Project Management‚ 2e (Pinto) Chapter 11 Critical Chain Project Scheduling 11.1 True/False 1) Once the organization elevates its constraint‚ its system has no constraint. Answer: FALSE Diff: 2 Section: 11.1 The Theory of Constraints and Critical Chain Project Scheduling Skill: Definition AACSB Tag: Reflective 2) An organization’s budget estimating process routinely misses the actual cost of a project by 25%. For the most recent project‚ the budget variance was a ridiculous 23%‚ but this
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11 Chapter 11 Relevant Costs for Decision Making Solutions to Questions 11-1 A relevant cost is a cost that differs between alternatives in a decision. 11-2 An incremental cost (or benefit) is the change in cost (or benefit) that will result from some proposed action. An opportunity cost is the benefit that is lost or sacrificed by not taking some course of action. A sunk cost is a cost that has already been incurred‚ and that cannot be changed by any future decision. 11-3 No. Variable
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TEST BANK CHAPTER 1 TRUE/FALSE QUESTIONS (T) 1. The purpose of the financial system is to bring savers and borrowers together. (F) 2. Businesses are never DSUs. (T) 3. A financial claim is an “IOU” from a deficit spending unit. (T) 4. Investment bankers help DSUs bring new primary security issues to market. (F) 5. Deposits in a credit union by a household are an example of direct finance. (F) 6. When an SSU owns a financial claim created by financial
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Test Bank—Chapter One (Data Representation) Multiple Choice Questions 1. Which of the following Boolean operations produces the output 1 for the fewest number of input patterns? A. AND B. OR C. XOR ANSWER: A 2. Which of the following best describes the NOR operation? A. An XOR followed by a NOT B. An OR followed by a NOT C. A NOT followed by a NOT C. An AND followed by a NOT ANSWER: B 3. Which of the following bit patterns cannot be expressed in hexadecimal
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Chapter 1 Introduction Multiple-Choice Questions 1) The best definition of economics is A) how choices are made under conditions of scarcity. B) how money is used. C) how goods and services are produced. D) how businesses maximize profits. Answer: A Level of Difficulty: Easy 2) Managerial economics is best defined as the economic study of A) how businesses can make the most profits. B) how businesses can decide on the best use of scarce resources
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Chapter 11 Student: ___________________________________________________________________________ 1. As coca-cola faced problems in the late 1990s‚ Douglas Daft changed strategies and focussed on ____________? A. price B. quantity C. quality D. tailoring strategy to meet local needs E. centralizing firm decisions in Atlanta 2. Profit can be defined as: A. costs minus profits B. the difference between time and money C. quantity times profit D. sales plus costs E. the difference between TR and TC
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Question 1 1 out of 1 points Demand influences on _______ decisions concern primarily the nature of the target market and expected reactions of consumers to a given price or change in price. Selected Answer: Pricing Correct Answer: Pricing Question 2 1 out of 1 points The __________ factors that are particularly important for pricing decisions are expected consumption rate of potential buyers‚ location of potential buyers‚ and position of potential buyers. Selected Answer:
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Chapter 1 Law is so diverse and complex; although what law does is helpful: the law sets basic standards of behavior that are enforced by government and also by individuals and groups • Freedom from violent conflict • Rules of conduct for different reasons Why do we have- need- law? • 1) Law is needed to protect persons‚ property‚ and society as a whole. It can not force someone to do something; ordinarly relations‚ reasonable‚ and predictable o ie) by requiring all types of vehicles to drive
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Joseph Company issued $800‚000‚ 11%‚ 10-year bonds on December 31‚ 2007‚ for $730‚000. Interest is payable semiannually on June 30 and December 31. Joseph Company uses the straight-line method to amortize bond premium or discount. Instructions Prepare the journal entries to record the following. The issuance of the bonds. (For multiple debit/credit entries‚ list amounts from largest to smallest eg 10‚ 5‚ 3‚ 2.) The payment of interest and the discount amortization on June 30‚ 2008. (For multiple
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Organizational Behavior‚ Design‚ and Change‚ 6e (Jones) Chapter 1 Organizations and Organizational Effectiveness 1) Studying organizations is relatively easy because they are tangible. That is‚ we can see and touch them. F 2) One of the difficulties in studying organizations is that they are intangible. In other words‚ we cannot touch or see them. T 3) Entrepreneurship is the process by which people recognize opportunities to structure organizations more efficiently. F 4) Amazon.com was created
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