Answer:
<em><u>The correct answer is:</u></em> traditional project management methods being applied to high uncertainty projects
Explanation:
Scope creep are common in projects, but they can raise concerns because they mean increased time and expense.
Scope increase may occur when there is a mismatch between traditional project management methods being applied to projects of high uncertainty.
This mismatch can mean that the control is inflexible and being a project of high uncertainty, it is quite possible that there will be changes during the project that include other processes and ways to achieve the expected objective.
This situation can cause frustration among stakeholders and waste of time and money, which can be avoided with more effective control and greater clarity about the project's objectives.
Answer:
a. Accounting profit for the business = $3,500
b. Economic loss = $1,000
c. The two friends can open the business and incur economic loss of $1,000 in the first year of operation. In subsequent years, the revenue may increase to generate better economic profit. This is the labor, risk, and reward of entrepreneurship.
d. If the two friends do not go ahead with the business because of the economic loss they suffer in the first year of operation, then they cannot be regarded as entrepreneurs. They are merely laborers who cannot assume any risk for greater rewards tomorrow.
Explanation:
Cost of business per month:
Operating expenses = $4,000
Lease of building = 2,000
Total expenses = $6,000
Revenue = $10,000
Accounting profit $4,000
Economic profit:
Revenue = $10,000
Total expenses = $6,000
Opportunity costs:
Lost salaries 4,500
Lost Interest 500
Total costs $11,000
Economic loss = $1,000
A skilled servant.
Have a great day! :D
I believe the process is called equivocation
equivocation refers to the usage of meaningless/ambigous language in order to conceal a certain truth.
The meaningless language/redundancy in this particular case served as an action to stray the audience away from the core content of the information.
White-collar<span> work is performed in an office, cubicle, or other administrative setting. </span>blue-collar workers<span>, whose job requires manual labors </span>
