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scoundrel [369]
3 years ago
8

A general contractor is managing a construction project that will add a new conference room to an existing office building. The

project was documented in a fixed-price contract that specified a completion date. The contract includes a damages clause imposing a late completion penalty if the conference room is not ready for use by the due date. One month into the implementation, the customer wants to modify the room's lighting equipment. The requested change will delay the project's critical path by three months.
Business
1 answer:
professor190 [17]3 years ago
6 0

Answer:

A) Using a change management system to influence performance

Explanation:

First of all, since the change was proposed by the customer, any delay in the construction project caused by their new request should not trigger the damage clause.

The contractor should use a change management system so the existing baseline is not altered by the delay. A change management system is responsible for managing all the changes that might occur during the project's inception until its completion. It is important that all changes or alterations to the original schedule are properly recorded and authorized (in this case to prevent the damage clause).

By using the change management system, the organization has a standardized methodology for handling changes in the project's schedule. This way any negative impact can be reduced.

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a firm in a perfectly competitive industry is producing 1000 units of output and earning revenues of 50000. At that level of out
hram777 [196]

Answer:

Increase quantity to where AC = MC = D=AR=MR

Explanation:

A perfectly competitive market is where there are many firms in the industry producing homogeneous products. There is ease of entry and exit into and out of the market. They are price takers and earn normal profits in the long-run. In order to maximize profits, a firm in a perfectly competitive industry should produce an the quantity where its average cost is equal to marginal cost when AR = MR = D. In other words, when the AC and MC curves intersect with AR = MR = D curve.

<em><u>Please refer diagram</u></em>

The firm is currently producing at a point where AC > MC at quantity 1000. In order to reach AC = MC, the firm has to increase its quantity to Qe. As it increases quantity, although marginal cost increases, average cost falls because now fixed costs are spread over a larger quantity of output.

At Qe, the three curves intersect and is the point where this firm can maximize its revenue (Price = Pe). At a price higher than this, it would lose customers since there are many others producing the same product and customers can easily shift to another.

7 0
3 years ago
Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job within Saturday, she would p
VikaD [51]

Answer:

Unilateral contract

Explanation:

A unilateral contract is one which is agreed to based on the performance of one party.

Simply put, a unilateral contract in one in which there is agreement based on performance.

From the above question, the carpenters performance determines the contract. If he fixes the job within Saturday, he gets $1,000. If he doesn't finish within saturday, the carpenter doesn't get $1,000. The 'saturday' is the conditon for the payment of $1,000.

7 0
3 years ago
What does the phrase​ "internalizing an external​ cost" mean? A. prohibiting economic activities that create externalities B. fo
marin [14]

Answer:

B. forcing producers to factor into their production​ costs , the cost of the externalities created in the production of their output

Explanation:

" internalizing an external​ cost " -  

It is the process of shifting the cost or the burden from negative externality like the pollution , to inside .

And this process is achieved via paying taxes , the government subsidies , tolls etc .

Hence , the correct explanation for " internalizing an external​ cost " is ( b ) .

4 0
3 years ago
When considering an external environment with a high level of resources and low degree of uncertainty, managers are most likely
MakcuM [25]

Answer:

Managers are most likely to use detailed rules, SOPs( standard operating procedures), and restrictive norms to govern employees activities.

4 0
4 years ago
2. What are some of the reasons people don’t manage their money well for the future?
Alecsey [184]
<span> reasons people don’t manage their money well for the future is that most of the peoples income is less than their expenditurs.an other reason is that some people have no idea about money management</span>
4 0
4 years ago
Read 2 more answers
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