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balandron [24]
3 years ago
9

The written statements that define the extent and quality of work to be done are called the ?

Business
1 answer:
Tresset [83]3 years ago
8 0

Answer:

Specifications.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

In project management, the written statements that define the extent and quality of work to be done are called the specifications.

Basically, the specifications of a project or manufacturing process outlines the minimum requirements and quality that are acceptable. Thus, it must be adhered to strictly in order to achieve a successful and desired outcome.

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Why do some companies use travel agents to set up their travel arrangements?
Sergio [31]
It is more convenient to use travel agents to set up their travel arrangements due to busy and conflicting schedules of business people. Agents will also do everything for you to meet your travel needs. Travel agents know more than you do. They also have access to benefits you can't get otherwise. After you planned everything, they provide a safety net for your trip that you wont simply won't get by booking yourself or buying insurance.
5 0
4 years ago
Let’s suppose you would like to buy a home for $250,000. But like most U.S. citizens, you don’t have enough cash on hand to pay
noname [10]

Answer:

1. Calculate the monthly payment for a 30-year mortgage loan.

we can do this by using the present value of an annuity formula

the loan's interest rate is missing, so I looked for a similar question and found that it is 6%

present value = monthly payment x annuity factor

monthly payment = present value / annuity factor

  • present value = $200,000 (loan's principal)
  • PV annuity factor, 0.5%, 360 periods = 166.79161

monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>

2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.

total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>

8 0
3 years ago
P5-18 Calculating deposit needed. You put $10,000 in an account earning 5%. After 3 years, you make another deposit into the sam
goblinko [34]

Answer:

$4877.80

Explanation:

The computation of amount of the deposit at the end of year 3 is shown below:-

Future value = Present value × (1 + Rate of interest ÷ 100)^number of years

$20,000 = 10,000 × (1 + 5 ÷ 100)^7 + Deposit at end of year 3 × (1 + 5 ÷ 100)^4

$20,000 = 10,000 × (1.05)^7 + Deposit at end of year 3 × (1.05)^4

$20,000 = 14071.00423  + Deposit at end of year 3 × (1.05)^4

Deposit at end of year 3 = ($20,000 - 14071.00423 ) ÷ (1.05)^4

= $5928.995773  ÷ 1.21550625

= $4877.799496

or

= $4,877.80

We simply applied the above formula to find out the amount of deposit at the year 3 end

3 0
3 years ago
A bond par value is $1,000 and the coupon rate is 4.3 percent. The bond price was $945.46 at the beginning of the year and $976.
Snezhnost [94]

Answer:

The bond's real return for the year was 5.49%

Explanation:

In order to calculate the bond's real return for the year we would have to calculate the following formula:

bond's real return for the year=(1+Nominal rate of return)/(1+Inflation) -1

According to the given data Inflation=2.2 percent

To calculate the Nominal rate of return we would have to calculate the following:

Nominal rate of return=(Selling price + Interest coupon - Purchase price)/Purchase price

According to the given data:

Selling price=$976.26

Interest coupon=$43

Purchase price=$945.46

Therefore, Nominal rate of return=($976.26 + $43 - $945.46)/ $945.46

Nominal rate of return=7.81%

Therefore, bond's real return for the year= (1+7.81%)/(1+2.2%) -1

bond's real return for the year=5.49%

The bond's real return for the year was 5.49%

6 0
3 years ago
Flag In a study, the researcher tries to use sugar intake to predict an individual’s weight. However, when the researcher adds a
saw5 [17]

Answer:

Explanation:

Vấn đề sử dụng nước sạch ở trường đại học, thực trạng và giải pháp

8 0
3 years ago
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