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NEW QUESTION: 1
A manager in your organisation says, "I have spare capacity and I need a unit cost as a basis for pricing a special one-off contract. You have provided me with a relevant cost of $6.50 per unit and a full production cost of $8.00 per unit. Please explain which unit cost I should use." Which cost should be used in this decision and why?
A. The relevant cost because it represents the cash flows that will be affected if the contract is accepted.
B. The full production cost because it is important to ensure that all costs are covered by the selling price.
C. The full production cost because it will be used in the financial accounting reporting system.
D. The relevant cost because it is the lower unit cost.
Answer: A
NEW QUESTION: 2
An input of the Plan Procurement Management process is:
A. Procurement documents.
B. Seller proposals.
C. Activity cost estimates.
D. Make-or-buy decisions.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
7.2.3.1 Activity Cost Estimates
Activity cost estimates are quantitative assessments of the probable costs required to complete project work. Cost estimates can be presented in summary form or in detail. Costs are estimated for all resources that are applied to the activity cost estimate. This includes, but is not limited to, direct labor, materials, equipment, services, facilities, information technology, and special categories such as cost of financing (including interest charges), an inflation allowance, exchange rates, or a cost contingency reserve. Indirect costs, if they are included in the project estimate, can be included at the activity level or at higher levels.
Process: 12.1 Plan Procurement Management
Definition: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
Key Benefit: The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it.
Inputs
1. Project management plan
2. Requirements documentation
3. Risk register
4. Activity resource requirements
5. Project schedule
6. Activity cost estimates
7. Stakeholder register
8. Enterprise environmental factors
9. Organizational process assets
Tools & Techniques
1. Make-or-buy analysis
2. Expert judgment
3. Market research
4. Meetings
Outputs
1. Procurement management plan
2. Procurement statement of work
3. Procurement documents
4. Source selection criteria
5. Make-or-buy decisions
6. Change requests
7. Project documents updates
NEW QUESTION: 3
A. Option A
B. Option C
C. Option D
D. Option B
Answer: A
NEW QUESTION: 4
You are working with multiple interfaces.
Which four objects/items are shared across interfaces? (Choose four.)
A. Profiles
B. Business Rules
C. Reports
D. Navigation Sets
E. Configuration Settings
F. Staff Accounts
G. Workspaces
H. Custom Objects
Answer: A,D,F,G