<span>The correct answer is organizational objectives</span>
<span>Organizational objectives are the
targets toward which the open management system is directed. </span>
Organizational objectives are derived from the
organization’s Mission and Vision. An organization that is
accomplishing its objectives, is also simultaneously
accomplishing its purpose and thereby justifying its reason for existence(mission)
Answer:
1. Apart from helping to know the average cost of a product, analyzing fixed and variable cost will help to derive the break even point.
2. Profit will go down
Explanation:
1. The size of the selling price and the variable cost determine contribution per unit of a product. Contribution per unit is Price minus variable cost. This shows the contribution of sales revenue towards covering the fixed cost of a product.
2. Relevant range is the estimated or budgeted activity level which defines a business volume of production or operation, it is both maximum and minimum threshold within which the entity must operate to expect certain level of cost and revenue.
Sometimes fixed costs are fixed within a relevant range of activities and outside such range, fixed cost may become variable, which will all things being equal impact negatively on the price.
Also, within relevant range volume discount may be achieved and outside such range, this may be forfeited which, will also reduce profit all things being equal.
Answer: (D) Initiating
Explanation:
The Initiating processes is one of the phase in the project management life cycle that is necessary for defining the existing project's main objective, success criteria and also the outcome.
The initiating processes helps in providing the effective information or data that is necessary for the developing the project. It is also refers top the process for obtaining the authorization for the given project.
According to the given question, the initiating processes recognizing all the existing projects and also complete all the project charter as part of recognition process.
Therefore, Option (D) is correct answer.
