Identify and briefly describe two ways to classify projects with scheduling problems.
Fill in the blank(s) with the appropriate word(s).
Answer will vary
(1) Time-constrained-the end date is fixed and needed resources are available; (2) Resource-constrained-the resources are fixed and the end date is flexible.
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Which of the following is an example of ethical behavior?
A. Providing nonstandard parts, but charging for factory parts. B. Misleading a customer about warranty coverage in order to make a sale. C. Providing or substituting an expensive product for an inferior one. D. Reporting a theft carried out by another employee.
Audit procedures to detect fraud are generally an expansion of normal audit procedures
a. True b. False Indicate whether the statement is true or false
A low cost product strategy maximizes profits by spending minimal amounts on research and
development. Indicate whether the statement is true or false
Which of the following statements regarding budgets is true?
A. Budgets are meant for poor people only. B. Budgets need software to be effective. C. Budgets are forward looking. D. Budgets do not need to be revised. E. Budgets provide long-term financial forecasts.