Answers
Answer:
consumer surplus
Explanation:
The consumer surplus is the difference between the price a consumer is willing to pay and the price paid.
Related Questions
EXERCE1 Diffrentiate the legelities of private law and public law.
Answers
The main difference between the two is that private law deals with the relationships between individuals, while public law deals with the relationship between individuals and the state.
Private law covers matters such as contracts, property rights, and torts. It provides a framework for individuals to conduct their personal and business affairs, ensuring that everyone is held accountable for their actions. Private law is enforced through the civil courts, where individuals can seek redress for any wrongs that have been committed against them.
Public law, on the other hand, deals with matters that affect society as a whole. It includes constitutional law, administrative law, and criminal law.
Public law sets out the rules and regulations that govern the relationship between individuals and the state, as well as the relationship between different branches of government. It is enforced through the criminal justice system, where individuals can be prosecuted for breaking the law.
In summary, the main difference between private law and public law is that private law governs the relationship between individuals, while public law governs the relationship between individuals and the state. Both are essential for maintaining order and ensuring that everyone is held accountable for their actions.
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Determine the missing amounts in each of these four separate situations a through d.
a
b
с
d
$
2,816
625 $
4.375
3,313 $
11,264
11,864
Supplies available-prior year-end
Supplies purchased during current year
Total supplies available
Supplies available-current year-end
Supplies expense for current year
5.000
14,577
(1,075)
(3,296)
22,296
(800)
12,439
3,013
Answers
The determination of the missing amounts in each of these four separate situations, a through d, is as follows:
a b c d
Supplies available-prior year-end $2,816 $625 $4,375 $3,313
Supplies purchased (current year) 11,264 11,864 5,000 14,577
Total supplies available $14,080 $12,489 $9,375 $17,890
Supplies available-current year-end (1,075) (3,296) (800) (12,439)
Supplies expense for current year $13,005 $9,193 $8,575 $5,451
What are end-of-year adjustments?
The end-of-year adjustments are the changes made to the items of the balance sheet and income statements to ensure that the year-end financial reports accurately reflect the company's accounts in accordance with the accrual concept and the matching principle of US GAAP.
Thus, the missing amounts have been determined, but note that the amounts may not be accurate because the question was not complete.
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An online streaming service sells movie rentals for $5.99 to its American shoppers. A large American chain store sells a physical copy of the same movie for $5.99. Which of the following is a possible reason that the online streaming service could expect to rent a movie for the same price that it could be purchased for somewhere else?(1 point)
a. Government intervention on maximum prices is the most common cause of abnormal market pricing. In general, the government will set a maximum on the prices of common goods. The retailer selling the movie might like to charge more but may not be able to.
b. Lack of knowledge is an important factor in determining market prices. Retailers almost always assume that shoppers don't look around for a bargain and will generally charge whatever price they want.
c. Location is an important factor in determining market prices. For the online streaming service, the buyer doesn't even have to leave his or her home, while the physical copy would need to be picked up at the store. The online retailer can charge the same price for a lesser product because the retailer is conveniently located for the consumer.
d. Government intervention on minimum prices is the most common cause of abnormal market pricing. In general, the government will set a minimum on the prices of common goods. The online retailer renting the movie might like to charge less but may not be able to.
Answers
Answer:
C
Explanation:
You can often sell less of product for more money if convenience is added to the product value.
for example, you I to gas station & pay more for a 20oz soda than our do a 2liter. you're getting way less soda for twice the amount. you are paying for the convenience of not carrying around a 2 liter
This chapter is all about trade--imports and exports and the balance of payments.
Answers
Select the correct answer from each drop down menu Benny has written the following rough draft for school choose the correct way to complete each sentence an agency law is a contract for an ___ who acts on behalf of a company government or an individual called the ___ the relationship formed due to the contract between an agent and the principle is called in ____ relationship
Answers
An agency law is a contract for an agent who acts on behalf of a company, government, or an individual called the principal. The relationship formed due to the contract between an agent and the principle is called an agency relationship.
In an agency relationship, the agent acts on behalf of the principal with their authority. The agency relationship can be created through express agreement, implied agreement, or by ratification. Express agreement is when both parties clearly express their intention to enter into an agency relationship. Implied agreement is when the actions of both parties indicate that they have an agency relationship.
Ratification is when the principal accepts the actions of an individual as their agent, even if they did not originally intend to create an agency relationship. In an agency relationship, the agent has a fiduciary duty to act in the best interests of the principal. This duty includes loyalty, obedience, and disclosure of information.
Overall, an agency relationship is an important legal concept that allows individuals or companies to act on behalf of others. Understanding the responsibilities and duties of both parties in an agency relationship is crucial to ensuring a successful partnership.
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which of the following would likely be considered costs, as opposed to benefits, to people purchasing a new car?
Answers
Interest payments for the car's loan would likely be considered costs, as opposed to benefits, to people purchasing a new car.
What is car's loan?
In exchange for them paying a dealership so that you can purchase a car, you agree to repay a lender over a predetermined term, usually three to six years. The lender makes money when you pay more than you borrowed in most cases. Your credit score has a significant impact on how much extra you pay. When taking out a loan, the borrower commits to paying it back in full by the due date, usually by making monthly payments, together with any interest. The majority of the policies and procedures governing other loans also apply to car loans.
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Suppose the government imposes a tax on cheese. The deadweight loss from this tax will likely be greater in the:a) first year after it is imposed than in the eighth year after it is imposed because demand and supply will be less elastic in the first year than in the eighth year. b) first year after it is imposed than in the eighth year after it is imposed because demand and supply will be more elastic in the first year than in the eighth year. c) eighth year after it is imposed than in the first year after it is imposed because demand and supply will be less elastic in the first year than in the eighth year. d) eighth year after it is imposed than in the first year after it is imposed because demand and supply will be more elastic in the first year than in the eighth year.
Answers
Answer:
c) eighth year after it is imposed than in the first year after it is imposed because demand and supply will be less elastic in the first year than in the eighth year.
Explanation:
Tax increases the price of a good.
Dead weight loss is reduction in efficiency as a result of taxation.
Demand and supply is usually less elastic in the short run when compared to the long run. I the short run, consumers and producers don't have enough time to search for suitable substitutes.
So in the short run, there would be little or no change in demand or supply but in the long run, consumers would be able to search for more subsituites so the deadweight loss would be greater.
I hope my answer helps you
TIME REMAINING
53:22
Which of these is a banking activity of the Fed?
printing money
regulating securities markets
storing money for banks
funding government programs
Answers
Answer:
C
Explanation:
Answer:
C
Explanation:
It is important to understand your new company culture because _____. a. your boss will test you on it b. your pay will increase if you know it c. it is more ethical to know it d. it will help orient you to your workplace
Answers
Answer: d. it will help orient you to your workplace
Explanation:
Company culture can simply be defined as the goals, characteristics and shared values, that define an organization.
Company culture is vital in organizations as it provides positive, and fun ways for the workers which is vital in enhancing their personal and professional development. It's also vital as it will help orient workers to their workplace.
Answer:
D
Explanation:
It will help orient you to your workplace
If the supply of a good increased, what would be the effect on the equilibrium price and quantity?
Answers
Answer:
An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.
If supply increases while all other factors remain constant, the equilibrium price will fall. The quantity demanded will rise. A decrease in supply raises the equilibrium price while decreasing the quantity demanded.
What is supply?Supply is a fundamental economic concept that describes the total amount of a specific good or service that consumers have access to.
If displayed on a graph, supply can refer to the amount available at a specific price or the amount available across a range of prices. Changes in the supply curve shift the equilibrium price and quantity. If supply grows, equilibrium price falls and quantity grows.
Therefore, an increase in the supply will cause a reduction in equilibrium price and an increase in the quantity of a good.
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If productivity increases significantly and demand is not very elastic, what is likely to happen?
A.
The number of consumers will increase.
B.
Fewer workers will be needed.
C.
Division of labor will decrease.
D.
Demand will increase.
Answers
Answer:
B
Explanation:
:)
Suppose that you are in charge of hiring a new employee for your firm. You have to decide between two persons. One is a person with many years of experience in a company very similar to yours who has only a high school education. The other person is a recent university graduate with a degree in a field closely related to your company's business. Which person would you choose? Discuss.
Answers
Answer:
The one with many years ofexperience
Explanation:
1 experience
2 knows the job
3 proven to be dependable hence the many years of experience
-At which point are you producing all running shoe
inserts and no hiking boot inserts?
-Which production point would be a goal for the future
but cannot be attained now?
Answer is A,X
Answers
Answer:
the guy above is right trust me (kid in all cp classes)
Explanation:
but yea he is correct
What should you do when you open a checking account?
A) Open a savings account and link it to your checking account.
B)Try to sign up for true overdraft protection, even though you have to pay
for it.C. Both A and B.
Answers
Answer: both a and b
Explanation:
You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
Answers
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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The fact that generally accepted accounting principles allow companies flexibility in choosing between certain allocation methods can make it difficult for a financial analyst to compare periodic performance from firm to firm. Suppose you were a financial analyst trying to compare the performance of two companies. Company A uses the double-declining-balance depreciation method. Company B uses the straight-line method. You have the following information taken from the 12/31/2021 year-end financial statements for Company B:
Income Statement
Depreciation expense $12,500
Balance Sheet
Assets:
Plant and equipment, at cost $125,000
Less: Accumulated depreciation (50,000)
Net $75,000
You also determine that all of the assets constituting the plant and equipment of Company B were acquired at the same time, and that all of the $125,000 represents depreciable assets. Also, all of the depreciable assets have the same useful life and residual values are zero.
Required:
a. In order to compare performance with Company A, estimate what B's depreciation expense would have been for 2021?
b. If Company B decided to switch depreciation methods in 2021 from the straight line to the double-declining-balance method, prepare the 2021 journal entry to record depreciation for the year
Answers
Answer:
a. Company B's depreciation expense for 2021 is $12,800
b. Accumulated Depreciation (Dr.) $23,800
Plant and equipment (Cr.) $23,800
Explanation:
The depreciation expense of 2021 will be $12,800. The cost of plant and equipment is $125,000.
Depreciation 2018 : $125,000 * 10% = 12,500 * 2 = $25,000
2019 : $125,000 - $25000 = $100,000 * 10% * 2 = $20,000
2020: $100,000 - $20,000 = $80,000 * 10% * 2 = $16,000
2021 : $80,000 - $16,000 = 64,000 * 10% * 2 = $12,800
Due to use, wear and tear, or obsolescence, the monetary worth of an object decreases with time. Depreciation is the term used to describe this reduction.
A.Company B's depreciation expense for 2021 is $12,800
B. Accumulated Depreciation (Dr.) $23,800
Plant and equipment (Cr.) $23,800
Solution:-
The depreciation expense of 2021 will be $12,800. The cost of plant and equipment is $125,000.
Depreciation 2018 : $125,000 * 10% = 12,500 * 2 = $25,000
2019 : $125,000 - $25000 = $100,000 * 10% * 2 = $20,000
2020: $100,000 - $20,000 = $80,000 * 10% * 2 = $16,000
2021 : $80,000 - $16,000 = 64,000 * 10% * 2 = $12,800
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AK Inc. is paying 5% coupon rate for its bondholders over the next 8 years. Your required rate of return is 7 percent, how much this bond worth?
Answers
Answer: $880.57
Explanation:
Assuming Par value of bond is $1,000.
Value of bond = (Coupon * Present value interest factor of annuity, no. years, required return) + Par Value/ (1 + required return)^ no. of years
Coupon = 5% * 1,000 = $50
Value of bond = (50 * 5.9713) + 1,000 / (1 + 7%)⁸
= 298.565 + 582
= $880.57
Production is an example of a marketing activity.
Question 1 options:
True
False
Answers
yêu cầu về sự tuân thủ quy trình chuẩn mực chuyên môn nghề nghiệp
Answers
Answer:
Các chuyên gia về tuân thủ và đạo đức (CEP) hiểu rằng các dịch vụ chúng tôi cung cấp yêu cầu các tiêu chuẩn cao nhất về tính chuyên nghiệp, tính chính trực và năng lực. Thực hiện các chính sách, thủ tục và tiêu chuẩn ứng xử bằng văn bản. Chỉ định một nhân viên tuân thủ và ủy ban tuân thủ. Thực hiện đào tạo và giáo dục hiệu quả.
Explanation:
Wheat is one of the most important farm products in the United States. Many farmers grow wheat. Many companies buy wheat for breakfast cereals, bread, flour, and other products. Wheat is a commodity—the same product no matter who grows it. Information about wheat output and prices is widely available. In any given year, farmers may grow wheat or some other crop. Buyers may switch to other grains if wheat prices rise too high. Is this an example of perfect competition? Why or why not?
Answers
Yes, this is an example of perfect competition because there are many farmers growing wheat and many companies buying it. Wheat is a homogeneous product, meaning that it is the same no matter who grows it, and information about wheat output and prices is widely available.
This means that buyers have perfect information about the market and can easily switch to other grains if wheat prices rise too high. Additionally, there are no barriers to entry or exit for farmers or buyers, so new farmers and companies can easily enter the market and compete with existing ones.
Furthermore, since wheat is a commodity, the price is determined by the market forces of supply and demand. This means that no single farmer or company has control over the price, and they must all accept the market price. The market price reflects the marginal cost of production for each farmer, ensuring that resources are allocated efficiently.
In conclusion, the wheat market is a good example of perfect competition due to the large number of farmers and buyers, homogeneous product, perfect information, no barriers to entry or exit, and price determined by market forces.
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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What is market segmentation in marketing with example?
Answers
Market segmentation, in marketing, is the division of a broad target market into more focused groups based on shared characteristics, tendencies, requirements, or preferences.
Market segmentation in marketing with example.In marketing, market segmentation refers to the process of breaking up a large target market into more narrowly defined segments based on shared traits, tendencies, needs, or preferences. Identification of various market segments is necessary in order to target them with specialized marketing techniques and messages.
Think about a business that sells athletic shoes. They choose to use market segmentation to find particular segments with varied wants and preferences when it comes to athletic shoes rather of targeting the full market of potential clients.
The corporation can effectively target these niche markets with goods and advertising messages that speak to their particular needs and preferences by using market segmentation. Their chances of succeeding in the market are eventually increased by being able to customize their product offers, pricing, promotional techniques, and distribution networks to each segment.
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identify and explain two benefits to a company of offering fringe benefits to its managers
Answers
Some of the benefits to a company that offers fringe benefits to their managers are:
Better motivated managers Less employee turnover rates How are fringe benefits meant to motivate employees?The main point of offering fringe benefits is to reduce the stress that employees might feel either in their personal or work lives. The hope is that with these stressors alleviated, the employee would feel motivated enough to work harder.
Managers are offered fringe benefits therefore, to ensure that they are better motivated. It is also to ensure that they do not leave the company due to other companies offering better benefits which would lead to high employee turnover.
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Required informationSkip to questionIntroductionRead the overview below and complete the activities that follow.
Remedies for Breach of Contract
In the case below, a municipality backs out of a contract to have a bridge built. The contractor has already begun production and incurred costs.
CONCEPT REVIEW:
The overall goal of damages in breach of contract suits is to put the parties where they should have been if the contract had been performed. But the solution simply ordering the parties to perform is rarely enough. Damages vary greatly based on the nature of the contract itself, as well as the extent to which performance is underway.
Remedies
Read the short case below, and select the best answer to each question that follows.
The Randolph Bridge Company (RBC) agrees to build a suspension bridge in the city of Detroit. Detroit plans to pay RBC $50 million. RBC's anticipated costs, including labor, materials and so on, are $40 million. Construction is anticipated to take six months. One month into the project, RBC has put $10 million into the project. Detroit tells RBC at this point that it no longer wants the bridge, and plans to breach the contract.
How much will RBC's damages be?
a) $50 million
b) $0
c) $20 million
d) $10 million
e) $40 million
Answers
Answer:
Please given an Explanation:
The damages that will be faced by the Randolph Bridge Company if Detroit plans to breach the contract will be close to around $10 million at the point of one month.
What is breach of contract?A breach of contract is a condition wherein a party to the contract violates the terms of agreement as per the documents signed during the contract. A breach of contract makes such person, who breaches, liable to be sued.
In the above case, it has been observed that the city of Detroit has made promises to pay for the project at the end of completion of the project of building the bridge; however, no payments have been made at the end of one month, where RBC Company has already deployed an amount of $10 million.
As the RBC Company has not received any of the payments and a breach of contract has been made by the Detroit city, the total damages for the company at such point will be $10 million, considering that no loans or advances were taken to repay the same.
Hence, option D; $10 million are the damages suffered and incurred upon by the RBC at the end of one month when Detroit has made a breach of contract agreements.
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Why u think the porcentage of tax filers has most dramatically increased for the 65+ age group?
Answers
Answer:
The more people that retire, the more it increased.
Explanation:
Typically when people retire, they get their taxes filed. The percentage of the 65+ age group who have their taxes filed increases the more people who retire, then typically use tax filers.
Answer: The percentage of tax filers has most dramatically increased for the 65+ age group because
more people in the 65+ community are retiring and so, they are getting their taxes filed.
Good luck!
According to the extract, entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
Answers
Developing a profitable company idea involves imagination, investigation, and cautious preparation.
How business idea is generated and its feasibilityTo generate a business idea, consider your interests, skills, and knowledge. Think about problems that you or others face in your daily life and whether there are potential solutions that could be turned into a business. Research the market to see if there is demand for the product or service you are considering and whether there are existing competitors.
To determine the feasibility of your business idea, conduct a thorough analysis of the potential costs and revenue streams. Create a business plan that outlines your goals, marketing strategy, and financial projections. Consider seeking advice from experts in your industry or consulting with a business mentor. It is also important to assess any legal or regulatory requirements that may apply to your business.
Overall, generating a successful business idea requires creativity, research, and careful planning. By considering your interests, skills, and market demand, you can identify a potential product or service that meets a need and has the potential to be profitable. With thorough analysis and planning, you can determine the feasibility of your idea and take steps towards launching a successful business.
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Now the restaurant owner receives some good news and some bad news. The good news is that his landlord has rescinded the rent increase. The bad news is that the price of salmon at the fish market has risen. This is a blow because his restaurant is called SALMON CITY because almost all of the items use salmon. The increase in the price of salmon: Hint: Think in terms of the relation between revenue and cost at the margin -- and its implications for firm behavior.a. will cause him to raise his price and reduce the number of meals that he servesb. will cause him to lower his price in order to raise revenuec. may cause the price he charges to rise or falld. will have no impact on the price that he charges or the number of customers that he serves
Answers
Answer: a. will cause him to raise his price and reduce the number of meals that he serves
Explanation:
The owner makes a lot of meals that rely on salmon. With salmon prices going up, he will have to pay more money to buy the salmon that he uses to prepare the meals.
This would reduce his profit margin. He will therefore have to increase the price at which he sells his meals so as to recuperate the increased costs. He will also reduce the number of meals he serves because he will have to buy less salmon so that he does not incur a larger cost.
QUESTION THREE.
The following data give the savings bank accounts balances of nine sample
households selected in a survey. The figures are in SSP
745.2,000.1.500.68,000.461,549,3750,1800,4795
(a) Find the mean and the median for these data;
(6) Do these data contain an outlier? If so, exclude this value and recalculate th
mean and median. Which of these summary measures has a greater change wh
outlier is dropped?;
(c) Which of these two summary measures is more appropriate for this series?
Answers
Answer:
We can first order the data from smallest value to largest value:
461
549
745
1500
1800
2000
3750
4795
68000
a) The mean is 9289, and the median is 1800
b) The data does have an outlier, which is 68000, because it is more that three standards deviations away from the mean, excluding this value, our new mean is 1950 and our new median is 1650. We can see that the greatest change in value was for the mean.
c) the median is more appropriate because the median is less sensitive to outliers. The mean can be easily swayed by outliers in either way, and this can give an erroneous impression of the data.
True or False, the project business case provides a high-level description of what the project will accomplish and how it will be done.
Answers
The project business case gives a high-level explanation of what the project will achieve and how it will be carried out. so statement is false
A project business case is what?Project Governance includes a project business case. It explains why you ought to begin your project. It provides. "study of the advantages and disadvantages of changing the way things are done." The business need for undertaking a project is determined through a business case. It successfully explains how the project is connected to the organization's high-level strategic goals. It also describes the rationale for the identification and choice of the project.
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