In Order to Meet the Demands of the Job of Project

question 47

Multiple Choice

In order to meet the demands of the job of project manager-acquiring adequate resources,acquiring and motivating personnel,dealing with obstacles,making project goal trade-offs,maintaining a balanced outlook,and establishing a broad network of communication-the project manager must be a(n) _______________.

• A)highly skilled negotiator
• B)hard worker
• C)effective budgeter
• D)cultural expert

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Definitions:

Process Costing

A costing method used in industries where production is continuous and units are identical, assigning costs to units of product based on the process they go through.

Inventory

An asset that represents the total amount of goods and or materials a company holds for sale or production in the normal course of business.

Equivalent Units

A concept in process costing that converts partially completed units into a number of equivalent full units.

Direct Method

An approach used in cost accounting or cost allocation in which costs are directly assigned to cost objects, such as departments or products, without any allocation of indirect costs.