Explanation:
Go with D
The detection of disclosure fraud involving fraudulent disclosures is typically more difficult than that of inadequate disclosure fraud involving missing disclosures. Option D is correct.
What is the significance of fraud disclosures?False statements about the facts are a component of fraud, whether they are made to another party with the intent to deceive or purposefully withheld for the goal of obtaining something that might not have been given otherwise.
Fraud detection stops dishonest people from conducting fictitious financial or other transactions. It is a crucial component of monitoring fraud. Any company's financial stability, as well as its reputation and brand, can be harmed by fraud.
Companies that distort financial information or omit crucial information from public statements commit financial statement and disclosure fraud. Publicly traded businesses notify the general public of significant occurrences through press releases and SEC filings (SEC).
Therefore, option D is correct.
To learn more about the Fraud, refer to:
https://brainly.com/question/14971645
#SPJ5
If consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos falls?
Answer:
Equilibrium price and quantity would fall
Explanation:
Substituite goods are goods that can be consumed in place of each other. If the price of a good increases, consumers can easily subsituite to the other good.
If cappuccinos and lattés are subsituites, if the price of cappuccinos falls, the demand for cappuccinos would increase and the demand for lattes would fall because lattes are now relatively more expensive than cappuccinos.
The fall in demand leads to a fall in quantity demanded and price.
I hope my answer helps you.
If consumers view cappuccinos and lattés as substitutes, a drop in the price of cappuccinos makes them more attractive, causing a decrease in demand for lattés, which in turn leads to a decrease in the equilibrium price and quantity of lattés.
Explanation:In the field of economics, when consumers view two goods, in this case, lattés and cappuccinos, as substitutes, a fall in the price of one good (cappuccinos) would lead to a decrease in demand for the other good (lattés). This situation happens because consumers would switch from the more expensive good (lattés) to the cheaper one (cappuccinos). As a result, the equilibrium price and quantity of lattés would decrease.
This is a basic principle of supply and demand: If the price of a substitute good (cappuccinos) decreases, the demand for the other good (lattés) falls, leading to a decrease in its price (equilibrium price) and the amount sold (equilibrium quantity).
Learn more about Substitutes in Economics here:https://brainly.com/question/31146083
#SPJ3
Which of the following statements is about a normal good, which is about an inferior good, which is about both, and which is about neither?
I With incomes falling in the recession, people are buying more chicken.
II People are buying more beef now that incomes have increased.
III People are buying more chicken because the price of chicken has fallen.
IV With higher incomes people are switching from chicken to beef.
Answer:
With incomes falling in the recession, people are buying more chicken. - this statement is about inferior goods
II People are buying more beef now that incomes have increased. - this statement is about normal good
III People are buying more chicken because the price of chicken has fallen. This statment is about neither
IV With higher incomes people are switching from chicken to beef. - this statement is about both normal and inferior goods
Explanation:
A normal good is a good whose demand rises when income increases and falls when income falls. In this question, beef is a normal good.
An inferior good is a good whose demand rises when income fall and falls when income rises. Chicken is an inferior good in this example.
The city fire department offers its services to any individual within its city limits, so even Ken, who is driving through the city on vacation, received assistance with a car fire. The fire department is an example of a ________organization.
a) servant
b) common weal
c) for-profit
d) mutual benefit
e) volunteer
Answer:
Explanation:
Commonwealth
A community or an organization of shared beliefs , interest , concerns , assistance or services that can be offered. Like in the case of the city fire department offering its services to the environs within its city limits. The act of Ken driving through the on vacation and him receiving assistance is an example of a common wealth organizatiin sharing their concerns and services on anyone in the city.
A study reported in the May 17, 2012 issue of The New England Journal of Medicine followed people for an average of 13 years and found that people who consumed two or more cups of coffee a day were less likely to die during the course of the study than those who drank no coffee.
a. Was this study a randomized experiment or an observational study?
b. Based on this study, can it be concluded that drinking coffee causes people to live longer?
Answer:
A study reported in the May 17, 2012 issue of The New England Journal of Medicine followed people for an average of 13 years and found that people who consumed two or more cups of coffee a day were less likely to die during the course of the study than those who drank no coffee.
Was this study a randomized experiment or an observational study?
The above study is randomized experiment
Based on this study, can it be concluded that drinking coffee causes people to live longer?
Yes, due to the inference from the research study above. it could be deduced that coffee enhances or improves life span than people without taking coffee as it was established during the 13 years of the research
Explanation:
Final answer:
The study in question is an observational study, which means it observes outcomes without manipulating any variables.
Explanation:
The study reported in The New England Journal of Medicine, which followed individuals for an average of 13 years, is an example of an observational study. This type of study observes and records behavior without manipulating any variables, unlike a randomized experiment where subjects are randomly assigned to different groups with one or more being treated or controlled.
Based on the nature of the observational study, it can be somewhat stated that drinking coffee causes people to live longer. Due to the inference from the research study above. it could be deduced that coffee enhances or improves life span than people without taking coffee as it was established during the 13 years of the research
Clarence lives in Maine, which has a sales tax of 5%. He just bought a digital camera whose full price was $725, but after sending in a rebate form, he later received a check in the mail for $125. What was the total amount that Clarence ended up paying after receiving the rebate?
Answer:
=$600
Explanation:
Full price refers to the highest amount payable, or the total amount to be paid. Clarence must have paid the full paid which was $725.
A rebate is promotions discount given by the manufacturer. It is enjoyed by way of claiming after purchase. By filling the rebate forms , Clarence was claiming the discount entitled to her. She got a check of $125.
Her final expenditure on the camera was $725- $125= $600
=$600
Answer: it's $636.25
Explanation:
All of the following are among the goals of a financial information system (FIS) except: A. Monitoring cost trends B. Minimizing capital investment risks C. Sales forecasting D. Managing cash flows
Answer:
C. Sales forecasting
Explanation:
A financial information system (FIS) collects, organizes, and interprets financial data. FIS involves the digitization and automation of financial processes, including budget formulation, internal control measures, accounting, and reporting. The financial information system provides crucial information that aid management in making key policy decisions.
FIS helps management in the day to day financial operations. It provides updated information that allows managers to track the incomes and expenses of the business. The system is designed to provide efficiency in financial management. It only analyzes the information that is has gathered. It is not a forecasting or a sales management tool.
The correct answer is B. Minimizing capital investment risks. Financial information systems are designed to track and manage financial data with goals such as monitoring cost trends, sales forecasting, and managing cash flows, but not directly minimizing investment risks.
Explanation:The goal among the options that is not a primary objective of a financial information system (FIS) is Minimizing capital investment risks (Option B). Financial information systems are designed primarily for the tracking and management of financial data within an organization. Common goals of FIS include:
Monitoring cost trends to ensure efficient use of resources,Sales forecasting to predict future revenue,Managing cash flows to ensure liquidity and operational effectiveness.While FIS can provide information that may indirectly help in minimizing investment risks, it is not their direct goal. Investment risks are often assessed and managed through different aspects of financial management, such as strategic planning, risk assessment, and possibly investment analysis tools, rather than the operational focus of FIS.
To become informed decision-makers in the economy, understanding the basics of financial savings, investment strategies like bonds, stocks, and mutual funds as well as risk and diversification is vital. This knowledge also ties into the role of financial institutions, which affect households and businesses by transforming savings into capital formation through interest and risk assessment, as well as offering various types of consumer accounts.
Learn more about Financial Information System here:https://brainly.com/question/33410074
#SPJ3
Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official?A) Grease paymentsB) Social exchangesC) Opportunity costsD) ProvisionsE) Deferred payments
Answer:
Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official
Explanation:
Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.
Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.
Assuming that there are no income taxes, what would be the ROI and residual income, respectively, for this equipment, which has an average value of US $100,000?
Please see complete question below :
CPA-08299: Managers of the Doggie Food Co. want to add a bonus component to their compensation plan. They are trying to decide between return on investment (ROI) and residual income (RI) as the performance measure they will use. If Doggie adopts the RI performance measure, the relevant required rate of return would be 18%. One segment of Doggie is the Good Treats division, where the manager has invested in new equipment. The operating results from this equipment are as follows:
Revenues $ 80,000
Cost of goods sold 45,000
General and administrative expenses 15,000
Assuming that there are no income taxes, what would be the ROI and RI for this equipment that has an average value of $100,000?
ROI RI
Answer:
ROI = 20% and RI = $2000
Explanation:
Return On Investment(ROI) = Profit before Interest & Tax/Average Investment
Profit before Interest & Tax (PBIT) = Revenue -cost of goods sold- General & Adm expenses
PBIT= $ 80,000 - $45,000 -$15,000
= $20,000
ROI = ($20,000/100,000) * 100% = 20%
Residual Income = PBIT - (Average Investment* Required Rate of Return)
=$20,000- (18%* 100,000)
=$20,000- $18,000
= $2000
The format and information contained in one firm's financial statements are most likely to differ drastically from the format and information contained in another firm's financial statements. True or false?
Answer:
False
Explanation:
A financial statement is a document that shows the financial position/strength as well as business activities of a firm, in a structured form and that is easy to understand.
Just like there are generally accepted accounting principles(GAAP), there are also standard ways of writing financial statements. These means that what is obtainable on the financial statement of firm A is also obtainable on that of firm B. This means the financial statement of both firms can do the same functions in their respective firms.
Cheers
S buys a $50,000 whole life policy with a 50,000 accidental death and dismemberment rider. S dies 1 year later of natural causes. How much will the insurer pay the beneficiary?
Answer:
Insurer pay the beneficiary = $50,000
Explanation:
Data provided in the question:
Amount of the policy bought by the S = $50,000
Accidental death cover = 50,000
Now,
When the S dies the insurer will pay the beneficiary the total amount for which is covered under the accidental cover i.e equal to the amount 50,000
hence,
Insurer pay the beneficiary = $50,000
The insurer will pay the beneficiary $50,000. This is because the insured, S, bought a whole-life policy worth $50,000 and died of natural causes. The accidental death and dismemberment rider does not apply in this case as it covers death or dismemberment caused by an accident.
Explanation:In this scenario, S has bought a whole-life policy worth $50,000 along with an additional accidental death and dismemberment rider of the same value. A whole-life policy covers the insured for their entire life, and a death benefit is paid to the beneficiary upon the insured's death, regardless of the cause. However, the accidental death and dismemberment rider provides additional coverage only if the insured's death or dismemberment is caused by an accident.
In S's case, they died of natural causes and not due to an accident. Therefore, the accidental death and dismemberment rider will not apply. Hence, the insurer would only be required to pay the beneficiary the death benefit associated with the whole life policy, which is $50,000.
Learn more about Insurance Coverage here:https://brainly.com/question/34565552
#SPJ11
The managers of a restaurant have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job.
a. True
b. False
Answer: True.
Explanation:
The Hawthorne effect explains that workers tends to put in more effort when they are aware that they are being monitored, therefore the restaurant can use the Hawthorne effect to achieve more productivity from their workers.
In the context of the pre- and postproduction services perspective of a value chain, which of the following statements is true of postproduction services?
A. They focus solely on gaining new customers.B. They include contract negotiations.C. They focus on keeping existing customers.D. They include good and service guarantees.
Answer:
They include good and service guarantees (D)
Explanation:
Option A . This false. Focusing on gaining new customers is part of pre-production services because this yet to be turned to sales.
Option B. This is false. Contract negotiation is part of pre-production services because it is a deal that is yet to be concluded.
Option C. This is false.
Option D.This is true. It is part of post-production services such after sales service.
Final answer:
The true statement about postproduction services in the value chain is that they focus on keeping existing customers by providing ongoing support and services to ensure customer satisfaction and loyalty.
Explanation:
In the context of the pre- and postproduction services perspective of a value chain, the true statement about postproduction services is that they focus on keeping existing customers. Postproduction services play a crucial role in customer retention by ensuring that customers are satisfied with their purchases and by providing ongoing support and services. This could include a variety of activities such as customer service, maintenance services, product updates, and customer feedback mechanisms. These services help to build a loyal customer base, which is vital for the long-term success of a business. Contrary to solely attracting new customers, postproduction services often aim to maintain and enhance the relationship with existing customers to ensure repeat business and referrals.
Moreover, the value chain includes several aspects such as procurement, production, and marketing. Of these, postproduction services are especially important in maintaining the prestige and ensuring the capacity of delivery which have direct implications on a company's reputation and future profitability. Successful delivery and positive customer experiences contribute to a firm’s ongoing success and its competitive advantage in the market.
With the rapid industrialization and improved transportation of the 1880s, more product producers were chasing the growing purchasing power of more consumers. As a result, they were forced to differentiate their products, resulting in the development oF____________.
Answer: Brands
Explanation:
The development of brands is one of the type of marketing method which strengthen our various types of products and the services in an organization.
The importance of the development of brand is that it helps in maintaining the quality, consistency of product, trust and value the customers requirement.
The following are the phase of the brand development are as follows:
Brand identityBrand strategyBrand management Graphic designAccording to the given question, due to the rapid industrialization the organization are basically forced for differentiating the given products and the services in the development of brands.
Last year, Ace Electronics had credit sales of $1,500,000. The average accounts receivable balance last year was $250,000. What was the receivables turnover ratio for Ace Electronics last year?
Answer:
6 times
Explanation:
The formula and the computation of the receivables turnover ratio is shown below:
Account receivable turnover ratio = (Credit sales) ÷ (Average accounts receivable balance)
= ($1,500,000) ÷ ($250,000)
= 6 times
We simply divided the credit sales by the average account receivable balance so that the receivables turnover ratio could arrive
"GameStop sells video games and systems, offering a narrow product line with a deep assortment within that line. GameStop is a(n)________."
Answer:
specialty store
Explanation:
Specialty store -
It refers to the shop which have only one specific retail market , is referred to as a specialty store .
It is the type of store , which sells only one type of product.
These stores and independent stores , with no branches .
The competition for a speciality store , are the variety store , supermarkets , general store and the departmental store.
Hence , from the given scenario of the question,
GameStop is a specialty store.
The marginal benefit you receive from eating a third slice of pizza will be __________ the marginal benefit you receive from eating the first slice of pizza.
Answer:
less than
Explanation:
The law of diminishing marginal utility states that utility decreases as additional units of a commodity are consumed. An example would the satisfaction you would derive from the first bottle of cola and the second and the third, the satisfaction you derive deceases after each additional consumption.
Believers of behavioral finance principles do believe that:
A) Markets are not always efficient
B) Rational expectations reflect expected outcomes
C) Choices are always based off expected utility maximization
D) Prices reflect risk and return
E) Arbitrageurs correct mispricings in the market
Answer:
(A) Markets are not always efficient
Explanation:
Behavioral finance tries explaining how individual psychological behavior's influence their financial decisions which cause volatility in the stock market.
It points towards how psychology and human emotions and prejudices affect an investor's decisions which results into unexpected price rise and crashes in the stock market.
Behavioral finance rejects the efficient market hypothesis theory which considers markets are efficient as all the information is available, stock prices are fair reflection of that information.
Thus, Behavioral finance is an extension of behavioral economics and it's believers believe that (A) Markets are not always efficient
Which of the following is a normative statement?
1. Government has grown too large and should be reduced.
2. The rate of inflation has increased.
3. Government is subject to the same rules as all other institutions.
4. The money supply grew by 3% last year.
Answer:
1. Government has grown too large and should be reduced.
Explanation:
The normative statement is an economic statement that means expressing judgments or value.
Final answer:
The statement 'Government has grown too large and should be reduced' is a normative statement. It is subjective and prescribes how things should be, unlike the fact-based positive statements.
Explanation:
Among the options provided, the statement 'Government has grown too large and should be reduced' is a normative statement. Normative statements express judgments or opinions and prescribe how the world ought to be. Unlike positive statements, which are fact-based and can be tested or verified, normative statements are subjective and based on personal values or beliefs. For example, stating that the 'rate of inflation has increased' is a positive statement because it is a factual claim that can be tested by looking at inflation data. Similarly, saying that 'the money supply grew by 3% last year' is also a positive statement. On the other hand, asserting that the 'government should be reduced' is a normative claim because it goes beyond the facts to express an opinion about the way things should be. This aligns with the concepts of inflation and government's role in the economy. When discussing inflation, the concept that 'inflation is always and everywhere a monetary phenomenon' is recognized as a positive statement rooted in the historical correlation between money supply and inflation rates.
Weston's financial planning model shows assets are projected to increase by $2.7 million while liabilities and equity increase by $1.5 million. What is the external financing need (EFN)?
Answer:
The external financing requirement is $ 1.2 million.
Explanation:
The accounting equation is asset = liability +equity. In simple words any increase in one side of balance sheet (i.e asset) will result in increase in other side of balance sheet (i.e equity + liability) and vice versa.
So if assets are projected to increase by $ 2.7 million than equity and liability is also required to increase by same. As equity is increased by $ 1.5 million, the liability/external financing is calculated as follow
Asset = Liability + Equity
Liability = $ 2,700,000- $ 1,500,000
Liability = $ 1.2 million
a licensed agent must be appointed by an insurance company to solicit insurance in florida. the agent's license will terminate if a certain period of time elapses without being appointed. How long is this period of time?
Answer:
48 months
Explanation:
If an agent is not appointed in 48 months (2 years), the agent's license will be terminated and would need to apply to be an agent again.
Cheers.
Worldwide, the public today has more access to information and media choices than ever before. People can now interact freely over media and are no longer passive consumers. However, "more choice" does not necessarily mean ______________.
Answer:
Better Quality
Explanation:
Better Quality, it means that adhering to the good standards of the measure. As the Worldwide, the public have more access to the media as well as the information and have more choices.
And when there are number of choices available, then the people generally look for the more and more and forget regarding the standards of the quality where the they end up having not better quality or the best quality.
"In a mid-size company, the distribution of the number of phone calls answered each day by each of the 12 receptionists is bell-shaped and has a mean of 37 and a standard deviation of 7. Using the Empirical Rule (as presented in the book), what is the approximate percentage of daily phone calls numbering between 23 and 51?
Answer:
[tex] z= \frac{51-37}{7}=2[/tex]
[tex] z= \frac{23-37}{7}=-2[/tex]
So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.
So then we can answer this question like this:
[tex] P(23 <X<51)= P(-2< Z< 2) = 0.95[/tex]
Or 95%
Explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The empirical rule, also referred to as the three-sigma rule or 68-95-99.7 rule, is a statistical rule which states that for a normal distribution, almost all data falls within three standard deviations (denoted by σ) of the mean (denoted by µ). Broken down, the empirical rule shows that 68% falls within the first standard deviation (µ ± σ), 95% within the first two standard deviations (µ ± 2σ), and 99.7% within the first three standard deviations (µ ± 3σ).
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
For this case we know that the the random variable X represent the number of phone calls answered by each of the 12 receptionists is bell shaped with a mean [tex] \mu = 37[/tex] and a standard deviation of [tex]\sigma = 7[/tex].
And for this case we want to find this probability:
[tex] P(23 <X<51)[/tex]
And the best way to solve this is using the z score formula given by:
[tex] z = \frac{x-\mu}{\sigma}[/tex]
Because the z score quantifies how many deviation we are from the mean.
For the value fo 51 we have this:
[tex] z= \frac{51-37}{7}=2[/tex]
And for the 23 we got:
[tex] z= \frac{23-37}{7}=-2[/tex]
So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.
So then we can answer this question like this:
[tex] P(23 <X<51)= P(-2< Z< 2) = 0.95[/tex]
Or 95%
the is commonly used when examining a firm's debt position and is computed by dividing the operating profits by the interest expense
Answer:
the INTEREST COVERAGE RATIO is commonly used when examining a firm's debt position and is computed by dividing the operating profits by the interest expense
Explanation:
The interest coverage ratio is calculated by dividing earnings before interest and taxes (EBIT) by interest expenses.
This ratio is very useful because it gives an idea of how easy or difficult it is for a company to pay its current interest expenses.
An interest coverage ratio of 2 is the lowest threshold that separates financially stressed firms from healthy firms. The firm has enough earnings to pay its debts.
If the ratio is below 1, it means that the firm is not able to pay its interest expenses at all.
The Academic Computing Center provides training sessions to students and has an effective capacity of 2000 students. If the number of students who actually got trained is 1500, what is the efficiency of the system?
1. 90.25%
2. 1750 students
3. 75%
4. 55%
Answer:
3. 75%
Explanation:
Efficiency of the system = number of students who actually got trained (output)/effective capacity of students (input) ×100 = 1500/2000 × 100 = 0.75 × 100 = 75%
A transformative leadership style influences the effectiveness of group decision making. The rational group decision-making model is based on which of the following?1.Power, influence, negotiation, bargaining, and interest group influence2.Economic perspective of decision making and maximum utility3.Difficulty identifying and resolving problems due to ambiguity, complexity, and illogical step taking4.Use of standard operating procedures and guidelines
Answer:
The correct answer is 2
Explanation:
The rational group decision making model, is the one of the model which is based on the group for the decision making process. And if the problem persist or could not be identified correctly, then the group will face the problem as in the group every member might have a different definition of the problem.
Therefore, this model is grounded on the perspective of the economic for the decision making and the maximum utility.
Stewart wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3% rate of return. However, he would like to earn a higher return. Stewart should keep in mind that to earn a significantly higher return on his money he:________
Answer:
Stewart will probably have to accept a higher level of risk .
Explanation:
Hence, a large-risk investment is one in which the risks of failure, or of losing some or all of the asset, are greater than the average.
These opportunities often offer investors the ability for greater returns in exchange for embracing the degree of risk associated with that. In saving account he gets 3% rate of return but also gets a lower rate of risk and does not earn much.If he invests his money in higher-risk fields like shares, he may get a higher profit.
The nominal rate on Sarah’s loan is 7.250%. If the interest is compounded monthly, what rate of interest is Sarah actually paying? a. 7.250% b. 7.496% c. 7.510% d. 8.700% Please select the best answer from the choices provided A B C D
Answer:
b. 7.496%
Explanation:
Suppose the amount borrowed by the Sarah is $1,000 and its interest rate is 7.250% compounded monthly, the below mentioned amount will have to be paid by the Sarah after one year.
Amount to be paid after one year=1,000(1+7.250%/12)^12
=$1,074.96
Now we have to calculate the effective annual interest rate
interest rate=(1,074.96-1,000)/1,000=7.496%
So based on the above discussion and calculation, the answer is b. 7.496%
Answer:
b
Explanation:
Calculate depreciation for year 2 based on the following information: Historical cost $40,000 Useful life 5 years Salvage value $3,000 Year 1 depreciation $7,400 Multiple Choice
1. $7,000
2. $7,400
3. $8,000
4. $8,600
Answer:
2. $7,400
Explanation:
Depreciation is calculated by first establishing the depreciable value of an asset. Depreciable cost is Asset cost - Salvage value.
In the case: $40,000- $3000= $37,000
Under straight depreciation, depreciation is equal throughout the life of an asset.
For a five year use-life life, rate of depreciation = 1/5 x 100= 20 percent:
20% of $37,000= $7,400.00
If 1st depreciation is $7400, second-year depreciation will be $7400
The ________ form of PMO has a high level of control in managing organizational projects.
a. Controlling
b. Supportive
c. Directive
d. Authoritative
Answer:
c. Directive
Explanation:
PMO is an abbreviation for Project Management Office which refers to grouping and departmentalization in an organization with an object of maintaining standards with respect to accomplishment of projects.
Directive form of PMO is created with an objective to direct, control and manage project management office. Such a pmo assigns resources and issues directions and thus exercise a high level of control in managing organizational projects.
Directive PMOs monitor and supervise the activities of the staff and thus exercise high level of authority and control.
Which process is used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes?
Answer:
Project management
Explanation:
Project management- it is the approach of managing all the processes involves in constructing a large project. it include process like, planning, execution, quality control, etc. The main goal on which project management depends on is the completion of the project on time with a cost-effective approach.
The five main stages of project management are
- initiation
-planning
- execution
- monitoring of the project
- closing of the project