Use the Earned Value Table for Project Makeready to Determine

question 1

Multiple Choice

Use the earned value table for Project Makeready to determine the earned value at week 49. $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | } \hline \text { Activity } & 7 & 14 & 21 & 28 & 35 & 42 & 49 & \text { Plan } & \% / 1 \text { Complete } \\\hline \text { Install fixtures } & 325 & 250 & & & & & & 575 & 100 \% \\\hline \text { Refinish floors } & & 550 & 85 & & & & & 635 & 100 \% \\\hline \text { Replace doors } & & & 350 & 275 & & & & 625 & 100 \% \\\hline \text { Complete tiling } & & & & 1,200 & 565 & & & 1,765 & 80 \% \\\hline \text { Install back door } & & & & & 875 & 225 & & 1,100&70 \% \\\hline \text { Landscaping } & & & & & & 200 & 350 & 550 & 25 \% \\\hline \text { Monthly Plan } & 325 & 800 & 435 & 1,475 & 1,440 &425 & 350 & 5,250 & \\\hline \text { Monthly Act } & 550 & 550 & 550 & 1,100 & 1,650 & 550 & 1,100 & & \\\hline\end{array}$$

• A)$4,950
• B)$6,050
• C)$4,155
• D)$5,250

Explain the law of diminishing marginal returns and its manifestation in the per-worker production function.

Recognize the role of education in enhancing labor productivity.

Delineate the contribution of research and development (R&D) to technological progress and economic growth.

Identify the patterns and trends in U.S. productivity and GDP growth historically.

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Definitions:

Current Assets

Resources anticipated to be turned into cash, sold, or used up within a timeframe of one year or during the usual business cycle if it extends beyond a year.

Office Supplies

Items used in offices for daily operations, including paper, pens, and staplers.

Cash

Liquid assets held by a company or an individual, used for the purpose of transactions or as a means to settle debts.

Intangible Assets

Intangible assets are non-physical assets owned by a company that have a useful life and provide future economic benefits, such as patents, trademarks, and goodwill.