A monopolist will possess more power to raise the price when substitutes exist. The correct answer to the given question is the option b. more; more. A monopolist is defined as a single business that controls the entire supply chain of a good or service.
A monopolist is free to set its own prices, production rates, and marketing strategies because it has no direct competition. As a result, a monopolist has substantial market power and is more likely to earn high profits. However, in the absence of substitutes, a monopolist cannot increase prices beyond a certain threshold. When substitutes exist, the monopolist's power to raise prices is amplified because customers have an alternative option if prices rise too much or the quality of the goods or services deteriorates. Therefore, substitutes provide a natural limit on a monopolist's market power and help promote a more competitive environment. In conclusion, it can be said that monopolist has more power to raise the price when substitutes exist.
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The reorder point in Littlefield was set at 4200 kits initially. The lead time for replenishment was 4 days. Assuming that the daily number of orders (for 60 receivers) placed on the factory is normally distributed with a mean of 12.22 and a standard deviation of 3.41, then the initial reorder point provided a service level less than 99%
The Chick-fil-A fast food restaurant is interested in examining the capacity of a new, mini-restaurant that they have created. The restaurant offers the following menu:
Chicken Sandwich $5.00
Chicken Nuggets $4.50
Large Fry $2.00
Small Fry $1.25
Drink $1.50
Through market research, Chick-fil-A has discovered that 40% of their arriving customers will purchase a sandwich and 40% will purchase nuggets (20% of arriving customers do not purchase any chicken). All customers buy a drink and all customers buy fries, with 1/3 choosing a large fry and 2/3 choosing a small fry.
Chick-fil-A has two people working at the counter who take and fill orders from customers. On average, it takes 20 seconds for one of these counter people to take the customer’s order, get their drink, and get the rest of their meal. There are two people who work in the back room, one cooking fries and the other preparing chicken. The fry cook spends 3 minutes preparing each 2 pound batch of fries. A large fry consists of 1/4 pound of fries, and a small fry consists of 1/8 pound. The chicken preparer spends 10 seconds on each sandwich and 5 seconds on each order of chicken nuggets.
(a) (30 points) What is the capacity of each resource (Counter Help, Fry Cook, and Chicken Preparer), measured in customers per hour?
(b) (20 points) Chick-fil-A is considering the addition of a hand-scooped milk shake onto their menu. The milk shake would sell for $4.00, and would take 30 seconds to prepare for each customer. Chick-fil-A has a corporate policy that customers should be served within 1.5 minutes. In order to adhere to this policy, they are planning to hire a dedicated milk shake maker to work at the facility. Analysis has revealed that both the time between arriving customers and the time to make a milk shake are distributed exponentially. Given the variability, Chick-fil-A has determined that the average throughput time for a milk shake must be no more than 50 seconds in order to consistently meet the 1.5 minute service standard. What is the maximum number of customers/hour who can order a milkshake and still have the average throughput time within the 50 second limit?
(a) Capacity of Counter Help = 180 customers/hour, Capacity of Fry Cook = 89 customers/hour, Capacity of Chicken Preparer = 200 customers/hour (b) Maximum number of customers per hour for milkshake = 0.00714 or 0.714%
(a) Resource capacity refers to the maximum amount of output that a particular set of resources can produce, whether that be machines, employees, or other inputs. Chick-fil-A restaurant's capacity of each resource is as follows: Capacity of Counter Help (hours):The cycle time for a customer to complete the transaction is calculated as 20 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. The total number of customers that can be served per hour is calculated as: 3600/20 = 180 customers per hour. Capacity of Fry Cook (pounds): The cycle time per batch of fries for the fry cook is calculated as 3 minutes per 2 pounds batch.
The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders 1.33 pounds of fries on average. The number of customers that can be served per hour is calculated as: 3600/(3*60/2*1.33) = 89 customers per hour. Capacity of Chicken Preparer (pieces): The cycle time for a chicken sandwich is calculated as 10 seconds per sandwich. The cycle time for an order of chicken nuggets is calculated as 5 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders one sandwich or one order of chicken nuggets on average. The number of customers that can be served per hour is calculated as: (3600/(10+5)) = 200 customers per hour.
(b) Maximum number of customers per hour who can order a milkshake and still have the average throughput time within the 50 second limit can be calculated using the below formula; Maximum number of customers per hour= 1/(average time per customer) As we know, that average throughput time for a milkshake must be no more than 50 seconds to meet the 1.5 minute service standard. Thus the average time per customer is 50 + 90 (1.5-0.5).Thus the maximum number of customers per hour that can order a milkshake and still have the average throughput time within the 50 second limit is given as: Maximum number of customers per hour = 1/140Maximum number of customers per hour = 0.00714 or 0.714%.
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All of the following are considered appropriate speech in the workplace except O A. use of slang O O B. use of proper grammar O C. good pronunciation. O D. no use of swear words.
Answer:
a and d, The reason is your bussiness you should keep it professional.
Explanation:
All of the following are considered appropriate speech in the workplace except for the use of slang. Thus, option D is correct.
What is a workplace?A workplace, also known as a place of work, is a place where employees carry out duties, jobs, and projects on behalf of their boss. inevitably, a happy and pleased person will show this in his whole personality and development as a person. Other than just increased efficiency and staff fulfillment are some of the overall effects of a positive work environment.
While using slang at home or in social settings is allowed, doing so within the workplace can have unfavorable consequences. The employing of the vocabulary may cause misunderstandings in communication and can make those who cannot comprehend it feel excluded or alone.
Therefore, option D is the correct option.
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Big Canyon Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a price of $953. At this price, the bonds yield 9.4 percent. 1.11 points What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 8 01:52:31 Coupon rate % Skipped
8.78% Approximately must the coupon rate be on the bonds .
What is coupon rate?
The interest rate paid on the face value of a bond by its issuer is known as the coupon rate. It is the reoccurring interest rate that bond issuers pay to their buyers. Instead of using the issue price or market value, the coupon rate is determined using the bond's face value, also known as par value.The coupon rate is computed as shown below:
Bonds Price = Coupon payment x [ [ (1 - 1 / (1 + r)n ] / r ] + Par value / (1 + r)n
$ 953 = Coupon payment x [ [ (1 - 1 / (1 + 0.094)14 ] / 0.094 ] + $ 1,000 / 1.09414
$ 953 = Coupon payment x 7.613964662 + $ 284.2873217
Coupon payment = ($ 953 - $ 284.2873217) / 7.613964662
Coupon payment = $ 87.82713185
So, the coupon rate will be as follows:
= $ 87.82713185 / $ 1,000
= 8.78% Approximately
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a)Sold goods to Kriti on credit costing Rs. 8,000 for Rs. 10,000.
b)Paid salary in advance Rs. 15,000.
c)Rent outstanding Rs. 2,000.
d)purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
e)furniture purchased and paid by cheque rs10,000.
:journal entry.
Answer:
Here are the journal entries for the given transactions:
a) Sold goods to Kriti on credit costing Rs. 8,000 for Rs. 10,000.
Debit: Accounts Receivable (Kriti) 10,000
Credit: Sales Revenue 10,000
Debit: Cost of Goods Sold 8,000
Credit: Inventory 8,000
Copy
b) Paid salary in advance Rs. 15,000.
Debit: Prepaid Salary 15,000
Credit: Cash 15,000
Copy
c) Rent outstanding Rs. 2,000.
Debit: Rent Expense 2,000
Credit: Accrued Rent Payable 2,000
Copy
d) Purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
Debit: Furniture 12,000
Credit: Cash 4,000
Credit: Accounts Payable 8,000
Copy
e) Furniture purchased and paid by cheque rs10,000.
Debit: Furniture 10,000
Credit: Cash (or Bank if paid by cheque) 10,000
true or false... the part of fungus that produces is the fruiting body?
Answer:
false
Explanation:
I think it is false
Which is an example of non-tradable good or service.
Vegetables
Soda
Hotel accommodation
Textiles
A typical example of a non-tradable good or service is; Hotel accomodation.
What are non-transferable goods and services?Traditionally, non-tradable goods include such items as electricity, water supply, all public services, hotel accommodation, real estate, construction, local transportation; goods with very high transportation costs such as gravel; and commodities characteristically produced to meet special customs or conditions of the market space.
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which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine?
When the group has a strong sense of teamwork and a familiar routine, a delegative or participative leadership style is often most effective.
In a delegative leadership style, the leader gives the group a high degree of autonomy, delegating decision-making responsibility to the team members. In a participative leadership style, the leader actively involves team members in the decision-making process, creating a sense of shared responsibility for the outcome. Both styles allow the team to take ownership of the work, build trust and cooperation, and leverage the team's strengths and experience. This type of leadership style also creates a legislation environment where team members feel valued and empowered, which can lead to higher levels of job satisfaction and motivation. so, a delegative or participative leadership style is often most effective.
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g ivanhoe cosmetics inc has entered into a leasing agreement to rent equipment from marigold leasing services what amount would be used in the 90% test for the present value of the lease payments for the lessee
An agreement to rent a piece of property owned by another party is known as a lease.
The renter or lessee pays the lessor or landlord on a regular basis in exchange for the assured use of an asset. Both the lessor and the lessee are bound by the agreement. The agreement's duties and obligations are laid forth in the contract for both parties to follow. For instance, the obligations of the landlord and tenant are spelled out in the property lease of a residential property. Rent is paid by the renter, and security is left with the landlord. If a tenant violates the terms of the lease, the landlord may demand that they leave the property.
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Which of the following financial institutions does not take customer
deposits?
A. Investment bank
B. Credit union
C. Commercial bank
D. Savings bank
Option (A) Investment bank is correct.
Investment bank does not take customer deposits.
What meant by Investment bank?Investment banks are financial institutions that sell their services and act as a middleman in complex transactions like mergers or a startup's initial public offering (IPO). They are also capable of acting as brokers or financial advisers for significant institutional clients like pension funds.
Investment banks do not accept deposits; rather, they help individuals, groups, and governments raise money by issuing securities. Investment companies, often known as mutual fund companies, pool money from institutional and ordinary investors to offer them access to a greater variety of assets. While some financial institutions take deposits, others only offer particular banking services. These non-depository financial institutions include brokerage houses, finance companies, insurance companies, and pension funds. They provide services to both people and companies.
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A company buys a fixed asset on January 1, 2012 for $20,000. The accumulated depreciation for three years is $12,000. What will be the book value of the asset on December 31, 2014? The asset is sold on December 31, 2014 for $10,000. Will the company make a profit from this disposal?
The book value of the asset on December 31, 2014 is $ (Blank 1) . The company will make a (Blank 2).
Blank 1-
8,000
5,000
12,000
Blank 2-
loss of $2,000
profit of $2,000
profit of $8,000
Answer:
Blank 1-
12,000
Blank 2-
loss of $2,000
Explanation:
8. Problems and Applications Q8
Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized.
Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply.
The wage of manufacturing workers will rise.
The quantity of manufacturing workers demanded will fall.
The quantity of manufacturing workers supplied will rise.
There will be an increase in employment of manufacturing workers.
The quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise.
What does a union among workers represent in economy?In the macroeconomic model, a union among workers will increase the wage rate, thereby the supply of manufacturing workers will also increase.
This phenomenon is associated with a decrease in the demand and quantity of manufacturing workers.
In conclusion, the quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise if manufacturing workers formed a union.
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on august 1, year 1, a company borrowed funds from the bank by signing a one-year, $500,000 noninterest-bearing note due july 31, year 2. the note was discounted at the bank using a discount rate of 10.8%. the company uses the straight-line method of amortizing note discount. what amount should the company report for notes payable in its december 31, year 1, balance sheet? a. $446,000 b. $468,500 c. $477,500 d. $500,000
According to the statement, amount should the company report for notes payable in its December 31, year 1, balance sheet is option C: $477,500.
What do you mean by Amortization?
The term amortization referring to as the action or a process of writing off the starting cost of a particular asset.
Adding to it, concerning a loan, amortization mainly depends on spending out loan payments over a period of time. At the time of application, the process of depreciation and amortization is similar.
Furthermore, the basic purpose of amortization is maintaining a budget for large debts such as mortgages or car loans.
Therefore, correct option is C.
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In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that person must have _____.
Answer:
sight and foresight
What is a career cluster for cook
hi i needa gf im 16 im a kind loving caring person anyone 13 through 17
Answer:
r u a dude, cuz if u are then no, thx.
If the liabilities of a business are Rs.7,50,000 and the capital is Rs. 8,50,000. Find the total assets.
Rs 1600000
Explanation:
accounting equation= asset= liability+capital
The majority of women in the workforce work in technical, sales, and administrative support. please select the best answer from the choices provided t f
The majority and most of the women in the workforce work in Sales, technical, and administrative support is correct.
Why are women majorly working in these departments?Technical, sales and administrative support are where women are mostly placed and it is a reason that they are very empathetic and good with human relations.
Therefore, it is a true statement.
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You own a construction business and need to hire workers to build a house and add one worker at a time to the added contribution of each worker. At what point will you stop hiring workers ? Relate this process to the three stages of production function as you explain your answer .
if a partner in a limited partnership dies, the partnership ceases to exist.
T/F
The given statement, "if a partner in a limited partnership dies, the partnership ceases to exist." is false. Unless additional circumstances arise, the partnership will continue.
When a limited partner dies away or is unable to function, the limited partnership continues. The limited partner's stake may be transferred, and in the event of death, the limited partner's executor or administrator will have full authority to act on the partner's behalf with regard to estate administration.
A limited partnership (LP) develops when two or more partners become involved in business endeavors jointly, but the limited partners' responsibility is limited to the total amount of the investment they have made. The limited partnership's general partners oversee day-to-day operations and are liable for all financial responsibilities, including debts and legal fees.
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Which of the following examples demonstrate common education and qualifications for Health, Safety, and Environmental Management careers? Check all that apply.
Houston is good at leading and supervising other workers.
Penny is very creative and can think of new ways to solve problems.
Melinda is good at explaining safety instructions to workers.
Caron has good mechanical knowledge of how diesel engines work.
Edgar has a bachelor’s degree.
Kent is a very good driver.
Answer:
B,C,E
Explanation:
100% on Edg
Answer:
2)Penny is very creative, and can think of new ways to solve problems.
3)Melinda is good at explaining safety instructions to workers.
4) Edgar has a bachelor’s degree.
Explanation:
Got it right on edge :)
¿Qué es la Biblia y qué significa?
Respuesta:
Biblia significa: conjunto de libros canónicos que en el judaísmo y el cristianismo se consideran producto de inspiración divina y un reflejo o registro de la relación entre Dios y la humanidad.
Will we ever live in a world without scarcity? Explain.
Answer:
No, as some items are limited and its supply may not be able to meet the demand
Explanation:
e.g. water
there is limited water on earth and recycling water takes time and money
some places may experience drought, increasing demand of water more than what is available
water is then considered scarce in that area, at that point in time
Answer:
Maybe and no.
Explanation:
To answer this question, one must first understand and define scarcity. In one's definition, scarcity is the limited access to a needed supply or the inability to obtain a needed supply.
Following this definition, we can apply this to disparity found throughout the world. The two types of scarcity that are faced daily are natural scarcity and artificial scarcity. Natural scarcity is simply the lack of the necessary resources needed to provide a certain supply, think gold. Artificial scarcity is simply the control of a resource that isn't readily available to the masses although it could be easily, think drinking water.
As there are a finite amount of resources on the planet, the answer to the question "Will we ever live in a world without natural scarcity?" would be no since we can only harvest resources so quickly, and eventually, the resources will be depleted. The only way to solve this long term, it to find resources from other terrestrial bodies, such as asteroids. In the short term, this could be solved by increasing production, but that could lead to other potential problems.
As there will always be the unaccountable "human factor", the answer to the question "Will we ever live in a world without artificial scarcity?" would be maybe. As humans don't place the same value on things or each other, it's impossible to say if we as a species will ever eliminate artificial scarcity. An assumed large portion of artificial scarcity comes from human greed or indifference, since we as a species have the means to help one another, but for some reason or another choose not to.
One could hope that in the future, artificial scarcity will be eliminated, and an alternative resource stream can be found to extend the inevitable natural scarcity.
Hope this helps.
Cheers.
Vertical Integration is when a company _____________.
Answer:
Vertical integration is when a company owns or controls its suppliers, distributors or retail locations to control its value or supply chain
Suppose the fixed cost and total cost for a product are given below.
Fixed cost is $190;
Total Cost for 5 items is $4675
If the relationship is linear, which of the following represents the total cost function, C, for x units of this product?
C(x) = 190+897x
C(x) = 4675+ 897x
C(x) = 4675+ 1794x
C(x) = 190+ 1794x
Equation C(x) = 190 + 897x represents the total cost function for x units of this product. So, the correct answer is C(x) = 190+897x.
To determine which of the given options represents the total cost function for x units of the product, we need to consider the fixed cost and the relationship between total cost and the number of units produced.
In this case, the fixed cost is given as $190, which means it remains constant regardless of the number of units produced.
The total cost for 5 items is given as $4675. To find the cost per unit, we can subtract the fixed cost from the total cost and divide by the number of units produced:
Cost per unit = (Total cost - Fixed cost) / Number of units
Cost per unit = ($4675 - $190) / 5
Cost per unit = $4485 / 5
Cost per unit = $897
Based on this calculation, we can determine that the correct total cost function for x units is:
C(x) = 190 + 897x
Therefore, the option C(x) = 190 + 897x represents the total cost function for x units of this product.
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Why do custom-built, homegrown, and/or investigational technologies pose the greatest risk to research participants?
mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus ballz ballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballz
Physical risks include discomfort, pain, injury, illness, or disease caused by the research methods and procedures. Physical stimuli such as noise, shock, heat, cold, electric gravitational or gravitational fields, and so on can all pose a physical risk.
What are research risks?Greater-than-minimal risk determinations are derived from the definition of minimal risk. Risk in research can refer to the chances that individuals are willing to take in order to achieve a specific goal; or Situational hazards.
A quantitative risk analysis is founded on evidence. It assigns numerical values to risks based on quantifiable data such as costs, logistics, completion time, and staff sick days, among other factors. After a qualitative risk analysis, you'll usually conduct one to further assess the highest priority risks.
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Real estate sales contracts must be valid, express, bilateral, ______, and executed or executory.
The real estate sales contract must be enforceable.
A real estate sales contract is the most significant agreement used in the sale of a real estate product, such as a house or land. It specifies the terms and conditions of a real estate transaction and may only be used for completed property.
The most typical sort of real estate deal is a purchase agreement. This contract describes the terms of the property transaction.
Sale conditions, contracts The terms under which an auctioneer sells property; the instrument holding these terms, when reduced to writing or printing, is also known as the conditions of sale.
Therefore, the blank is to be filled by the word enforceable.
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Suppose the bakery has a customer that will buy 6 loaves of bread each day. What is the maximum number of muffins the bakery can make and still supply the bread to this customer?
Answer: Not enough information provided to solve.
Explanation: There is no information regarding the muffins.
which of the following are reasons why both individuals and organizations have embraced ebusiness?multiple choicemaximize convenienceimprove communicationall of these choices are correct.enhance productivitymultiple choicevarietyvolumeveracityvelocitymultiple choicedata democratizationintelligence dataproduction datadata intelligence
Both individuals and organizations have embraced eBusiness to: Maximize convenience: eBusiness allows for online transactions, shopping, and access to services, providing convenience and accessibility from anywhere at any time.
Improve communication: eBusiness enables efficient and quick communication through various digital channels, such as email, instant messaging, and video conferencing, facilitating effective collaboration and interaction.
Enhance productivity: eBusiness automates processes, streamlines operations, and provides tools for project management and workflow optimization, leading to increased efficiency and productivity.
Expand market reach: eBusiness enables individuals and organizations to reach a global audience and target customers beyond their geographical boundaries, expanding market opportunities.
Increase cost-effectiveness: eBusiness reduces the need for physical infrastructure and overhead costs associated with traditional business models, leading to cost savings and improved profitability.
Enable personalization and customization: eBusiness allows for personalized experiences, tailored recommendations, and customized products and services, enhancing customer satisfaction and loyalty.
Facilitate data-driven decision-making: eBusiness generates vast amounts of data, which can be analyzed and leveraged to gain insights, make informed decisions, and optimize business strategies.
Foster innovation and agility: eBusiness provides a platform for experimentation, innovation, and adaptation to changing market demands, enabling businesses and individuals to stay competitive and agile.
Enable remote work and flexibility: eBusiness facilitates remote work arrangements, providing flexibility in work schedules and locations, contributing to work-life balance and attracting top talent.
Improve customer experience: eBusiness offers seamless and user-friendly interfaces, personalized interactions, and quick response times, enhancing the overall customer experience and satisfaction.
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Full Question ;
Both individuals and organizations have embraced eBusiness to do which of the following?
A set of collectible dolls was very popular during the holiday season, but, as is the case with many toy fads, has dropped off significantly in the following months. A surplus of dolls now lines the shelves of retailers across the country. In the absence of government intervention, what is likely to occur?
1. The low price brought about by a decrease in demand will incentivize producers to increase the quantity of dolls supplied to the market.
The low price brought about by a decrease in demand will incentivize producers to increase the quantity of dolls supplied to the market.
2. The high price brought about by an increase in demand will incentivize producers to increase the quantity of dolls supplied to the market.
The high price brought about by an increase in demand will incentivize producers to increase the quantity of dolls supplied to the market.
3. The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
4. The high price brought about by an increase in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
Answer:
3
Explanation:
Answer:
3. The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
How does a project manager evaluate the scope of a project?
Determine the overall work that needs to be completed to deliver the desired product, service, or end result
Estimate some of the resources that are needed to deliver the desired product, service, or end result
Evaluate the time it will take to deliver the desired product, service, or end result
Guess how much money it will cost to deliver the desired product, service, or end result
Stating in an answer for future reference, it's A, "Determine the overall work that needs to be completed to deliver the desired product, service, or end result".
No "Tutor" needed.