Before an evaluation of the project team can be effective and useful, a minimum core of conditions needs to be in place before the project begins. Which of the following would NOT be one of those conditions?
A. Standards for measuring performance exist
B. Individual, team responsibilities and performance standards are known by all team members
C. Evaluation criteria beyond time, cost and specifications has been established
D. Rewards are adequate
E. Individuals have the skill set necessary to successfully complete the project
Answer: E
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A(n) ________ is a system in which products and services flow from businesses to consumers while payment flows from consumers to businesses
A) marketplace B) brand valuation C) brand strategy D) channel E) category
Because of the many managerial tasks involved and the role of leadership in strategy execution, when implementing a strategy
A. assembling a strong management team is especially important. B. changing market conditions are likely to throw the entire strategy execution efforts off track. C. it is critical to ensure that all anticipated strategy-supportive resources and capabilities are already in place. D. an effectively structured organization can lead to higher bureaucratic costs. E. strengthening the firm's core competencies is the number one priority.
Simons, Inc sells plasticware
The following information summarizes Simons' operating activities for the year: Utilities Expense $ 65,000 Rent Expense 10,000 Sales Commissions Expense 32,500 Purchases of Merchandise 260,000 Merchandise Inventory on January 1 65,000 Merchandise Inventory on December 31 97,500 Sales Revenue 650,000 Prepare an income statement for Simons, Inc, a merchandiser, for the year ended December 31 using the format below: Sales Revenue Cost of Goods Sold: Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit Selling Expenses: Sales Commissions Expense Administrative Expenses: Rent Expense Utilities Expense Total Operating Expenses Operating Income What will be an ideal response
Scenario 12.3 Use the following to answer the questions. Glenwood Pet Hospital is considering implementing a new pricing strategy for its veterinarian services. After reviewing the previous three years' revenue, Glenwood finds that most of its customers bring their pets in for the required annual vaccinations and then only if the animal is ill. Glenwood's objective is to generate more income per customer on an annual basis. The hospital has previously priced its services by charging a flat fee for the office visit, a fee for each vaccine, and a fee for each type of examination beyond the basic office visit. Most customers pay the flat office fee and a fee for a rabies vaccine. Glenwood is now considering a new plan where the pet owner would pay one fee that would cover an office visit,
the required rabies vaccine, and additional vaccines that prevent heartworm, kennel-cough, and fleas. Glenwood hopes to encourage the pet owners to view their pet's health as part of a prevention program, rather than a one-time annual visit. Refer to Scenario 12.3. Glenwood's closest competitor, the Hearthstone Pet Hospital, currently charges $60 for each basic office visit. If Glenwood were to price its basic office visit at $45, it would most likely be employing which of the following? A. Customary pricing B. Penetration pricing C. Negotiatied pricing D. Price skimming E. Cost-based pricing