Briefly discuss the importance of the project charter, and compare the roles played by the project sponsor and the project manager with respect to the preparation of this document
Key concepts to be covered in the response could include, but are not limited to:
The project charter serves as an informal contract between the project team and the sponsor.
The signing of the charter by the project sponsor serves as the transition of the project from the high level initiation stage into the more detailed planning stage.
The project sponsor is often a busy executive. Although the sponsor signs the final draft of the project charter, typically the project team prepares the rough draft of this document.
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Under the periodic inventory system, cost of goods sold is treated as an account
Indicate whether the statement is true or false
________ restricts the information that the U.S. federal government can collect about an individual and regulates what it can do with the information
A) The Privacy Act of 1974 B) The Gramm-Leach-Bliley Act of 1999 C) The Freedom of Information Act D) The FIP set of principles E) COPPA
Which of the following items is a temporary difference between tax income and financial accounting income?
A) production activities deduction B) proceeds on life insurance on a key executive C) dividends-received deduction D) depreciation
Schlarbaum Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: DaysWait time3.7Inspection time0.2Process time1.3Move time0.8Queue time6.9Required:a. Compute the throughput time.b. Compute the manufacturing cycle efficiency (MCE).c. What percentage of the production time is spent in non-value-added activities?d. Compute the delivery cycle time.
What will be an ideal response?