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Harry Is the Project Manager of the MMQ Construction Project

question 276

Multiple Choice

Harry is the project manager of the MMQ Construction Project. In this project Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States. Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who will guarantee the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?

Understand the principles of cost allocation and its impact on managerial decisions.

Assess the relevance of costs in pricing special orders and the influence of capacity.

Describe and apply the decision-making process in management accounting contexts.

Understand the differences between qualitative and quantitative characteristics and their impacts on decision-making processes.

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