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Aleks [24]
3 years ago
12

The project scope statement should reference supporting documents, such as product specifications that will affect what products

are produced or purchased, or corporate policies, which might affect how products or services are produced. True False
Business
1 answer:
marta [7]3 years ago
6 0

Answer:

true

Explanation:

A project scope or project scope statement can be defined as a tool for describing the expectations of a project. These expectations include the product specification, the type of products to be produced, what is needed to produce the product, corporate policies, etc.

The project scope statement helps the firm/organization to understand the entirety of the project/product to be undergone/produced.

A project scope statement also shows the limitations or boundaries surrounding the project as well as what possibilities are available within and outside the scope.

cheers.

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The term _____ refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.
lilavasa [31]

The term Social responsibility refers to a business's obligation to

maximize its positive impact and minimize its negative impact on society.

<h3>What is the role of social responsibility in Business?</h3>

  • Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner benefiting society, not just the bottom line.
  • Social responsibility has become increasingly important to investors and consumers who seek investments that not only are profitable but also contribute to the welfare of society and the environment.
  • While critics have traditionally argued that the basic nature of business does not consider society as a stakeholder, younger generations are embracing social responsibility and driving change.

<h3>Extra keywords for social responsibility:</h3>
  • Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society.
  • Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
  • Companies can act responsibly in many ways, such as by promoting volunteering, making changes that benefit the environment, engaging in ethical labor practices, and engaging in charitable giving.
  • Consumers are more actively looking to buy goods and services from socially responsible companies, hence impacting their profitability.
  • Critics assert that practicing social responsibility is the opposite of why businesses exist.

To learn more about Social responsibility, refer

to brainly.com/question/25922327

#SPJ4

6 0
2 years ago
Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 30% of the next month's sales.
DIA [1.3K]

Answer:

Production June= 288,000 units

Explanation:

Giving the following information:

Desired ending inventory= 30% of next month's sale.

Beginning inventory= 85,500 units

Sales:

June= 285,000 units

July= 295,000 units

To calculate the production required for June, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 285,000 + (295,000*0.3) - 85,500

Production= 288,000 units

6 0
4 years ago
A perfectly competitive firm, with MC=q operates in a market character,zed by the following market demand and supply conditions:
PolarNik [594]

Answer:

Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.

6 0
3 years ago
Mauro Products distributes a single product, a woven basket whose selling price is $21 per unit and whose variable expense is $1
Grace [21]

Answer:

1. Break even points in units will be =  2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

Explanation:

Break even point = \frac{Fixed Cost}{Contribution per unit}

Fixed Cost = $8,100

Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3

1. Break even points in units will be

= \frac{8,100}{3} = 2,700 units.

2. Break-even point in dollar sales

= Break even point in units X Sale price per unit

= 2,700 units X $21 = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales

= \frac{8,100 + 600}{3} = 2,900 units

Final Answer

1. Break even points in units will be =  2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

3 0
4 years ago
Sub Sandwiches of America made the following expenditures related to its restaurant.
galina1969 [7]

Answer:

1. Heating Equipment

2. Premises

3. Maintenance Expense

4. Prepaid Insurance

5. Intangible Asset ; Logo

6. Premises

Explanation:

1. Replacement of heating equipment is substantial hence it is capitalized to the Heating Equipment Account.

2. The project is capitalized to the Premises Account as it form part of premises.

3. Annual Building maintenance is a revenue expenditure not capitalized.

4. An Asset Insurance Prepaid for future economic benefits to be realized is recognized.

5. The new sign would result in inflow of economic benefit and is non-tangible hence Intangible Asset is recognized.

6. Work done is capitalized in the Premises Account

3 0
3 years ago
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