If the organization decides to use external resources (a contractor) to perform the project, the organization will prepare a document called __________ that defines the project requirements.
a. baseline plan
b. a request for proposal
c. a project scope document
d. project technical specifications
Answer: c. a project scope document
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When a board is operating in the fiduciary mode, it is concerned with the ______.
A. implementation of new programs B. stewardship of the organization’s assets C. achievement of the organization’s long-term goals D. evaluating the chief executive officer’s performance
The actual hamburger is included in which category of making a hamburger?
A. Input B. Output C. Process D. All of these
Power Company sells merchandise with a one year warranty. In 2009, sales consisted of 1,600 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2009 and 70% in 2010. In the 2009 income statement, Power should show warranty expense of
A) $4,800 B) $11,200 C) $16,000 D) $0
Describe requests for information in the context of routine requests