The project manager will outline how to transfer the deliverables in operational status and formally close the project at the phase 3 meeting. So, the correct option choice for this question would be option (b).
<h3>Write a short note on project management.</h3>
Project management may be regarded as the process of overseeing a team's activity to complete all project objectives within the established parameters. Usually, explanations of this information are included in the project documentation that is created at the beginning of the development process. Scope, budget and time are the three basic constraints. The other issue is how to best distribute the required inputs while still using them to accomplish predetermined objectives.
To deliver a finished product that satisfies the client's needs is the aim of project management. Modifying the client's brief to better effectively accomplish the client's aims is typically the goal of project management. Once the client's objectives are known, they should direct all other project members' decisions.
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Answer:
For now, it is better to keep producing in house. If demand increases, Pottery Ranch must outsource some of the production.
Explanation:
Giving the following information:
The variable manufacturing overhead is charged to production at a rate of 63% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $3.51 and $4.73, respectively. Normal production is 28,300 curtain rods per year.
A supplier offers to make a pair of finials for $13.20 per unit.
Fixed costs are a sunk cost, therefore it is not taken into account.
Make in house:
Unitary cost= 3.51 + 4.73 + (4.73*0.63)= $11,22
Outsource:
Unitary cost= 13.20
For now, it is better to keep producing in house. If demand increases, Pottery Ranch must outsource some of the production.
Answer: The three main types of unemployment are cyclical, frictional and structural unemployment. B
Explanation:
B. Cyclical and frictional are both related as they tend to cause more hardship because of its severity.
Answer:
The entity is in its growth stage of its life cycle.
Explanation:
There are typically four stages in the life cycle of a business, the following list is arranged from when the company is new to when it starts falling:
1. Introduction Stage
2. Growth Stage
3. Maturity Stage
4. Decline Stage.
Answer:
EMBG Corporation
Balance Sheet
For year ending December 31, 2016
Assets: $376,000
- Cash $44,000
- Accounts receivable $28,000
- Equipment, net $304,000
Liabilities
Equity
- Common stock $130,000
- Retained earnings $186,000
Total liabilities + equity $376,000
net income = $326,000 - $44,000 - $116,000 - $42,000 = $124,000
retained earnings = previous balance + net income = $62,000 + $124,000 = $186,000
