To Get a Clear Idea of the Positions in a Firm

question 10

Multiple Choice

To get a clear idea of the positions in a firm and how they are arranged, it is helpful to make use of a(n)

• A)operational map.
• B)departmental schematic.
• C)situational analysis.
• D)organization chart.
• E)value chain.

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Definitions:

Average Costs

Average costs refer to the total costs of production divided by the number of units produced, used in economics and financial analysis to assess efficiency or profitability.

Analogous Estimate

A cost estimation technique that uses the actual costs of previous, similar projects as the basis for estimating the cost of the current project.

Budgeted Cost

An estimate of all financial resources allocated for specific activities or the entire project.

Earned Value

A project management metric that measures project performance by comparing the work performed's value to the planned value and actual cost.