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Ymorist [56]
3 years ago
14

Mary sets a target for the project budget during the planning phase. While executing the project, she checks to make sure she is

within budget. Mary determines that she needs to refine the scope of the project and change her timeline and costs for the project activities. Mary is using which tool to manage the cost of this project?
Business
1 answer:
TiliK225 [7]3 years ago
4 0

The correct answer is; Vendor bid analysis.

Further Explanation:

Mary is taking advantage of using the vendor bid analysis to help with her project changes. This is commonly used by project managers and planners to get an estimated cost of the project. This is used by considering the costs of several things such as;

  • quotes
  • bids
  • proposals
  • receipts

When there are numerous suppliers for a project such as a wedding it is imperative to use the vendor bid analysis. This can save time and thousands of dollars. When evaluating the products or the services from people, some things to check for are;

  • previous reviews
  • quality needs
  • checking past references
  • deadlines have been met in past or can be guaranteed

Learn more about vendor bids at brainly.com/question/10871478

#LearnwithBrainly

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To better understand the needs of prospective customers, marketers use ______.
Slav-nsk [51]

To  better understand the needs of prospective customers, marketers use market  research.

<h3>What is marketing research?</h3>

Marketing research can be defined to be the business aspect that involves a business trying to find out the needs of the target market.

The business would like to gather all the necessary information that they would need for their target customers in order to better meet their needs.

Read more on Market research here:

brainly.com/question/24906199

6 0
2 years ago
Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does n
Karo-lina-s [1.5K]

Answer:

The correct answer is letter "D": if all else fails, slow the spread of bad practice.

Explanation:

Evidence-based management is a critically thought-provoking approach to decision making. This practice has the following principles: treat your organization as an unfinished prototype; <em>no brag, just facts; see yourself and your organization as outsiders do; evidence‐based management is not just for senior executives; like everything else, you still need to sell evidenced‐based management; if all else fails, slow the spread of bad practices; and questioning what happens when people fail? </em>

In front of a problematic situation, the "if all else fails, slow the spread of bad practices" is used when the consequence of an action is likely to be negative, but usually represents an order in the relationship of a principal-agent. The agent then carries out the necessary procedure as slowly as possible to prevent an unexpected reaction.

5 0
4 years ago
Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet
Andre45 [30]

Answer and Explanation:

for Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet been billed for those services:

accounts receivable is debited and service revenue is credited for $23,500 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.

for Interest Receivable. At year-end, the company has earned, but not yet recorded, $570 of interest earned from its investments in government bonds:

interest receivable is debited and interest income is credited for $570 because the company has earned interest and so interest is income for the company and so interest income is credited for increase in revenue. The interest is yet to be received by the company and therefore interest receivable being asset is debited for increase in balance.

for Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,660 of work.:

accounts receivable is debited and service revenue is credited for $1,660 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.

6 0
3 years ago
A local bagel shop produces two products: bagels (B) and croissants (C). Each bagel requires 6 ounces of flour, 1 gram of yeast,
irakobra [83]

Answer:

Consider the following calculations

Explanation:

Let X be Bagels and Y be croissants

Profit:

20X+30Y

Subject:

6X+3Y<=6600

1X+1Y<=1400

2X+4Y<=4800

Critical points are

(0,1400) , (800,600) , (1100,0)

So

Max at 0,1400 and P =4200

5 0
4 years ago
Foreign Direct Investment means:________a. buying or creating facilities in another country for producing in local markets. b. b
nataly862011 [7]

Answer:

a. buying or creating facilities in another country for producing in local markets.

Explanation:

Foreign direct investments refer to establishments or acquisition of a business in a foreign country. The individual or firm involved in foreign direct investment is a citizen of a local country but starts a  business in a different country.  

Foreign direct investments are different from portfolio investments. In Portfolio investment, the investor buys securities in a foreign market, but foreign direct investment involves setting up a business or purchasing one in another country.

3 0
3 years ago
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