Answer the following statements true (T) or false (F)
1. Cancellation is a stage of a project’s life cycle.
2. Government regulations and guidelines influencing the project is a detail usually included in a project’s statement of work.
3. The work package is part of the work breakdown structure.
4. One of the questions a company is likely to ask in assessing project risk is who will be held responsible in case of project failure.
1. False
2. False
3. True
4. False
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The static budget, at the beginning of the month, for Vintage Wine Company follows:
Static budget: Sales volume: 2000 units; Sales price: $50.00 per unit Variable costs: $13.00 per unit; Fixed costs: $25,500 per month Operating income: $48,500 Actual results, at the end of the month, follows: Actual results: Sales volume: 1900 units; Sales price: $58.50 per unit Variable costs: $16.00 per unit; Fixed costs: $34,300 per month Operating income: $46,450 Calculate the flexible budget variance for variable costs. A) $30,400 U B) $1650 U C) $5700 U D) $24,700 F
Football teams toss a coin to see who will get their choice of kicking or receiving to begin a game. The probability that given team will win the toss three games in a row is 0.125.
Answer the following statement true (T) or false (F)
The National Labor Relations Board (NLRB) has ruled that Boulwarism is not good-faith bargaining.
Answer the following statement true (T) or false (F)
What is the economic order quantity (EOQ) for resin?
The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four (4) days. Assume 365 days in a year. A) 50 kilograms B) 100 kilograms C) 200 kilograms D) 500 kilograms