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REY [17]
3 years ago
11

Jenna's team is creating a new product. A deliverable for the project consists of building a website for the product. Jenna anno

unces that she will be outsourcing this deliverable. Company A estimated a cost of $60,000 with completion in 3 months, Company B estimated a cost of $100,000 with completion in 2 months, and Company C estimated a cost of $50,000 with completion in 4 months. Jenna averages the three proposed costs and determines that she will need to put $70,000 into the project budget for the website deliverable. What cost estimating technique did Jenna use?a. cost performance baseline
b. historical relationships
c. project funding requirements
d. vendor bid analysis
Business
1 answer:
gregori [183]3 years ago
5 0

Jenna used the vendor bid analysis .

Option D

<u>Explanation: </u>

Vendor Bid Analysis is the tool of evaluating the proposals received by many suppliers to determine the cost of such a project. This can be done by taking into account the risk provided for project works (through quotations, deals, proposals, etc.).

The buyer's side can take account of documents from existing agreements, meeting qualitative needs, capability and infrastructure, establishing time limits for records, financial capacity, and services when analyzing the offers of a good or service.

This is not an official offer to purchase the property, but rather a public declaration that the seller isn't satisfied with the last offer which is used to keep the deal on track.

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True or false: Researchers suggest that the one factor accounting for many of the failures of global teams is ineffective reward
Neporo4naja [7]

This is true. Researchers suggest that  ineffective reward and recognition strategies are factors responsible for the failures.

<h3>What are global teams?</h3>

These are also referred to as the multinational teams. They are the specific type of team that is found in a workforce where the members may be people that are from different places.

By different places, we mean they are from different nations and their cultural backgrounds differ.

Read more on global teams here: brainly.com/question/5392895

7 0
2 years ago
Magic City Enterprises manufactures a beautiful bookcase. Listed below are a number of costs incurred. Identify each cost as eit
FrozenT [24]

Answer:

1. Factory Rent  = Fixed , Product (Indirect Cost)

2. Advertising   = Fixed , Period

3. Packing Supplies for Shipping  = Variable, Period

4. Factory Security Guard  = Fixed, Product (Indirect Cost)

5. Wages of Employees Who Sand the wood  = Variable, Product (Direct Cost)

6. Administrative Assistant in Corporate office  = Fixed , Period

7. Paper Towels in the Men's Room in the Factory  = Fixed , Product (Indirect Cost)

8. Executive Jet  = Fixed, Period

9. Lumber  = Variable, Product (Direct Cost)

10. Depreciation on Factory Tools (Straight-Line) = Fixed, Product (Indirect Cost)

Explanation:

Product versus Period Cost.

A product cost is attached to the cost object and is included in the valuation of the cost object.All manufacturing costs are product costs.

Period costs are not attached to the products. Non-manufacturing costs are Period costs.

Fixed versus Variable.

Behavior of costs in relationship with Activity will tell us whether a cost is a Fixed cost or Variable Cost.

Fixed Costs remain the same for any level of activity, whilst variable costs vary in direct proportion to with the level of activity.

Direct versus Indirect.

By observation of the cost object, we are able to identify is a cost is a direct cost or indirect cost.

Direct costs can be easily traced on the cost object. Indirect costs are difficult to trace on the cost object.

4 0
3 years ago
What do you think of when you hear the words “product development”?
jasenka [17]

Answer: Product development is the complete process of delivering a new product or improving an existing one for customers. The customers can be external or internal within a company.The objective is to ensure that the new or enhanced product satisfies a real customer needs

Explanation:

7 0
2 years ago
If managers at XYZ, Inc. are utilizing direct supervision and other administrative systems as control mechanisms, they are focus
stepan [7]

Answer:

External Controls

Explanation:

Based on the information provided within the question it can be said that the the managers at XYZ seem to be using External Controls. These are outside party that can affect the way that the business is controlled. Since the managers are utilizing supervision and other administrative systems, then they are using outside help instead of handling it themselves with tools at their disposal, thus using External Controls.

8 0
3 years ago
Answer the following statement true (T) or false (F):
grin007 [14]

Answer:

TRUE

Explanation:

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3 0
3 years ago
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