A Project Manager Wants to Introduce the Practice of a WBS

question 83

Multiple Choice

A project manager wants to introduce the practice of a WBS to the PMO, but the other managers believe this will create extra work. Which of the following would BEST communicate the need for a WBS to the other managers? (Choose two.)

• A) Using the WBS will help prevent work from slipping or being forgotten.
• B) TheWBS will be required on very large projects.
• C) TheWBS will be required if the project manager has the time available to complete it.
• D) TheWBS will aid in determining which resources are required for the project.
• E) The WBS is the best way to determine risks of the project.

Understand the concept of LIFO reserve and its impact on financial reporting.

Understand and apply the different inventory valuation methods (FIFO, LIFO, weighted average, specific identification) and their impact on financial statements.

Interpret and calculate the effects of currency exchange rate changes on international transactions, including gains and losses.

Compare and contrast IFRS and GAAP in relation to inventory accounting practices.

---

Definitions:

Separation

Separation refers to the process or state of being apart from others, which can have physical or emotional dimensions.

Reliable Information

Data or knowledge that is consistently true and can be depended upon for accuracy.

Self-Descriptions

The way individuals describe themselves, encompassing personal characteristics, traits, beliefs, and values.

Correlational Approaches

Research methods that examine the relationship or association between two or more variables without implying causation.