Answer:
Excluded when calculating GDP because they do not reflect current production.
Explanation:
Transfer payments such as medicare, social security, medicaid, unemployment benefits, and other welfare programs are not calculated in GDP because they do not represent government purchases of goods and services, or in other words, they do not reflect goods and services currently produced and purchased.
They are instead, resources that the government takes either in the form of taxes, debt, or money supply, and allocates, or transfers, to specific recipients.
Answer: (A) Developing alternative
Explanation:
The rational decision is one of the type of model that helps in providing the various types of advantages and also reducing the overall structural cost by making the choices from the given alternatives.
The economical theory is one of the idea behind the rational concept and developing the alternatives is one of the important step of this model.
According to the given question, Moises is basically using the main step in the rational decision making model that is developing the alternatives as it providing the expertise tool and the knowledge.
Therefore, Option (A) is correct answer.
Answer:
The overhead application rate is 1.8
Explanation:
In the question both the estimated and actual overhead cost , material and labor cost are provided -
ESTIMATED ACTUAL
Overhead cost $396,000 $418,000
Material cost $410,000 $413,200
Direct cost $220,000 $224,000
Overhead application rate can be calculated by dividing the total budgeted overhead cost by direct labor cost.
= Budgeted overhead cost / direct labor cost
= $396,000 / $220,000
= 1.8
A project plan describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project. The correct option of this question is c i.e. project plan.
A project plan is formal documentation that defines the stages of the project and its execution. This includes the business need, the resources required and their justification and optimized application and the extents of the project. Project planning is done by the project managers and project planning softwares is used for this purpose. It is the who, how, what, why, where and when of a project.
<u>The other options are incorrect because:</u>
- Project scope is a part of a project plan and it determines what the extents, limits and boundaries of the project are.
- Project management is the use of specific tools and expertise to ensure the successful completion of a project.
- Project manager is the individual who plans, organizes and executes projects.
You can learn more about project plan at
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