A Project Manager Needs to Allocate a Staff of 460

question 101

Multiple Choice

A project manager needs to allocate a staff of 460 employees to a 3-stage project. Stage 2 must have 20% more staff than Stage 1. Stage 3 required 50% more than Stage 2. Determine the number of employees needed for stage 1, 2 and 3 respectively.

• A) Stage 1 = 115; Stage 2 = 138; Stage 3 = 207
• B) Stage 1 = 120; Stage 2 = 120; Stage 3 = 320
• C) Stage 1 = 320; Stage 2 = 120; Stage 3 = 120
• D) Stage 1 = 207; Stage 2 = 115; Stage 3 = 138
• E) Stage 1 = 200; Stage 2 = 100; Stage 3 = 60

Recognize the reasons why improvements in non-financial performance do not always translate into profitability.

Comprehend different benchmarking strategies and their limitations.

Understand the general perspectives considered in the balanced scorecard for different types of businesses.

Define the concept and importance of set-up time in production.

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Definitions:

Bad Debts Expense

An expense account reflecting the cost of accounts receivable that a company does not expect to collect, thus written off as a loss.

Uncollectible Accounts

Refers to receivables that a company has deemed unrecoverable and is unlikely to collect.

Financial Reports

These are formal records of the financial activities and condition of a business, person, or other entity, providing an overview of a company's financial performance and financial position in both short and long term.

Allowance For Uncollectibles

A balance sheet account estimating the portion of receivables that a company does not expect to collect.