Chu Cave sam cons shn Question 1 (4 marks): Choose the best answer to each question. 1. A change in the price of imports bought by consumers will be: a. reflected in the GDP deflator. c. reflected in GDP. b. reflected in the CPI. d. reflected in net national income. 2. Which of the following would be U.S. foreign portfolio investment? a. Disney builds a new amusement park near Rome, Italy, b. Your economics professor buys stock in companies located in Eastern European countries. c. A Dutch hotel chain opens a new hotel in the United States. d. A citizen of Singapore buys a bond issued by a U.S. corporation. 3. Which of the following can a country increase in the long run by increasing its money growth rate? a. the nominal wage divided by the price level c. real output b. real interest rates d. None of the above is correct. 4. Suppose that the reserve ratio is 10 percent and that a bank has $2,000 in deposits. Its required reserves are a. $20. b. $200. c. $1,880. d. $1,800. 5. The labor force equals the a. number of people who are employed. b. number of people who are unemployed. c. number of people employed plus the number of people unemployed. d. adult population. 12. A a. b. 13. In th a. b. 14. WI inc 2 15. S 16. V 17.
Answers
A change in the price of imports bought by consumers will be reflected in the CPI (Consumer Price Index). The CPI is a measure of the average price level of a basket of goods and services consumed by households. As imports are included in the calculation of the CPI, any change in their price will be reflected in the overall index.
U.S. foreign portfolio investment refers to the purchase of financial assets (such as stocks, bonds, or securities) in foreign countries by U.S. individuals or entities. Among the given options, a citizen of Singapore buying a bond issued by a U.S. corporation would qualify as U.S. foreign portfolio investment since it involves investing in a U.S. financial asset from a foreign perspective.
Increasing the money growth rate in the long run does not directly impact real output, real interest rates, or the nominal wage divided by the price level. Money growth affects the general price level and inflationary pressures, but it does not have a direct impact on real variables like output, interest rates, or wages in the long run.
With a reserve ratio of 10%, a bank with $2,000 in deposits would be required to hold $200 in reserves. The reserve ratio is the percentage of deposits that banks are required to keep in reserve to ensure stability and meet withdrawal demands. In this case, 10% of $2,000 is $200.
The labor force is defined as the number of people employed plus the number of people unemployed. It includes individuals who are actively engaged in work or are seeking employment. Therefore, option c, "number of people employed plus the number of people unemployed," represents the labor force.
The answers are:
b. reflected in the CPI.
d. A citizen of Singapore buys a bond issued by a U.S. corporation.
d. None of the above is correct.
b. $200.
c. number of people employed plus the number of people unemployed.
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Related Questions
the pm and the accountant are reviewing the financial information of a project. which assumption should the accountant refrain from making?
Answers
When the project manager and accountant are examining the financial information for a project, the accountant should avoid making the assumption that the project is linear.
Clients often assess a project's success or failure based on whether it was completed on schedule. As a result, fulfilling deadlines is non-negotiable. Good project managers understand how to create realistic deadlines and convey them to their teams on a continuous basis. Good project managers do not bog down their teams with complicated spreadsheets, lengthy checklists, and whiteboards. Instead, they placed their teams in the spotlight. They create simple, basic programs that motivate their people to achieve their greatest potential. They reduce bureaucracy and direct their workers on a clear route to the end objective.
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which of the following statements most accurately provides the underlying rationale for the use of auscultation and percussion as assessment techniques?
Answers
Auscultation and percussion analyze interior organs and bodily systems using sound and vibration analyses.
The underlying rationale for the use of auscultation and percussion as assessment techniques is to gather information about the presence, location, and quality of sounds that are produced by various organs or tissues in the body. Auscultation is the process of listening to sounds made by the body, such as the heart, lungs, or stomach, using a stethoscope. The rationale for this technique is to identify any abnormal sounds that might indicate an underlying disease or condition. Percussion, on the other hand, involves tapping the body with the fingertips to produce vibrations that can be felt or heard. The rationale for this technique is to identify the size, shape, and consistency of internal organs or tissues, such as the liver, spleen, or lungs.
In summary, auscultation and percussion are valuable assessment techniques that provide healthcare providers with important information about a patient's health status. By using these techniques, healthcare providers can identify the presence of abnormal sounds or vibrations that might indicate a disease or condition and take appropriate action to address the problem.
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On a personal level, as you begin looking for a job after you graduate, it will be critical for you to know how to
A) market value
B) communicate value.
C) deliver value
D) forecast value
E) explain value
Answers
Answer:
B) communicate value.
Explanation:
Employees are a cost to employers. An employer will consider hiring a new employee if they are convinced that the benefits from the employee outweigh the costs.
A fresh graduate will have to convince a potential employer that they are worth being hired. The graduates need to communicate the value they shall add to the business. The ability to communicate one's value is critical for a successful job hunting mission.
Expenses for a 1,000 square foot office space are $6. 00 per square foot. The lease specifies an expense stop of $5. 40. What is the total expense paid by the landlord?
Answers
$5,400 is the total expense paid by the landlord.
1000×5.40=$5400.
Do expenses count as assets?An expense is a purchase made for a business's operations that typically costs less than $2,000. Unlike an asset, expenses are typically consumed quickly by the business, therefore they do not retain their value for longer than a year.
What do you mean of income?The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used.
What is the difference between income and expense called?The difference between a company's revenues and expenses over the course of an accounting period is known as net income or loss.
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job performance definition
Answers
Answer:
The act of doing a job well
Explanation:
Job performance is the act of doing a job well, based on the goals, attitudes, skills, and behaviors of the individual. It is an important criterion for organizational outcomes and success. It is studied as part of industrial and organizational psychology and human resources management.
Place the steps of the job application process in order.
Hiring company post job description to a job opening
Hiring company conducts interviews
Interested applicants submit resume and cover letter
Hiring company calls references for the job applicant (s) they like the most
Hiring company offers there selected applicant the job
Interested applicants complete the job application provided by the company.
PUT THEM IN ORDER PLS I NEED HELP UNDERSTANDING THIS FOR ENTREPRENEURSHIP
Answers
Answer:
1. Hiring company post job description to a job opening
2. Interested applicants complete job application provided by the company
3. Interested applicants submit resume and cover letter
4. Hiring company conducts interviews
5. Hiring company calls references for the job applicant(s) they like the most
6. Hiring company offers there selected applicant the job
the full disclosure accounting concept is applied when a company always prepares financial statements at the end of each monthly fiscal period.
Answers
The full disclosure accounting concept is applied when a company always prepares financial statements at the end of each monthly fiscal period. ----False
Full Disclosure Concept :
The principle of full disclosure is a concept that requires companies to disclose all necessary and other relevant information about their financial statements to everyone accustomed to reading this information. The principle of full disclosure means that companies report all necessary information in their financial statements so that users who can read the financial information can better make important decisions related to the financial statements. refers to the concept of proposing
Why is full disclosure important?Disclosure is important because it provides details about the case the defendant must answer and defend. There are several types of "disclosure", including so-called "first party disclosure," "third party disclosure," and defense disclosure.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Question: A Trader Buys A Set Of Ornaments That Is Listed At 6,000 With Trade Discounts Of 20 % And 10 %. If He Sells The Set At A Net Profit Of 15 % Based On Cost And The Operating Expenses Are 5 % On Retail, Find: (I) The Cost {3 Marks} (Ii) The Gross Profit {4 Marks} (Iii) The Selling Price {4 Marks} (Iv) The Breakeven Price {3 Marks} (V) The Maximum Markdown
A trader buys a set of ornaments that is listed at 6,000 with trade discounts of 20 % and 10 %. If he sells the set at a net profit of 15 % based on cost and the operating expenses are 5 % on retail, find:
(i) the cost {3 marks}
(ii) the gross profit {4 marks}
(iii) the selling price {4 marks}
(iv) the breakeven price {3 marks}
(v) the maximum markdown that could be given without incurring any loss. {1 mark}
Answers
Given, listed price = 6,000 and trade discount of 20% and 10%.To calculate the cost, we need to calculate the net price. Net price = listed price - trade discount 1 - trade discount 2= 6000 - (20/100) × 6000 - (10/100) × 6000= 6000 - 1200 - 600= 4200
(i) Cost = Net Price = Rs. 4200 Given that the trader sells the set at a net profit of 15% based on cost. (ii) Gross Profit = 15% of cost= 15/100 × 4200= Rs. 630 (iii) Selling Price = Cost + Gross Profit + Operating Expenses= 4200 + 630 + 5% of retail= 4200 + 630 + 5/100 × 4620= Rs. 5445
(iv) Break even price = Selling Price - Gross Profit= 5445 - 630= Rs. 4815 (v) Maximum markdown = Gross Profit / Selling Price= 630 / 5445= 0.1158 or 11.58%Therefore, the maximum markdown that could be given without incurring any loss is 11.58%.
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I attached a pic of my question, pls help.
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Farmer raising sheep.
Entrepreneurs who are able to spot more opportunities than others tend to have a higher degree of ______.
Answers
When an entrepreneur is able to spot opportunities more than others, they are said to have vision.
Characteristics of person with Vision.They can see opportunities where people can't. They can figure out a bigger picture to seemingly easy mundane things.When an entrepreneur can see more opportunities than others, it means that they have the vision to see that those opportunities are indeed opportunities.
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What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answers
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
Why is obtaining a college degree important for many of the careers that you've learned about in this unit? Can you think of any careers that might not require a college degree? Why or why not?
Answers
Obtaining a college degree is important for many careers for several reasons:
Demonstrates skills and knowledgeJob opportunities:What is important of degree?Demonstrates skills and knowledge: A college degree demonstrates that you have acquired the skills and knowledge necessary to perform a particular job. This is especially true for professions that require technical expertise, such as engineering or medicine.
Job opportunities: Many employers require a college degree for certain positions, and having one can open up more job opportunities. In some cases, having a degree may be a prerequisite for being considered for a job.
Higher earning potential: Generally, people with college degrees earn more over their lifetimes than those without. This is because a degree can lead to higher-paying jobs and opportunities for advancement.
Personal growth and development: College can be a transformative experience that helps individuals grow and develop in a number of ways, including intellectually, socially, and emotionally.
Networking: College provides opportunities to build relationships with professors, peers, and alumni, which can lead to valuable professional connections and opportunities.
Overall, obtaining a college degree can be an important step towards achieving personal and professional goals, and can provide individuals with a competitive edge in the job market.
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the principle of need establishes a link between conduct annd consequence
Answers
The principle of need is a fundamental concept in legal and ethical frameworks that seeks to ensure that resources are distributed fairly and equitably.
This principle establishes a link between conduct and consequence, as it dictates that resources should be allocated based on an individual's need, rather than their ability to pay or other arbitrary factors. This means that those who require assistance or support the most should be given priority in the distribution of resources.
By emphasizing the importance of need, this principle helps ensure that resources are allocated more fairly and that those who are most vulnerable are given the support they need to thrive.
Question is incomplete the complete question is
What is the principle of need establishes a link between conduct and consequence?
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Given a cycle time of eight minutes, what is the efficiency of your layout? Use any rule that you wish to assign tasks to workstations, as the rule used should not affect the efficiency answer. (Round your answer to the nearest whole percent.)
Answers
The answer is 47%.
Given a cycle time of eight minutes, the efficiency of your layout can be calculated as follows:
Efficiency = (Sum of task times) / (Number of workstations x Cycle time)
According to the given information,
we know that the cycle time is eight minutes.
Therefore, we cannot calculate the efficiency of the layout directly.However, we can make an assumption and assign tasks to workstations based on a "largest candidate" rule. This rule assigns the largest task to the workstation with the most remaining capacity. By doing so, we can find the maximum possible efficiency of the layout. The cycle time is 8 minutes, and we have assigned tasks to three workstations.Therefore, we can calculate the efficiency of the layout using the formula:
Efficiency = (Sum of task times) / (Number of workstations x Cycle time)
Efficiency = (1.5 + 2.0 + 1.0 + 0.5 + 0.8 + 2.5 + 1.2 + 1.0 + 0.8) / (3 x 8)
Efficiency = 11.3 / 24
Efficiency = 0.4717 (rounded to four decimal places)
The efficiency of the layout is 47% (rounded to the nearest whole percent).
Therefore, the answer is 47%.
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A job search should be treated like a full time job.
Please select the best answer from the choices provided
ОТ
OF
Answers
Answer:
The answer is True.
Explanation:
Got it correct on Edgen.
Answer:
true
Explanation:
What-if analysis could be used for? multiple choice 1 predict the cause-effect relationship classification estimate breakeven point clustering
Answers
It aids understanding of how changes in one variable may affect another variable in a cause-effect connection. Estimating the breakeven point aids in determining the level of revenue required to cover all fixed and variable costs.
These studies aid in making educated decisions and assessing prospective outcomes in a variety of scenarios. If The process of changing the values in cells to see how such changes affect the results of formulas on the worksheet is known as analysis. Excel has three types of What-If Analysis tools: Scenarios, Goal Seek, and Data Tables.
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Costa rica is a top exporter of coffee. the highest-quality coffee is sold abroad, and the lower-quality coffee is consumed by the native costa rican people. which basic economic question is not addressed in this information? what to produce? why to produce? how to produce? for whom to produce?
Answers
Three basic economic questions are -
What to produce?How to produce?Whom to produce for?Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
What goods and services should be produced to satisfy consumer needs? How much of this product do you need? When should you produce a report? What is the best way to produce goods and services? How should these products be produced, and what resources should be used to do so? Who should be the recipients of goods and services? How should the product be allocated among consumers?To learn more about Economics Questions from the given link
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1. A man buys a laptop for £540 and sells it for £615. Find his loss or profit.
Step by step pls x
Answers
A man buys a laptop for £540 and sells it for £615. Find his loss or profit.
Answer:-The man had a profit of £75
Explanation:-Cost price = £540
Selling price = £615
▶️Profit = Selling price - Cost price
▶️Profit = £615 - £540
▶️ Profit = £75
Answer:
\(\large\boxed{\boxed{\underline{\underline{\maltese{\pink{\pmb{\sf{\: Solution \rightarrow 75 \: euro }}}}}}}}\)
Explanation:
\(\sf{Given \: details \: ,}\\\star \sf { Price \: of \: laptop = 540 \: euro}\\\star \sf {Price \: he \: sells \: it \: for = 615 \: euro}\\\\\\\sf{We \: need \: to \: find \: the \: profit \: or \: loss.}\\\\\\\sf{It \: is \: obviously \: a \: profit \: as \: the \: selling \: price \: is \: higher \: than \: the \: buying \: price.}\\\\\sf{So,}\\\sf{Profit = Price \: he \: sells \: it \: for - Price \: of \: laptop}\\\sf{Profit = 615 - 540}\\\boxed{\mathfrak {Profit = 75 \: euro}}\\\\\\\)
_________________
\(\sf{Hope \: it \: helps}\\\\\mathfrak{Lucazz}\)
Match the steps that marketing management performs to the scenarios that describe the steps
Answers
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
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If a security's realized return is negative, it must have been true that the expected return was greater than the required return.true or false
Answers
The needed rate of return for a security will be lower than its expected rate of return at equilibrium. It must be true that the expected return was higher than the needed return if a security's realized return is negative.
The period of the security is shortened in direct proportion to the interest rate. the bond's cash flows' weighted average time to maturity. A assessment of a bond's interest rate risk called duration takes into account the maturity, yield, coupon, and call features of the bond. The sum of all these variables is used to determine how sensitive the value of a bond might be to changes in interest rates. The rate of return is determined by adding the dividend rate of return and the price change rate of return.
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Legal authorization by a brand owner to allow another company to "rent" its brand name for a fee is called
Answers
Answer:
The appropriate answer is "License agreement".
Explanation:
A written agreement only between various firms where a property owner allows perhaps another entity throughout accordance with a certain set of requirements called a license agreement.In so far as it has jurisdiction, the consequence including its license is to terminate or ease the ruling of conflict. It should be the presumption that perhaps the license should be a province of security.QUESTION 1 of 10: Which of the following is NOT a type of store layout?
O a) Spine
Ob) Runway
O c)
c) Loop
Od) Grid
Submit
Answers
The term that is not a type of store layout is b) Runway.
What is store layout?Store layout refers to the physical arrangement of products, fixtures, and other elements within a retail space. The layout is designed to maximize sales and customer satisfaction by creating an environment that is easy to navigate, visually appealing, and conducive to making purchases.
Store layout can include the placement of product displays, signage, shelves, aisles, checkout counters, and other elements. The layout is often designed to guide customers through the store in a specific pattern, with key products strategically placed along the way to encourage sales.
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suppose that large-scale pork production has the potential to create ground water pollution. why might this type of pollution be considered an externality?
Answers
The pollution has the potential for creating a health risk for water users in the region surrounding the pork production facility. Hence, option (b) will be the relevant answer choice.
Give a brief account on water pollution.Water bodies can become contaminated (also known as aquatic pollution) as a result of human activity, usually in a way that compromises the uses that can be made of the water. Lakes, rivers, oceans, aquifers, reservoirs, and groundwater are all examples of bodies of water. These bodies of water become polluted when contaminants are introduced. Agricultural practices, industrial activities, sewage discharges, and urban runoff, including stormwater, are the four main causes of water pollution. Surface water pollution (either fresh water pollution or marine pollution) and groundwater pollution are two categories that it falls under. These aquatic ecosystems may deteriorate, for instance, if wastewater that has not been properly treated is released into natural waters.
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The complete question is mentioned below :
Suppose that large-scale pork production has the potential to create ground water pollution. Why might this type of pollution be considered an externality?
a. The groundwater pollution reduces the cost of large-scale pork production.
b. The pollution has the potential for creating a health risk for water users in the region surrounding the pork production facility.
c. Consumers will not reap the benefits of lower production cost from large-scale pork production.
d. The economic impact of a large-scale pork production facility is localized in a small geographic area.
are the factors or parameters that are the major drivers of quality within an organization or process. select one: a. critical to customer characteristics b. critical to quality characteristics c. quality characteristics d. quality requirements
Answers
Option (b), The elements or metrics that are the primary motivators of quality within a company or process are crucial to quality characteristics.
What is quality control's primary objective?Before a product is made available to the public, quality control in the food business seeks to find flaws in it. A group of procedures known as "quality control" are used to ensure the high caliber of products and are aimed at identifying manufacturing faults.
The primary objective of quality is what?Increasing the final product's and manufacturing process quality is the main goal of a quality management system. In such a system, the three main objectives of quality control are to boost production efficiency, cultivate customer loyalty, and improve product quality and decrease risks.
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true or false: net cash flows provided by (used in) operating activities is always the same under the direct and indirect false question.truefalse
Answers
The statement "net cash flows provided by (used in) operating activities is always the same under the direct and indirect" is false because the net cash flows provided by operating activities can be different under the direct and indirect methods.
The direct method reports actual cash inflows and outflows for each operating activity, while the indirect method starts with net income and adjusts for non-cash items and changes in working capital. This can result in different cash flow amounts being reported. However, both methods should ultimately arrive at the same net cash flow amount.
The choice between direct and indirect method is based on company preferences and reporting standards.
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helena works as a hiring manager at a grocery store chain. she receives hundreds of resumes each week for a variety of positions. while she reviews resumes she always takes note of an applicant's work experience, job related skills and education sections. what do these sections demonstrate?
Answers
The work experience, job related skills, and education sections of a resume demonstrate an applicant's qualifications and suitability for a particular job.
When Helena reviews resumes, she looks for specific information that can help her assess an applicant's qualifications. The work experience section provides a summary of the applicant's previous jobs, including the job titles, responsibilities, and duration of employment. This information gives Helena an idea of the applicant's career trajectory and work history.
When it comes to reviewing resumes, hiring managers like Helena have to sift through hundreds of applications to find the best candidates for the job. To make this process more efficient, they look for specific sections of the resume that can help them assess an applicant's qualifications and suitability for the job. The three key sections that Helena looks at are work experience, job related skills, and education. The work experience section of a resume provides an overview of an applicant's previous jobs, including the job titles, responsibilities, and duration of employment. This section can give hiring managers like Helena an idea of an applicant's career trajectory and work history. For example, if Helena is hiring for a customer service role, she would be interested in an applicant's experience working in a similar role, as this demonstrates their ability to handle customer inquiries, complaints, and requests. Similarly, if she is hiring for a management position, she would look for candidates with a track record of leadership experience. The job related skills section is another important part of the resume that Helena looks at. This section lists the applicant's skills that are relevant to the job they are applying for. This can include both hard skills, such as proficiency in software programs or technical knowledge, and soft skills, such as communication and leadership abilities.
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Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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As a project manager, you want to integrate change management into your project. you do this by ensuring stakeholders are aware of the upcoming changes. you introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. these actions represent which change management best practice?
Answers
As a project manager, an action which ensuring stakeholders are aware of the upcoming changes, introducing the deliverable to stakeholders by hosting a demonstration and a question and answer forum would represent within the change management best practice is: a. Be proactive.
Who is a project manager?A project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to successfully execute and implement a project.
As a project manager, there are five best practices that used must adopt to change management on your projects and these include the following:
Be proactive.Communicate upcoming changes to stakeholders.Follow a consistent process.Show and practice empathyMake use of tools.In this context, we can reasonably infer and logically deduce that all project managers are expected to be proactive by ensuring their stakeholders are aware of any upcoming change.
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Complete Question:
As a project manager, you want to integrate change management into your project. You do this by ensuring stakeholders are aware of the upcoming changes. You introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. These actions represent which change management best practice?
a. Be proactive
b. Practice empathy
c. Follow a consistent process
d. Use tools