What is hierarchy among the deliverable, work package, subdeliverable, and project? Create an example starting with the most macro element, cascading through to the lowest element
What will be an ideal response?
The highest (most macro) level is the project, followed by in increasing order of specificity, the deliverables, subdeliverables, and work packages. Examples will vary.
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"The customer is always right":
A) is the best attitude to get employees to give great service. B) may distort the importance of thinking about win-win relationships, not who is right and who is wrong. C) is an excellent motto for any organization. D) sets up companies to fail when the customer is actually wrong.
Which of the following statements is not true regarding the Trueblood Committee?
a. It was formed at a time when the APB was under heavy criticism. b. It was formed when very little progress was being made in terms of reformulating the structure of accounting theory. c. It was charged with using APB Statement 4 as a vehicle for refining the objective of financial statements. d. It enumerated a total of twelve objectives of financial accounting.
Most people-related challenges faced by family-owned businesses result from interactions of business necessity with family values and relationships.
Answer the following statement true (T) or false (F)
Coffie Corporation has provided the following information concerning a capital budgeting project: Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Annual sales$440,000 Annual cash operating expenses$310,000 The company uses straight-line depreciation on all equipment.The total cash flow net of income taxes in year 2 is:
A. $103,000 B. $130,000 C. $90,000 D. $75,000