When developing a transition plan, the project team should work with managers in affected operating departments, and the contents of the plan should be tailored to fit the support needs of the project
<u>Explanation:</u>
A Transition Plan is practiced to handle the transformation from a current organizational state to a new state. The transition plan recognizes the team qualified for a prosperous transition, the tools, and the methodologies needed. It also involves contingency preparation and risk reduction.
An impression statement is formed in the plan that sketches the potential consequence of the transition to the current infrastructure, services and support team, and the users. Adequate knowledge transfer is important for the stable transition from implementation to sustaining.
I think the business practices is simply dangerous.
Time safari brings their customers to travels throughout time to the period when dinosaurs still exist and provide hunting exppeditions there.
This expose the business to many potential hazard/lawsuit and not an appropriate business idea even if it's possible in our time.
Answer:
c. update the static planning budget to reflect the actual level of activity for the period
Explanation:
A flexible budget is a financial plan of expenses and revenues based on the actual level of output. A flexible budget adapts to changes in prices and company needs. Because the budget varies with the market condition, it is called a variable cost.
Due to their variable nature, flexible budgets are used to update the static estimates at the end of a period. The company compares the actual result in the flexible budget with that of a static budget. The management uses a flexible budget to evaluate the business performance for the period. Specific areas of success and failures are highlighted. Decisions on areas that need improvement can then be made.
Answer:
b. The production decisions of a pharmaceutical firm
Explanation:
The production decisions of a pharmaceutical firm is an aspect of microeconomics.
Macroeconomics is a branch of economics that studies the economy
Microeconomics is a branch of economics that studies individuals, firms and households.
I hope my answer helps you
Answer:
There is an opportunity cost to going to the movie and he should leave the movie.
Explanation:
Yes, there is an opportunity cost involved when the person goes for the movie. The opportunity cost will the work that he can do instead of going to the movie. For instance, if the person has the option to study or to watch a movie and he chooses the movie then the opportunity cost is the study. Moreover, he should leave the movie because it is terrible and if he does other work by leaving the movie then he will be benefited because the opportunity cost of doing other work will be lower.