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iren [92.7K]
3 years ago
15

Although it is extremely difficult to make accurate forecasts of the revenues that a project will generate, projects' initial ou

tlays and subsequent costs can be forecasted with great accuracy. This is especially true for large product development projects. a. True b. False
Business
1 answer:
qaws [65]3 years ago
8 0

Answer: False

Explanation:

Forecasting Costs and Initial outlays are generally just as hard to predict as Revenue Forecasts. The future is hard to predict and does not differentiate between Costs and Revenues and in the case of Larger Projects, it is EVEN HARDER to forecast costs as their costs could widely deviate from initial estimates once they begin.

Take for example large scale government projects with the Berlin Brandenburg airport being a shinning example. It was supposed to open in 2012 but has still not opened till today and is billions of Euros off the initial cost projection.

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Bob and his sister Betty are co-owners of their late parents' business. Bob actively manages the business; Betty supplies capita
mihalych1998 [28]

Answer: Parasite, predator

Explanation:

Managing businesses isn't an easy task despite it might be going well. On managing business, certain agreement has to be reached such as who finances , manages, and how interests are shared, when all these are well spelled out there would be no room for the other party to feel cheated while the other feels same way too. Betty and her brother feel cheated about each other's input regarding their business because they probably didn't spell out how the business operations would be run, they'll need to sort this out so they don't see each other so again.

6 0
3 years ago
Which statement best describes a Schumer box?
posledela

Answer:

The correct answer is letter "D": A standardized way of presenting the key terms of your credit card agreement.

Explanation:

Named after Senator Charles Schumer (born in 1950), the Schumer box is part of the disclosure information financial institutions must provide to debtors so they can be aware of what is the interest and fees subject to the use of credit cards. It is a box mostly present in credit card statements but must be included in any credit card solicitation.

3 0
3 years ago
Assessment
Sunny_sXe [5.5K]

This should NOT be considered when  setting a current budget

Future income

Explanation:

Future income can be anticipated but never factored in.

This is because the economy is not only controlled by economic policy or statistics that anticipate growth but outside influences too.

For example, despite the productive growth in the recent time there will be decrease in incomes throughout the world this year.

This is because of the recent crisis that was not foreseen at all.

Thus policy making must not see the future as anything granted and must only set up goals for the present and only anticipate what would probably come in the future.

4 0
4 years ago
A school band performs a spring concert for a crowd of 600 people. the revenue for the concert is $3150. there are 150 more adul
Alla [95]
In this item, we let the number of tickets sold to the adults as x. With this, we can let the number of tickets sold to students with y. 

In this item, we are given that the sum of the number of students and adults is equal to 600. Further, we are also given that the difference is 150. The system of linear equation that would allow us to solve this item is,

               x + y = 600
               x - y = 150

Adding up the two equations will give us,
              2x = 750
Dividing by 2,
              x = 375

Substituting this value to the first equation,
          375 + y = 600
                 y = 225

Therefore, there are 375 and 225 number of tickets sold to adults and students, respectively. 
4 0
4 years ago
A firm's financial statements are generally assumed to include its income statement and balance sheet. Which of the following pi
stellarik [79]

Answer: Liabilities

Explanation: The Balance sheet which is also known as the statement of financial position represent or shows an entity financial position at a single point in time. That is, it shows the Owners equity(capital), Liabilities and Assets of a firm for a financial period, usually a year.

On the other hand, the income statement shows and entity profitability over a period of time

5 0
3 years ago
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