Wealth is valuable possessions so you can be wealthy and have no income, the person would just own many valuable items such as houses, cars, or artifacts.
Answer:
Option B is correct
Explanation:
Selection criteria for scoring models may not be negotiated between a client and a contractor.
Answer: 51000 units
Explanation:
The equivalent units of production during May for direct materials if the FIFO method is used will be calculated thus:
Units completed and transferred out = 44,000 Units
Less: Beginning work in process inventory = 2,000
Balance = 42000
Then, the Equivalent units of materials will be:
Balance = 42000
Add: Units in ending work in process inventory = 9,000
Equivalent units of materials = 51,000 units
The project's procurement cycle (plan, conduct and control) according to the PMBOK Guide has as its central objective that external procurement for the execution of the project effectively meets your needs.
<h3>Planning</h3>
Planning corresponds to the stage where the purchasing requirements for the project are identified. A working document is developed with a detailed and specific request for proposal and invitation to bid.
It is in the planning phase where potential suppliers and vendors for hiring are identified.
<h3>Conduction</h3>
During the conduction phase, the acquisition agreements are signed and a plan for project management is carried out, with information regarding the cost, budget and schedule of the chosen supplier.
<h3>Control</h3>
In the control phase, it is up to the project manager to review the agreements, monitor the flow of work, progress and team performance to meet the budget and schedule.
Find out more information about procurement cycle here:
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