List and describe two reasons why estimates may need to be refined.
Fill in the blank(s) with the appropriate word(s).
Answer will vary
(1) Interaction costs are hidden in estimates; (2) Normal conditions do not apply; (3) Things go wrong on projects; (4) Changes occur in project scope and plans.
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Explain some ways in which the LMX dilemma can be prevented or resolved.
What will be an ideal response?
According to Axtell's research, U.S. persons have certain stereotypes of people of other nationalities. Which of the following stereotypes is INACCURATE?
a. The French are rude and chauvinistic. b. Asians are xenophobic. c. Italians are demonstrative and talkative. d. The English are friendly and informal.
Graphs can be used for any type of data – quantitative and qualitative.
a) True b) False
Upton evaluates future projects by using the profitability index. The company is currently reviewing five similar projects and must choose one of the following:ProjectInitial Investment Present Value of Cash Inflows1$100,000 $97,000 2 50,000 80,000 3 75,000 110,000 4 60,000 100,000 5 150,000 200,000 Which project should Upton select if the decision is based entirely on the profitability index?
A. Project 3. B. Project 2. C. Project 5. D. Project 4. E. Project 1.