Team Operating Principles Are Sometimes Included in a Project Charter

question 18

Multiple Choice

Team operating principles are sometimes included in a project charter to enhance team performance.Which of the following statements accurately describes the value of establishing team operating principles?

• A) Operating principles that address the conduct of meetings and how decisions are made are especially useful in helping the team get off to a good start.
• B) Operating principles typically detail the specific work that each team member will perform and ensure a more complete understanding of the project.
• C) Operating principles identify the rules along with the punishments to be administered when the rules are broken.
• D) Operating principles are especially helpful for a routine project where participants have worked together before

Calculate activity rates and apply overhead costs to products using ABC.

Analyze the impact of different costing methods on product costs and financial reporting.

Identify and categorize activity cost pools and their respective cost drivers.

Compute unit costs under ABC and traditional costing systems.