A Project Manager's Job Is to Ensure All of the Following

question 45

Multiple Choice

A project manager's job is to ensure all of the following EXCEPT:

• A)Completion of the project on time
• B)Completion of the project within budget
• C)Completion of the project consistent with the project's objectives
• D)Completion of the project within a fairly flexible time frame
• E)Completion of the project through disciplined scheduling and control

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Definitions:

Fixed Manufacturing Overhead

Fixed manufacturing overhead includes regular, consistent costs involved in manufacturing that do not vary with the level of production, such as salaries of managers and factory rent.

Job-Order Costing System

A cost accounting system that assigns manufacturing costs to a specific product or batches of products, often used in customized production environments.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate estimated overhead costs to products or job orders based on a selected activity base, such as direct labor hours.

Variable Manufacturing Overhead

Costs in manufacturing that vary with the level of production output, such as utilities for machinery.