What are hammock activities and when should they be used?
What will be an ideal response?
Hammock activities can be used as summaries for some subsets of the activities identified in the overall project network. The hammock is named so because it hangs below the network path for tasks it is summarizing and serves as an aggregation for the activities it rolls up. Hammocks allow the project team to better disaggregate the overall project network into logical summaries. The process is helpful when the project network is extremely complex or consists of a large number of individual activities. It is also useful when the project budget if actually shared among a number of cost centers or departments. Hammocking the activities that are assignable to each cost center makes the job of cost accounting for the project easier.
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A social entrepreneur is:
A. Someone who is always aware of and plays by the "rules." B. Someone who takes risks by seeking to solve seemingly intractable problems by applying business principles. C. Someone who carefully plots and plans before making a move. D. Someone who looks first at credentials and then considers an applicant's future capacity to deliver. E. Someone who travels a lot, is a "do gooder," and wants to solve entrenched environmental problems.
Describe the difference between a savings plan and a retirement plan. Give at least three examples of each.
What will be an ideal response?
The process of obtaining present values is known as discounting
Indicate whether the statement is true or false.
Which of the following is NOT a strategy for managing or reducing debt?
A) Use a debit card instead of cash. B) Transfer high interest credit card balances to lower interest accounts. C) Pay more than the minimum payment on credit cards. D) Pay off credit cards with the highest interest rates first.