What is meant by the statement, "successful project management is contextual"?
What will be an ideal response?
The author indicates that the organization itself really matters—its culture, its structure, and its strategy each play an integral part, and together they create the environment in which a project will flourish or founder. Contextual issues provide the backdrop around which project activities must operate, so understanding what is beneath these issues truly contributes to understanding how to manage projects.
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Do sex-related ads work?
A) Overall, the use of a strong sexual appeal is not very well received. B) Strong sexual appeals consistently outperform all other types of appeal. C) Sexual images are most effective when they attempt to "trick" the consumer into paying attention. D) There is no data to answer the question.
Which statement is not true when deciding on whether to use balanced or unbalanced scales when developing a non-comparative itemized rating scale?
A) The scale should be balanced to obtain objective data. B) In a balanced scale, the number of favorable and unfavorable categories are equal. C) If the distribution of responses is likely to be skewed, either positively or negatively, a balanced scale with more categories in the direction of skewness may be appropriate. D) If an unbalanced scale is used, the nature and degree of unbalance in the scale should be taken into account in data analysis.
A haberdashery conducts an exhaustive analysis and calculates their profit function as 4x2 + 3x - 57. What is their fixed cost?
A) 4 B) 4x2 C) 57 D) 3x
The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents$8,419Accounts receivable$70,422Merchandise inventories$60,362Prepaid expenses$4,100Accounts payable$14,950Notes payable$86,638Other current liabilities$9,500If net credit sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
A. 85 days B. 42 days C. 70 days D. 60 days E. 154 days