A Project Manager Is Analyzing the Cost Variances Produced When

question 173

Multiple Choice

A project manager is analyzing the cost variances produced when comparing two different projects completions. Which of the following factors could be causing the increased variance for the four-month projects? (Choose two.)

• A) Increased resource productivity
• B) Increased resource allocation
• C) Increased schedule variance
• D) Increased labor cost
• E) Increased labor overhead

Recognize the relationship between market equilibrium, surplus, and shortage.

Distinguish between movements along and shifts of the supply and demand curves.

Understand how market mechanisms naturally move towards equilibrium.

Appreciate the distinction between supply (demand) and quantity supplied (demanded).

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Definitions:

Industry Specific

Pertaining to conditions or practices unique to a particular industry, trade, or field.

Differential Reporting

Provision within accounting standards or a regulatory framework that facilitates different reporting requirements for different categories of entities.

Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.

AASB 6

Refers to the Australian Accounting Standards Board standard that deals with the exploration for and evaluation of mineral resources.