A Common Tool Project Teams Use Is a Responsibility Assignment

question 39

Multiple Choice

A common tool project teams use is a responsibility assignment matrix (RAM) .Typically,this chart will depict:

• A) the date each activity will begin.
• B) the duration of each activity.
• C) the roles key members of the team will play on each activity.
• D) organizational reporting structure

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Definitions:

Percent of Sales Method

A financial forecasting model that predicts future variables, such as expenses and inventory levels, as a percentage of projected sales.

Credit Sales

Sales of goods or services that are paid for at a later date, extending credit to customers.

Bad Debt Expense

An expense reported by businesses to account for receivables that are no longer collectible, affecting the net income.

Allowance for Doubtful Accounts

A contra-asset account on the balance sheet, estimating the amount of receivables that are expected to be uncollectible.