3. Since the number of employees needed is constant at 22, we don't need to hire or lay off any employees. The solution to the remaining part of the question is given below.
Solutions on the PM Computer Services1. The demand and production for each month
Month Demand Production Capacity
1 6 12.7
2 7 12.7
3 9 12.7
4 5 12.7
5 6 12.7
6 8 12.7
2. Determine the number of employees needed based on production capacity:
Month Production Capacity Computers per Employee Employees
1 12.7 12.7 / 0.6 = 21.2 22
2 12.7 12.7 / 0.6 = 21.2 22
3 12.7 12.7 / 0.6 = 21.2 22
4 12.7 12.7 / 0.6 = 21.2 22
5 12.7 12.7 / 0.6 = 21.2 22
6 12.7 12.7 / 0.6 = 21.2 22
4. Determine the number of computers produced each month:
Month Regular Production Overtime Production
1 12.7 0
2 12.7 0
3 12.7 0
4 12.7 0
5 12.7 0
6 12.7 0
Learn more on factors of production here d here https://brainly.com/question/16755022
#SPJ1
20 points
Joshua is the junior accountant of a construction company. He pays rent for its office building for the month of January. He credits the bank account and debits the rent account. What will be the change in the balance sheet on account of this transaction? A. total current liabilities increase
B. total current assets decrease
C. total fixed assets increase
D. long term liabilities decrease
E. total current liabilities decrease
Answer:
Hi!
The correct answer is E. total current liabilities decrease.
When Joshua credits the bank account and debits the rent account, it means that the company paid rent for its office building. Rent is considered an expense and is recorded as a debit to the rent account. At the same time, the bank account is credited, which means that money has been paid out of the account. This transaction will result in a decrease in the company's total current liabilities because rent is considered a current liability. Current liabilities are debts that are due within a year or less. By paying the rent for January, the company has reduced its current liabilities, resulting in a decrease in the total amount of money owed by the company in the short term.
hope this helps!
What is product positioning?
Answer:
Product positioning is the process of deciding and communicating how you want your market to think and feel about your product.
Explanation:
When a product is positioned, it means that its target market's perception of it has been ascertained and communicated. It entails identifying the special qualities and advantages of the product and differentiating it from rivals.
A strategic exercise called "product positioning" seeks to explain how a product fits into the market and why it is superior to complete products. It aids companies in developing a strong and distinctive market position for their goods, which ultimately promotes client preference and loyalty.
Understanding the customer's issue and demonstrating how your product can address it more effectively than rivals are part of this.
As a result, the significance of the product positioning are the aforementioned.
Learn more about on product positioning, here:
https://brainly.com/question/31997723
#SPJ7
Why do we record Direct deposits into the CPJ
Explanation:
Because those payments are done for creditors, repayment of loans and other expenses
who death was sadder itachi or minato or Jiraiya
Answer:
i would say Jiraiya
Explanation:
he was alone when ijt happen and was weak
What is the first step in financial planning?
OA. Analyzing the current situation
B. Identifying goals
C. Coming up with strategies for meeting goals
D.
Assess the advantages and disadvantages of different strategies
Answer:
A. analyze the current situation!
A short piece of copyrighted music is used in a news story covering the musical artist. Which DMCA provision would MOST LIKELY allow this
A short piece of copyrighted music is used in a news story covering the musical artist. DMCA provision that most likely allows this is Fair Use. The Digital Millennium Copyright Act (DMCA) provides certain provisions that allow for the use of copyrighted material in specific circumstances.
In the case of a news story covering a musical artist, the DMCA provision that would most likely allow the use of a short piece of copyrighted music is the fair use doctrine.
Fair use is a legal principle that permits the limited use of copyrighted material without permission from the copyright holder. It allows for the use of copyrighted works for purposes such as criticism, commentary, news reporting, research, and education.
When reporting on a musical artist, including a short piece of their copyrighted music in a news story can be considered fair use if it serves a transformative purpose, adds value to the story, and does not harm the potential market for the original work.
Using a short piece of copyrighted music in a news story can enhance the audience's understanding of the artist's work and contribute to the overall news reporting.
However, it is important to note that fair use is a nuanced legal concept, and its application depends on various factors, such as the nature of the use, the amount and substantiality of the portion used, and the effect on the potential market for the copyrighted work.
In conclusion, the fair use doctrine under the DMCA is the most likely provision that would allow the use of a short piece of copyrighted music in a news story covering a musical artist.
To know more about Fair Use refer here:
https://brainly.com/question/30654376#
#SPJ11
There are two different answers in Chegg to this question, but I don't know which one is correct! please reply with the correct answer.
Richard, age 45, is married with two children in high school. He estimates that his average annual earnings over the next 20 years will be $60,000. He estimates that one-third of his average annual earnings will be used to pay taxes, insurance premiums, and the costs of self-maintenance. The remainder will be used to support his family. Richard wants to calculate his human life value and believes a 6 percent discount rate is appropriate. The present value of $1 payable for 20 years at a discount rate of 6 percent is $11.47. Calculate Richard’s human life value.
Richard's human life value can be calculated by multiplying his average annual earnings ($60,000) by the present value factor ($11.47) and the proportion used to support his family (2/3).
To calculate the human life value, we first calculate the present value factor by using the given discount rate (6 percent) and the number of years (20). The present value factor of $1 payable for 20 years at a 6 percent discount rate is $11.47. Next, we multiply this present value factor by Richard's average annual earnings ($60,000) and the proportion used to support his family (2/3). \(Human life value = $60,000 * $11.47 * (2/3) = $459,240.\)
Learn more about discount here:
https://brainly.com/question/5182397
#SPJ11
What is the use of this agriculture machine?
Answer:
Agricultural machinery is machinery used in farming or other agriculture. There are many types of such equipment, from hand tools and power tools to tractors and the countless kinds of farm implements that they tow or operate. Diverse arrays of equipment are used in both organic and nonorganic farming.Explanation:
thanks❤❤Answer:
Professional farmers, as well as homesteaders or hobby farmers, use farm equipment to improve the productivity and efficiency at their farm. We cannot compare the use of a hand spade to the use of a tractor, as both tools have their own importance and ensure greater productivity at farms.
The only thing a farmer needs to do to be productive is to plant, reap and sow at the right time with the right equipment and in the right season. Farming needs different farm implement to be used in the various steps in farming operations. To make a significant difference and enhance the value of the produce a farmer needs to keep their farm on a stable schedule and choose the right equipment.
Uses And Importance
Accomplishing the right farming operations using the right agricultural machinery not only saves the time for a farmer but also helps to increase the fertility and efficiency of a farm.
Advantage of using the farm equipment is that they are capable of doing the maximum in minimum time, with reducing the cost of farming operations. Even at minimum speed, these farm machines have the capability to work twice as fast as human workers.
Additionally, these machines are also being upgraded and redesigned with the upcoming technologies to make them more eco-friendly. These upgrades make sure economic and environmental savings to make them compatible to further use in the future.
Here we are going to discuss the names and functions of the farm equipment that are used more often in modern farming businesses.
MB Plough
MB plough or mould board plough, is one of the tillage implements used to prepare the soil for sowing by breaking up the soil and burring weeds or competing plants. Plough, is the foremost implement used in farming and was initially upgraded in 1838 by a man named John Deere.
With the increasing Mechanization, there are many farm equipment manufacturing industries that offer different types of Plough with various functionalities to be used as tractor implement. One of such industries is Fieldking that offer a wide range of plough, including MB plough or Mould board plough, disc plough etc.
Rotavator
A rotavator or rotary tiller is the secondary tillage equipment used for the same purpose to till and prepare the soil for planting. Used as a tractor attachment it breaks up the upper layer of the soil. Spinning blades attached to either the front or rear of a tiller prepare the soil for seeding by spinning and cutting the clods in the soil.
A rotavator is one of the most common and powerful machinery that is used by Indian farmers to tilling the farms. They are also operated for a plough furrow for seeds and to make and form planting holes for planting trees or transplanting vegetation.
Explanation:
plz mark me as brilliant plz
Karl opens a savings account with $2500. He deposits $1500 every year into the account that has a 0.75% interest rate, compounded monthly. If he doesn't withdraw any money, what will the account balance be in 10 years?
Answer:
Total FV= $29,335.25
Explanation:
First, we need to calculate the future value of the initial investment ($2,500) using the following formula:
FV= PV*(1 + i)^n
PV= $2,500
i= 0.0075
n=10*12= 120 months
FV= 2,500*(1.0075^120)
FV= $6,128.39
Now, the future value of the $1,500 annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
We need to determine the effective annual rate:
Effective annual rate= (1.0075^12) - 1= 0.0938
FV= {1,500*[(1.0938^10) - 1]} / 0.0938
FV= $23,206.86
Total FV= $29,335.25
Percentage of defective units is a ________ common performance measure. In order to be effective, the balanced scorecard must be linked to: a. An information systems policy b. The number of people in the organization c. A performance measurement system d. Well-defined organizational strategies and goals
Percentage of defective units is a well-defined organizational strategies and goals. common performance measure. In order to be effective, the balanced scorecard must be linked to. (D)
The percentage of defective units is a common performance measure. In order to be effective, the balanced scorecard must be linked to well-defined organizational strategies and goals.
A balanced scorecard is a performance management tool that helps organizations measure their performance across multiple dimensions, such as financial, customer, internal processes, and learning and growth.
Linking the balanced scorecard to well-defined organizational strategies and goals ensures that the performance measures align with the company's objectives and drive improvement. (D)
This connection helps organizations identify areas of weakness, track progress, and make informed decisions for future growth and success. By focusing on the percentage of defective units, the organization can continuously monitor and improve product quality, leading to increased customer satisfaction and better overall performance.
To know more about customer satisfaction click on below link:
https://brainly.com/question/28387894#
#SPJ11
A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
T/F: firms with differentiated products are more likely to advertise.
The statement that firms with differentiated products are more likely to advertise is true.
true.
firms with differentiated products are more likely to advertise. differentiated products refer to products or services that have unique features, characteristics, or brand identities that distinguish them from competitors' offerings. advertising plays a crucial role in informing consumers about these unique attributes and promoting the benefits of the differentiated products.
by advertising, firms can effectively communicate their product differentiation to the target market, raise awareness, and influence consumer perceptions and preferences. advertising helps create brand recognition and loyalty, highlight competitive advantages, and ultimately increase the likelihood of attracting Customer and generating sales.
in contrast, firms with homogeneous or undifferentiated products may have less incentive to invest in advertising as they lack distinct features or advantages that set them apart from their competitors. they may rely more on other marketing strategies, such as price competition or word-of-mouth referrals.
Learn more about Customer here:
https://brainly.com/question/31192428
#SPJ11
12. The right to own a business is referred to as the right
Multiple choice-- finances/economics-- help!
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices
certificate of deposit
bond
401k
money market mutual fund
Answer:
certificate of deposit.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
In this scenario, Joseph wants to invest his money for a very long time and would like a very low-risk investment because he doesn’t want to lose any amount of money. Thus, the type of investment which will best fit Joseph’s needs is a certificate of deposit.
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, a bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, eliminating the chance of a holder such as Joseph to lose any money.
Answer: it is NOT certificate of deposit
Explanation:
Just used that on the test and it was wrong
____________ and _____________ are both data reporting outputs that contain data visualization.
Dashboards and reports are both data reporting outputs that contain data visualization.
What are these types of reporting outputs?A dashboard is a graphical user interface that displays data in a visual format, often using charts, graphs, and other data visualization tools. It allows users to quickly and easily monitor key performance indicators (KPIs) and metrics in real-time.
A report, on the other hand, is a document that presents information in an organized and structured manner, often including tables, charts, and other visual aids to help readers understand the data. Reports are typically more static and provide a more detailed analysis of data over a specific period of time.
learn more about reports: https://brainly.com/question/26177190
#SPJ1
Select the correct answer.
At which stage of problem solving should you discuss the problem with colleagues?
B. evaluating the information
C. gathering information
D. making a choice
E. taking action
Plato/Edmentum
Answer:
E or D
Explanation:
D because it doesn't hurt to get a second opinion and see what your colleagues think
E Because your actions or decisions when it comes to a business can affect your colleagues.
when the consumer price index cpi is calculated using the prices of a market basket of prducts what kind of products are includes in the market basket
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. It is one of the most widely-used measures of inflation or price levels in an economy.
The CPI is calculated by collecting price data on a sample of goods and services that represent a typical market basket of goods and services purchased by households. This market basket represents the goods and services consumed by households in the base period used for the index.
The CPI market basket is divided into eight major groups, namely food and beverages, housing, apparel, transportation, medical care, recreation, education, and communication, and other goods and services. These eight major groups are further divided into a total of 211 expenditure categories. These categories are then further broken down into specific items or goods and services. For instance, the food and beverages group is broken down into 20 categories such as cereals and bakery products, meats, fish, and eggs, dairy and related products, fruits and vegetables, non-alcoholic beverages, etc.
The Bureau of Labor Statistics (BLS) updates the market basket every two years to ensure that it reflects current consumer spending patterns. The weights assigned to the various expenditure categories in the market basket reflect their relative importance in the total expenditures of all urban consumers.
To know more about Consumer Price Index visit:
https://brainly.com/question/2514509
#SPJ11
Five years ago Thompson, an investor, ran across a board game that he enjoyed and believed the game would become very popular. He purchased 1,000 shares of the corporation that publishes the game. Unfortunately, the game was too complex for most casual game players and sales never amounted to much. Over the five years, the stock of the publisher has remained steady, but has not increased in value. This is an example of
This is an example of Business risk.
Business risk is the business a company Invested their money into which later reduce their profit or become unsuccessful.
A company or organization that enter into business in which they are unable to gain that financial target they aim for after investing their money into the business is known as business risk.
Any Business a person, company or organization choose to enter into is a risk as you cannot actually predict what the outcome will be as to whether it will lead to financial gain or loss until you start the business.
Inconclusion This is an example of Business risk
Learn more about Business risk here:
https://brainly.com/question/17893150
Answer:
Business Risk! Believe it!
Explanation:
Sales of cases of bottled water are up 7% from last year. You sold 900 cases of bottled water last year. Based on current percentage demand trends, what would the forecast be for total sales of cases of bottled water in 3 years.
Answer:
1,180 cases
Explanation:
The applicable formula in this case is the formula for calculating future value.
A = P x ( 1 + r)^n
where A is the number of cases after 3 years
P is the number of case sold this year
r is percentage increase: 7 %
n is the number of periods : 3 years
Number of cases sold this year = 900 Plus 7% of 900
=107% x 900
=1.07 x 900
=963
A = 963 x ( 1 +7/100)^3
A= 963 x( 1.07 )^3
A =963 x 1.225043
A =1,179.716
A= 1,180 cases
Number of cases = 1,180
The total dollar value of consumption, investment, government spending, exports, and imports is provided in the table above. What is the GDP of this fictional country?
Possible answers are:
$12,000,000
$9,000,000
$8,000,000
$10,000,000
The GDP of this fictional country is $ 8,000,000 (option C)
What is the GDP?Gross domestic product (GDP) is a term to refer to a macroeconomic magnitude that expresses the monetary value of the production of goods and services in final demand of a country or region during a period, usually one year.
There are several ways to know the GDP of a country, the simplest is a mathematical operation that includes the following data:
The consumption of households and non-profit institutions.The investment of companies and families.The final consumption expenditure of the public sector.The value of net exports.The value of imports.The operation states that we must add the first four indicators and subtract the last one. According to the information provided in the fragment, the operation would be:
5 + 2 + 2 + 1 - 2 = 8According to the above, the GDP of this fictitious country is $ 8,000,000 (option C)
Learn more about GDP in: https://brainly.com/question/14034620
A chicken farmer can produce one crate of eggs at a cost of $9. 86, and can sell that crate for $34. 24. If the farmer has a starting overhead cost of $7,312, not including production costs, how many crates must be sold in order to realize a profit of $11,300, to the nearest crate? a. 164 b. 330 c. 463 d. 763.
Based on the equation used, the number of crates that must be sold in order to realize the profit is 763 crates.
Let the number of crates be represented by x.
Based on the information given, the equation to solve the question will be:
(34.24 × x) - (7312 + 9.86x) = 11300
34.24x - 7312 - 9.86x = 11300
34.24x - 9.86x = 11300 + 7312
24.38x = 18612
x = 18612 / 24.38
x = 763
Learn more about equation on:
https://brainly.com/question/24691073
which activity is a consumer most likely perform?
Answer:
what are the options? consumers usually ask too many questions.
Explanation:
3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
Calculate the missing values. Express dollar values rounded to two decimal places and break-even volumes rounded up to the next integer. Fixed Cost (FC) per month Variable Cost (VC) per unit Selling Price (S) per unit Break-even Volume (x) per month Total Variable Cost at Break-even (TVC) per month Total Revenue (TR) per month at Break-Even $8,400.00 $24.00 $38.00 $130,000.00 $460.00 1,040 $720.00 $78.00 21 $32.00 $55.00 439
Fixed Cost (FC) per month: $8,400.00
Variable Cost (VC) per unit: $24.00
Selling Price (S) per unit: $38.00
Break-even Volume (x) per month: 439
Total Variable Cost at Break-even (TVC) per month: $16,836.00
Total Revenue (TR) per month at Break-Even: $16,682.00
The fixed cost per month is given as $8,400.00. This represents the cost that remains constant regardless of the volume of units produced and sold.
The variable cost per unit is given as $24.00. This is the cost that varies with the number of units produced and sold.
The selling price per unit is given as $38.00. This is the price at which each unit is sold.
The break-even volume per month is given as 439. This represents the number of units that need to be sold in order to cover all the fixed and variable costs.
To calculate the total variable cost at break-even (TVC), we multiply the variable cost per unit ($24.00) by the break-even volume (439). TVC = $24.00 * 439 = $10,536.00.
To calculate the total revenue at break-even (TR), we multiply the selling price per unit ($38.00) by the break-even volume (439). TR = $38.00 * 439 = $16,682.00.
Total Variable Cost at Break-even (TVC) per month: $10,536.00
Total Revenue (TR) per month at Break-Even: $16,682.00
Learn more about fixed cost here:
https://brainly.com/question/17137250
#SPJ11
When U. S. Preident Donald Trump impoed tariff on imported teel, Charmaine wa working a a project manager for a U. S. -baed contruction company. Charmaine’ company had to pay more for the teel they imported from China, which decreaed the overall profit on ome of their bigget build. After a few month, her company decided to raie the price of material for all future build to offet thoe extra cot. In thi cae, who ended up paying for the tariff?
The Trump tariffs are a set of American tariffs enacted during the administration of Donald Trump in an effort to close the trade deficit by reorienting American trade policy away toward bilateral trade partnerships over multilateral free trade agreements.
What is called imported?Anything acquired outside of the country of origin is considered an import. Both imports and exports are a part of global trade. A country has a trade imbalance if the value of the its imported exceeds than value of its exports. An import is any product that is produced overseas and brought into another country. For instance, if a Belgian company manufactures chocolate and sells it in the US, that would be considered an import from the American point of view.
Why is import used?With the use of a single phrase, Java's import statement makes it simple to take all of the classes that are visible to a program and specify them under a package. Since the programmer does not have to write the complete class definition, it is quite advantageous. As a result, it makes the program easier to read. Additionally, imports broaden the range of options available to consumers and contribute to cheap pricing, increasing their purchasing power. Additionally, imports give American firms high-quality inputs that assist enterprises and their American workers establish or maintain high levels of competitiveness in both domestic and international marketplaces.
To know more about Import visit:
https://brainly.com/question/26428996
#SPJ4
You are US company, 500,000 BP (British Pound) payable to UK in one year. Answer in terms of US$. Information for Forward Contract: Forward exchange rate (one yr): 1.54 $/BP Information for Money Market Instruments (MMI): Current exchange rate: 1.50 $/BP Investment return at Aerion Fund Management (in UK): 4% annual Interest rate of borrowing from Bank of America (in USA): 2% annual Information you need for Currency Options Contract: Options premium: 0.015 $/BP Interest rate of borrowing from Bank of America (USA): 2% annual Allowed to exercise options at 1.54 $/BP If the break-even exchange rate for the Currency Options Contract is 1.46 $/BP, and you believe the exchange rate at the time of the payment would be 1.53 $/BP, should you sign the contract?
Answer:
why just 5 points? :( but thanks for the 5points atleast
Explanation:
What is a placebo?
A. A placebo refers to a specific member of a sample from which data are collected.
B. A placebo refers to any problem in the design or conduct of a statistical study that tends to favor certain results.
C. A placebo refers to a situation in which a patient improves simply because they believe they are receiving a useful treatment.
D. A placebo lacks the active ingredients of a treatment being tested in a study, but is identical in appearance to the treatment.
A placebo is: D. A placebo lacks the active ingredients of a treatment being tested in a study, but is identical in appearance to the treatment.
What is placebo?A placebo are substance that are not active or treatment that is used as a control in clinical research trials. It is often in the form of a pill, injection, or other medical intervention that looks and may even taste the same as the experimental treatment, but has no therapeutic effect.
The use of placebos in clinical trials helps researchers determine whether the experimental treatment is actually effective, or if the observed effects are simply due to the placebo effect (the patient's belief that they are receiving a beneficial treatment).
Therefore the correct option is D.
Learn more about placebo here:https://brainly.com/question/16827703
#SPJ1
Describe four methods of cost estimation useful for estimating projects and discuss the merits of each of the four methods. 2. Discuss the purpose of creating and maintaining a project budget and identify 2 ways project teams handle budgets ineffectively. 3. Define risk management and identify 3 ways to manage risk. 4. Discuss the meaning and purpose of project control and identify 3 ways or areas that projects need controls. 5. Discuss the role of project reporting and describe the project reporting needs for executives, sponsors, managers, and work-teams. 6. Discuss the process involved in project termination and identify 3 reasons project are closed. 7. Identify at least four roles in project management and discuss each role's purpose and responsibilities. 8. Identify 3 elements a project manager needs to have to effectively manage teams or delegate tasks. 9. Discuss how remote teams are different to manage than local teams. 10. Discuss team conflict and identify 3 causes of conflict and how a project manager should manage conflict.
Project managers should encourage open and respectful communication, foster a collaborative team culture, and facilitate conflict resolution through mediation, negotiation, or seeking common ground.
1. Four methods of cost estimation useful for estimating projects and their merits:
a. Analogous Estimation: This method uses historical data from similar projects to estimate the cost. It is quick and easy to apply, especially in the early stages of a project when detailed information is limited.
b. Parametric Estimation: It involves using statistical relationships between project variables and costs to estimate project expenses. It allows for a more accurate estimation by considering multiple factors and their impact on costs.
c. Bottom-Up Estimation: This method involves breaking down the project into smaller components and estimating the cost for each individual element. It provides a detailed and accurate estimate but can be time-consuming.
d. Three-Point Estimation: This technique uses three estimates for each activity or task: the best-case scenario, worst-case scenario, and most likely scenario. It incorporates uncertainty and risk into the estimation process, resulting in more realistic cost projections.
2. The purpose of creating and maintaining a project budget is to ensure effective financial management and control over project expenses. It helps track and allocate resources, manage costs, and monitor financial performance. Two ways project teams may handle budgets ineffectively include:
a. Lack of Accuracy: Failing to accurately estimate costs and monitor budgetary deviations can lead to financial overruns and delays. Inaccurate budgeting can compromise the project's ability to meet objectives and deliverables.
b. Poor Communication: Ineffective communication and coordination among project team members regarding budgetary constraints and changes can lead to misalignment and misunderstandings. This can result in inefficient resource allocation and financial mismanagement.
Learn more about Project managers here:
brainly.com/question/29023210
#SPJ11
Note: Due to word limit ,other parts of the question are mentioned below:
Question 4 of 10
Which of the following is not a characteristic of both experiments and
surveys?
A. The researcher exercises direct control over at least one variable.
B. The data collected might be studied for patterns.
C. Subjects should be randomly selected.
D. Data are collected about a population.
SUBMIT
Answer:
C, Subjects should be randomly selected.
If you want a good result, you shouldn't throw random subjects in your survey.I hope this helped at all.