The proposal phase within the phase gate review answers the fundamental question: "Is the project a good idea and does it solve a business problem or issue?"
Answer the following statement true (T) or false (F)
True
The first phase is the proposal phase which answers a fundamental question: "Is the project a good idea and does it solve a business problem or issue?"
You might also like to view...
A nation's culture is
A. the shared set of beliefs, values, knowledge, and patterns of behavior common to its people. B. synonymous with its religious beliefs. C. a shared set of business traditions common to the nation. D. its constitution and written codes of behavior. E. the laws that are accepted as moral imperatives by most of the citizens.
IRS regulations govern the:
A. computation of net income for the SEC. B. computation of net income for tax purposes. C. computation of net income for GAAP. D. computation of gross profit for GAAP.
SCENARIO-BASED QUESTIONS ?Email Request To Employees ? Revise the following paragraph from an email message to employees. Focus on the voice, appropriate sentence length, and word selection to make the passage effective. ? With the approach of the
end of this fiscal year, it has been recommended by our accountant that the monies allocated in the budget to capital equipment be used as soon as it is expedient. Therefore, as has been our practice in the past, we are requesting that each of you compile a comprehensive detailed list outlining your requests for new equipment that you may have put on the back burner, so to speak. It would be appreciated if you could provide this information to me by the first of next month so that I can begin to process all orders prior to the expiration of the fiscal year. It is anticipated that a multitude of requests will be simultaneously submitted by department heads; it is highly probable that requests for equipment will be processed in the order received and delayed requests may not be funded. I sincerely appreciate your cooperation in our efforts to upgrade some of our capital equipment.
Tremble Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$94Fixed costs per year: Direct labor$539,000Fixed manufacturing overhead$3,675,000Fixed selling and administrative expenses$1,350,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 49,000 units and sold 45,000 units. The company's only product is sold for $233 per unit.Assume that the company uses an absorption costing system that assigns $11 of direct labor cost and $75 of fixed manufacturing overhead to each unit that is produced. The net operating income under this costing
system is: A. $735,000 B. $691,000 C. $315,000 D. $1,035,000