the largest challenges that will be faced by the potential competitors when they try to enter an industry will be that they will face that cost of production will be higher and they would require higher volumes for achieving profits. When a company is new to an industry there will be competitors who are already established well on that particular industry.

The challenges and the opportunity that are in existence will be well known to the existing competitors. They already have buyers and suppliers chain. Hence, the new entrant will have higher production cost and also they require higher volumes to achieve profits.

8 0
3 years ago
At Batavia Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the cor
Alchen [17]

Answer:

Debit to Service Revenue $778 and credit accounts receivable $778.

Debit accounts payable $540 and Credit Store supplies $540

Explanation:

When sales is made to a customer on credit or account, the entries required are debit accounts receivable, and credit revenue. When the customer makes payment, credit accounts receivable ( with the amount paid) and debit the cash account.

Hence, if a collection on account from a customer for $778 was recorded as a debit to Cash $778 and a credit to Service Revenue $778, to correct this, post Debit to Service Revenue $778 and credit accounts receivable $778.

Also, when store supplies are purchased on account, debit store supplies and credit accounts payable with the cost of the supplies received. when payment is made, debit account payable and credit cash account.

Hence where the purchase of store supplies on account for $1,280 was recorded as a debit to Store Supplies $1,820 and a credit to Accounts Payable $1,820. The entries are right but the amount stated is wrong.

Difference (overstatement in both accounts) = $1,820 - $1,280

=$540

To correct this,

Debit accounts payable $540

Credit Store supplies    $540

5 0
3 years ago
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