Because Projects Are Temporary, _____

question 28

Multiple Choice

Because projects are temporary, _____.

• A) spotting trends in samples produced by repetitive processes is very important
• B) quality in the planning of the project is not given much consideration
• C) spotting trends in samples produced by repetitive processes is as important as considering quality in the planning of the project
• D) the project manager must be able to provide documentation that demonstrates that the correct processes are in place to prevent quality failures
• E) it is the project manager's responsibility to provide appropriate project requirements that will result in a facility that can produce quality products

Understand the concept of the break-even point and how to calculate it.

Recognize and apply different cost behaviors to various business scenarios through graph representation.

Calculate the operating income based on different levels of production and sales.

Understand how cost-volume-profit (CVP) analysis aids in decision making.

---

Definitions:

Default Risk

The possibility that a borrower will be unable to make the required payments on their debt obligations.

Days Payable Outstanding

A financial ratio that measures the average number of days a company takes to pay its suppliers; an indicator of how efficiently a company manages its payables.

Cash Receipts

The collection of money, including coins, currency, checks, and electronic transfers, received by a business or organization.

Default Risk

The possibility that a debtor will fail to fulfill their financial liabilities as agreed upon.