What is a project? Who is the project manager?
What will be an ideal response?
A project is a planned undertaking of a series of related activities to reach an objective that has a beginning and an end. Project management is a controlled process of initiating, planning, executing, and closing down a project. The individual responsible for the project and project management is the project manager. The project manager is an individual with a diverse set of skills. Management, leadership, technical, conflict management, and customer relationship are necessary skills that the project manager should have. Also, the project manager is responsible for initiating, planning, executing, and closing down a project.
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Voltaic Electronics uses a standard part in the manufacture of different types of radios. The total cost of producing 35,000 parts is $105,000, which includes fixed costs of $50,000 and variable costs of $55,000. The company can buy the part from an outside supplier for $2 per unit and avoid 20% of the fixed costs. Assume that the company can use the freed manufacturing space to make another product that can earn a profit of $16,000. If Voltaic outsources, what will be the effect on operating income?
A) increase of $11,000 B) decrease of $11,000 C) decrease of $10,000 D) increase of $16,000
In order for a minor to be bound by a contract with an adult after he or she becomes an adult, he or she must ________
A) disaffirm the contract before reaching the age of majority B) complete his or her contractual duties of restitution and restoration C) ratify the contract after reaching the age of majority D) place the adult in status quo until reaching the age of maturity
General government regulation consists of laws that regulate ________
A) the legislative branch of the federal government B) government-aided organizations C) the executive branch of the federal government D) businesses and industries
To recover workers' compensation, an employee must prove that an injury did not occur on the job or in the course of employment
Indicate whether the statement is true or false