What are the keys to begin harvesting the benefits of a project? What are the major components of a meaningful project assessment system and how does an assessment system help the project organization?
What will be an ideal response?
The key to begin harvesting the benefits of a project is to first develop an effective and meaningful measurement system that identifies goals, time frame, and responsibilities involved in project use and value assessment. At a minimum, a project assessment system should measure the following:
The criteria by which benefits of the project or service will be measured.
The points in time at which the measurement or assessment will be carried out.
The individual who has accepted responsibility for carrying out the measurement or assessment in the agreed way at the agreed points in time.
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The ratio of net income available to common stockholders to the average number of shares of common stock outstanding during the year is the ____________________
Fill in the blank(s) with correct word
Export embargoes induce greater losses in consumer surplus for the target country
a. the lesser its initial dependence on foreign-produced goods. b. the more elastic the target country's demand schedule. c. the greater the available output from alternative suppliers. d. the more inelastic the target country's supply schedule.
Cost behavior refers to the methods used to estimate costs for use in managerial decision making
Indicate whether the statement is true or false
Hesson Properties, Inc Transactions for Hesson Properties are provided below. Nov. 1 Hesson purchases two new maintenance carts on credit at $375 each. The carts are added to Hesson's property, plant, and equipment records. Payment is due in 30 days. Nov. 8 Hesson accepts $75 of advance payments from customers for services to be provided in December. Nov. 15 Hesson receives the utility bill for
$150. Payment is due in 30 days. Nov. 20 Customers are billed $750 by Hesson for property services. Payment is due from the customers in 30 days. Nov. 30 Hesson received $500 from customers who were billed on November 20th. Refer to the transactions that occurred at Hesson Properties. Based on these transactions, what is the journal entry to record the November 30th transaction? A) Cash 500Accounts Receivable 500 B) Accounts Receivable 500Service Revenue 500 C) Accounts Payable 500Cash 500 D) Service Revenue 500Cash 500