The project management institute initially published the Organizational Project Management Maturity Model (OPM3).
<h3>What is management?</h3>
Management refers to the group of people working together in order to achieve the common goals of the organization. It involves certain activities such as planning, organizing, directing, staffing, commanding and controlling.
Organizational Project Management Maturity model, which implies that procedures centered on a single discipline. The five-step approach covers fundamental to advanced procedures.
It bridges the gap between the organizational strategy and successful projects.
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Answer: The correct answer is "D. All of these.".
Explanation: All statements are evidence that indicates the existence of good strategic leadership.
If the company has a strong strategy and a good business model as a result, it will meet its objectives.
If a previously proposed strategy is being fully implemented, it shows that there is good strategic leadership.
Answer:
The balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet is $18.2 million and $27.8 million respectively
Explanation:
The computation is shown below:
Given that
Debt = 50% × Total Assets
= 50% × $96.4 million
= $48.20 million
As we know that
Total Debt = Current Liabilities + Long Term Debt
$48.20 million = $ 30.0 million + Long Term Debt
So, the long term debt is $18.2 million
Now,
Total Assets = Total Liabilities + Owner's Equity
where,
Total Assets = Long Term Debt + Current Liabilities + Common Stock and paid-in surplus + Retained Earnings
$96.4 million = $18.2 million + $30.0 million + $20.4 million + retained earnings
So, the retained earnings is $27.8 million
Answer:
$6.91 per direct labor hour
Explanation:
Given that,
Estimated direct labor = $2,640,000
Estimated direct labor hours = 220,000
Factory overhead = $1,520,000
Actual overhead costs = $1,220,000
Therefore,
Predetermined overhead rate:
= Estimated overhead cost ÷ Estimated direct labor hours
= $1,520,000 ÷ 220,000 hours
= $6.91 per direct labor hour
