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iogann1982 [59]
3 years ago
12

To maintain balance in a project with a fixed budget and a well-defined scope, a project team will require flexibility _________

___. a. with the deadline b. in spending c. with project quality d. with assumed risks e. in achieving the goals of the business case
Business
1 answer:
KiRa [710]3 years ago
7 0

Answer:

a. with the deadline

Explanation:

When a project has a fixed budget, it cannot move its expenditure as that shall be fixed, for fixed as well as variable cost, in total no increase in expenditure.

In no terms the project will be successful if it does not meet the quality, thus the quality standards shall not be adjusted.

The risks associated with the project can not be altered.

The goals of business shall not be altered for small projects as generally the goals are long term in nature.

Therefore, correct option is

a. with the deadline

As the deadline can be altered or revised a little to meet the expectations.

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An effective price ceiling is imposed in a market. This leads to the development of an illegal black market for the product. How
horsena [70]

Answer:

The price on the black market tends to be higher.

Explanation:

When price ceilings are placed in legal markets, buyers are able to get goods and services at lower prices. But sellers may not be willing to sell unlimited supply of goods at the low price. This could lead to artificial scarcity, and formation of black markets.

The main aim of black markets is for suppliers to maximise profits, so a supplier is able to sell his goods at an amount above the price ceiling set in the legal market.

Also black markets are characterised by practices such as tax evasion, which are beneficial to the suppliers.

6 0
3 years ago
Lenovo, HP, Dell, Acer Group, and Apple dominate 70% of the world market for personal computers). Smaller competitors survive by
Over [174]

Answer:

Oligopoly

Explanation:

Oligopoly is simply defined as the situation in which more than two firms own/control the largest market share, while other smaller firms contend for the remaining share of the market.

For better understanding;

  • Monopoly: one firm owning/controlling the largest market share.
  • Duopoly: two firms own/control the largest market share.
  • Oligopoly: more than two firms own/control the largest market share.

In this type of competition (Oligopoly), the smaller firms survive by offering unique features in their products and services while some offer cheaper prices for their products and services.

4 0
3 years ago
The act of giving up one thing of value to gain another thing of value is called a/an
Vedmedyk [2.9K]

Answer:

Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.

Explanation:

5 0
2 years ago
Read 2 more answers
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,300 Advertising e
Misha Larkins [42]

Answer and Explanation:

The computation is shown below

a. The cost of goods manufactured is

Materials used in product $130,300

Labor costs of assembly-line workers 116,100

Depreciation on plant 62,500

Property taxes on plant 24,300

Factory supplies used 34,000

Work in process inventory at January 1 $14,400

Less: Work in process inventory at december 1 -$17,600

Cost of goods manufactured $364,000

b. The cost of goods sold is

= Opening finished goods + cost of goods manufactured - ending finished goods

= $61,100 + $364,000 - $48,500

= $376,600

8 0
3 years ago
Jim is in the market for a car that will last for the next 10 years and has saved up some Miami for the purpose of a car .whats
Sergeeva-Olga [200]
Buy the car if it is good quality... or if he has enough money
7 0
2 years ago
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