Discuss the elements of a problem that should be considered in determining its significance.
What will be an ideal response?
Determining problem significance involves consideration of three issues: urgency, impact, and growth tendency. Urgency relates to time. How critical is the time pressure? Putting out a fire in the office is more urgent than fixing a stalled elevator. The potential for stopgap measures also impacts urgency. For example, if people in the stalled elevator can be released before the elevator is repaired, that reduces the urgency of making repairs. Impact describes the seriousness of the problem's effects. Effects may be on people, sales, equipment, profitability, public image, or any number of other organizational resources. Growth tendency addresses future considerations. Even though a problem may currently be of low urgency and have little impact, if allowed to go unattended it may grow. The decision to cut back on routine preventive maintenance of plant equipment as a cost-cutting measure may not create a significant problem immediately. Over time, however, major difficulties may arise.
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Optimism is a key to leadership because it gives followers a sense of ______.
a. positivity b. hope c. grit d. love
Which of the following statements regarding Company A is incorrect?
A. If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, once it has covered its fixed costs, net income will increase by $30 for each additional unit sold. B. Both if Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its break-even point in units is 36,000 units and if Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its variable expenses must be $20 per unit are incorrect. C. If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its break-even point in units is 36,000 units. D. If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its variable expenses must be $20 per unit.
Which of these scope statement steps creates the all-important bureaucracy for a project?
A) The management plan B) The work breakdown structure C) The scope baseline D) The project goal criteria
Equitable remedies are available any time the plaintiff chooses them over money damages
Indicate whether the statement is true or false