what is the conclusion for this contract? Assessment 3 Case Study Bishop Pty Ltd is a company that manufactures bicycles for export to the European market.Its directors are Ford,Harvey and Suzuki.Last year,Ford was sent by the company to survey the market in Europe.He managed to secure five contracts worth $1.5 million per year for the next three years.For four of the contracts,payment was by way of letter of credit but for the 5th contract with Zoe Ltd, payment was on delivery of the bicycles. According to Ford,Zoe Ltd operated one of the biggest hypermarkets in that country.The company needed to expand its factory. Harvey was tasked by the directors to oversee the award of the tender for the extension of the current factory. Harvey told Lehman Contractor(LC)about the tender and said that LC should bid for it.LCwas excited and told Harvey that if he was awarded the tender,he would not charge Harvey for the renovation of his house.Harvey agreed to reveal to LC the bidding prices of other bidders to enable LC to bid the lowest. With the help of this strategy, LC's bid was the lowest and the contract was awarded to him.The extension to the factory was duly completed.The company manufactured the bicycles and shipped them to the customers in Europe. Unfortunately,Zoe Ltd was actually a sham company.The bicycles were not paid for and Bishop lost $200,000.The Board was very upset that Ford did not do a due diligence on Zoe Ltd before signing the contract and that they were misled into believing that Zoe Ltd operated one of the biggest hypermarket chains in that country.
Answers
1. Ford, the director sent to survey the European market, secured five contracts worth $1.5 million per year for the next three years.
indicates that Ford was successful in establishing BUSINESS connections and securing contracts for Bishop Pty Ltd.
2. Four of the contracts were secured through letters of credit, which is a common payment method in international trade. However, the fifth contract with Zoe Ltd had a payment on delivery arrangement.
3. Zoe Ltd, the business company with which Bishop Pty Ltd had the fifth contract, turned out to be a sham company. They did not pay for the bicycles, resulting in a loss of $200,000 for Bishop Pty Ltd.
4. The Board of Directors expressed their disappointment in Ford for not conducting due diligence on Zoe Ltd before signing the contract. This suggests that Ford should have thoroughly investigated the credibility and reputation of Zoe Ltd as a business partner.
5. Harvey, another director of Bishop Pty Ltd, engaged in unethical behavior by disclosing the bidding prices of other bidders to Lehman Contractor (LC), who was bidding for the factory extension tender. This action compromised the integrity of the bidding process.
6. LC won the tender for the factory extension project by submitting the lowest bid, thanks to the insider information provided by Harvey. In return, LC offered to renovate Harvey's house free of charge.
7. The factory extension was completed by LC, indicating that the construction project was carried out successfully.
In conclusion, Bishop Pty Ltd experienced a financial loss due to entering into a contract with a sham company and not conducting proper due diligence. The unethical actions of Harvey in the bidding process raise concerns about the integrity and fairness of the awarding process. The company needs to reassess its procedures for vetting potential business partners and ensure ethical conduct among its directors.
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Related Questions
Martha and Oleg are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them advertise, each will earn a profit of $5,000. If neither of them advertise, each will earn a profit of $10,000. If one advertises and the other doesn't, then the one who advertises will earn a profit of $15,000 and the other will earn $7,000. To earn the highest profit, Martha
a. should advertise, and she will earn $5,000.
b. should advertise, and she will earn $15,000.
c. should not advertise, and she will earn $10,000.
d. has no dominant strategy
Answers
Answer:
d
Explanation:
Dominant strategy is the best option for a player regardless of what the other player is playing.
The payoffs for Martha if she advertises is either $5000 or $15000
if she does not advertise, it is either $10,000 or 7000
looking at these figures, there is no option that consistently yields a better option. thus there is no dominant strategy
If for example,
The payoffs for martha if she advertises is either $5000 or $15000
if she does not advertise, it is wither $3,000 or 7000
Advertising consistently yields a better option, thus her dominant strategy would be to advertise
it will cost me $2,250 today to buy into the annuity. assuming a discount rate of 6.5%, what is the npv of this potential investment?
Answers
The NVP of this potential investment is -$50.17.
Potential Investments wealth a potential property that We are considering making to a Borrower the key facts and facts that are proved on each Lender's Dashboard and on that each Lender may endure a Bid.
Net present value (NPV) is a commercial rhythmical that inquires to capture the total advantage of financing time. The plan behind NPV search out the project of all of the future cash inflows and outflows to guide an asset, discounting all those future cash flows to the epoch, and therefore adjoin the ruling class together.
The present value of the annuity.
500/(1+.065) + 600/(1+.065) + 700/(1+.065) + 800/(1+.065)
= $2,199.83 is
NPV is equal to the present value of the annuity minus the initial cost.
NPV = $2,199.83 - 2250
= -50.17
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St. Mark's Hospital contains 450 beds. The average occupancy rate is 80% per month. In other words, on average, 80% of the hospital's beds are occupied by patients. At this level of occupancy, the hospital's operating costs are 32 per occupied bed per day, assuming a 30 -day month. This 32 figure contains both variable and fixed cost elements. During June, the hospital's occupancy rate was only 60% . A total of 326,700 in operating cost was incurred during the month
(a) Using the high-low method, estimate: i. The variable cost per occupied bed on a daily basis. ii. The total fixed operating costs per month.
Answers
The variable cost per occupier bed on daily basis is $336,150.
High (450 x 30 x 80%) 10,800 10,800 x 32 $345,600
Low (450 x 30 x 60%) 8,100 8,100 x 32 $326,700
Difference 2,700 $18,900
Variable Cost per Bed = $18,900 / 2,700 = $7
Total Fixed Cost = $326,700 - (8,100 beds x $7) = $270,000
For requirement no. 2, regardless of the changes in the occupancy rate, our total fixed costs will remain the same. Only the variable cost will change
Variable cost 450 x 30 x 70% x $7 $66,150
Fixed costs $270,000
Total operating cost $336,150
Accordingly, the total operating cost at 70% occupancy rate is $336,150.
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Which technologies have made global communication instant and more effective? Choose three answers.
social media
wireless devices
smart phones
automobiles
printed newspapers
Answers
The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.
The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.
Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.
Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.
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Answer: a b c
Explanation:
just took the unit
why is it important to learn the skill of monthly budgeting or projecting financials for a potential career?
Answers
Answer:
it is important
Explanation:
if u budget monthly by the end of the year you can identify the profit or loss (yes l am 12)
In the accounting equation, assets are equal to which two things?
A. Debits + equity
B. Debits + accounts
C. Liabilities + equity
D. Liabilities + accounts
Please select the best answer from the choices provided
A
B.
OOOO
С
D
Answers
Answer:
C. Liabilities + equity
Explanation:
Edg 2021 ...
Operations management is only about being as cost-effective as possible.
O True
O False
Answers
Answer:
True
Explanation:
Any kind of practice which allows a business or other organization to maximize the use of their inputs by developing products at a faster pace than competitors or reducing defects, for example.
what effect will the aquisition of treasury stock have on stockholders equity and earnings per share
Answers
Acquisition of treasury stock reduces the number of outstanding shares and increases earnings per share, but it does not affect total stockholders' equity.
When a company acquires treasury stock, it buys back its own shares of stock from the market. This leads to a reduction in the number of outstanding shares of the company, which causes an increase in earnings per share (EPS) because earnings are divided among fewer shares. However, the acquisition of treasury stock does not affect total stockholders' equity because treasury stock is not considered an asset of the company.
The purchase of treasury stock reduces the total number of outstanding shares, thus increasing the EPS. Treasury stock is a contra-equity account and it is deducted from the stockholders' equity section of the balance sheet. However, the acquisition of treasury stock does not affect the total stockholders' equity. Therefore, it reduces the total shareholders' equity but increases earnings per share.
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There is not a deadline for the "T" part of the SMART goal-writing criteria.
2 points
True
False
Answers
Answer:
FALSE I know bc I just did it
Explanation:
am I correct or not? lmk
Answers
Answer: the answer is actually event marketing I only know that because when I was in normal schooling we played Quizlet all the time
Bailey is an Investment Planner. Which skills does she most likely have?
knowledge of insurance systems
skills in research and critical thinking
integrity for selling products
patience with repetitive tasks
Answers
Answer:
Well critical thing often comes of use when investing in something. Research often lets you know WHAT to invest in and WHICH is the best. So I’d say skills in research and critical thinking.
As an Investment Planner, one must be able to research about the investment classes and give logical and critical thinking towards the same.
Who is an Investment Planner?A professional who is engaged in managing and advising clients related to investment in different classes of asset to maximize the returns as per their expected returns.
The advice given by an investment planner must be backed by expert research analysis, and must be critically thought with due diligence.
Hence, option B holds true regarding an investment planner.
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What is public policy give an example?
Answers
A system of rules, regulations, ways, and financial priorities involving a specific subject that have been established by a governmental body or its representatives is known as public policy.
What is an example of public policy?Informing the public on healthy lifestyle choices, including the foods they eat, how much exercise they get, and the risks of smoking, are some instances of public policy. Like the mask regulations and other policy changes we observed during the COVID-19 pandemic, policies can also be used to stop the spread of diseases.
What is the fundamental idea of public policy?Public policy refers to decisions that have an impact on how a governing system functions, such as those that have an impact on public care delivery, education, and the make-up of the military forces.
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Utilitarians claim that it is always intrinsically or inherently wrong to .....
a. Violate people's rights
b. Kill or let die an innocent person.
c. Lie or deceive others
d. All of the above
e. None of the above
Answers
Utilitarians claim that it is always intrinsically or inherently wrong to Lie or deceive others. Utilitarianism relies on a theory of intrinsic value to evaluate the results of actions. The answer is OPTION C
This theory holds that something has intrinsic value in and of itself, independent of any additional consequences theory, and that all other values are justified by their relationship to this intrinsic good as a means to an end. How to boost net utility is the main issue of utilitarians.
The utilitarians foundation of their moral philosophy is the utility principle, which holds that "the theory ethically appropriate action is the activity that provides the most good". The activity that reduces the most good is the one that is morally bad.
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Derivative instruments include:A) stocks.B) preferred stocks.C) stock options.D) all the above.
Answers
Derivative instruments include stock options as stocks and preferred stocks are considered equity instruments, not derivatives. Option C.
What is a Derivative instrument?
A derivative is an instrument whose value is derived from the value of one or more underlying, which can be commodities, precious metals, currency, bonds, stocks, stocks indices, etc.
What does an accounting derivative mean?
Accounting problems A contract that derives its value from changes in an underlying variable is known as a derivative. For instance, the price of the underlying stock determines the value of a stock option contract; if the price of the stock varies.
A financial instrument or another contract that falls under the purview of this Standard and possesses all of the following features is referred to as a derivative. (a) Its value fluctuates in response to changes in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, or credit rating.
Hence, the right answer is option C. Stock options.
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Which are guidelines for using Themes?
Check all that apply.
A. Using different cell styles can help you differentiate different types of data.
B. Fonts should be easily readable and of appropriate size.
C. You cannot customize the default themes.
D. Be consistent with themes across worksheets and workbooks.
E. Applying a new theme will only change cells in a workbook that have no other formatting applied.
Answers
Answer:
I think it's D. or A. or B. but I mostly think it's D. Be consistent with themes across worksheets and workbooks
Statements that explains the guidelines when using a Theme are: A. Using different cell styles can help you differentiate different types of data.
B. Fonts should be easily readable and of appropriate size.
C. You cannot customize the default themes.
WordPress theme can be regarded as a group of files, these file can contains graphics, style sheets as well as code, which will give overall appearance of a blog or website.In using this, we can follow some guidelines such as; making use of more than a cell can help in differentiatiation of different types of data, default themes cannot be customized, and the selection of fonts should be made carefully.Therefore, option, ABC are correct.
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3.
What is the importance of trade?
Answers
Inseparability in services refers to the fact that.
Answers
Inseparability refers to : The consumer cannot distinguish between the service provider from the service itself.
What Is Service Inseparability?Service inseparability means that the production and consumption of a service can't be separated from the provider of that service. It also requires that a customer is physically participating in the consumption of the service.
The above means every part of the experience is tied together. A customer can't separate the consumption of the service they've purchased from the provider.
Hence, Inseparability means consumer cannot distinguish between the service provider from the service itself.
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The line on a supply curve moves in which direction?
Responses
upward and to the left
downward and to the center
upward and to the right
downward and to the left
Answers
Explanation:
The supply curve will move upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all else being equal).
hopefully this helps you! :)
the pv for both options (including the downpayments) is the same, 8000. what additional factors should terry consider when deciding which is the best deal for her?
Answers
When deciding which option is the best deal for her, Terry should consider the additional factors, namely : loan term, total cost, monthly payments, repayment option, Debt-to-income ratio and interest rate.
Loan term - The length of time it takes to repay the loan
Interest rate - The amount of interest paid over the loan term
Total cost - The sum of the loan amount and interest paid over the loan term
Monthly payment - The amount paid monthly including both principal and interest rate, until the loan is repaid.
Repayment options - Whether the loan has flexible repayment options such as early repayment, and if there are any prepayment penalties.
Debt-to-income ratio - Terry's debt-to-income ratio will be an important factor in deciding whether to go for a car loan or a personal loan
.The above additional factors should be considered by Terry when deciding which option is the best deal for her.
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Which of the following is not one of the risk categories
A:Practical
B:controllable
C:Pure
D:Speculative
Answers
Answer:
pretty sure controllable bc controllable isn't a risk. ( I've I had brainliest could u pls give me it ???)
In the last question, you wrote an hlookup function to output net profit. do you need to include a range lookup to output the correct net profit?
Answers
After that, we selected the complete table from which we need to hlookup function and after that, we need to input the number of the row at which Net profit is located which in this case is 4.
Hlookup stands for Horizontal Lookup and can be used to retrieve information from a table by searching for matching rows of data and outputting from the appropriate columns. VLOOKUP looks for column values, but HLOOKUP looks for row values.
Finds a value in the top row of a table or array of values and returns the same column value from the specified row in the table or array. Use hlookup function when the comparison value is at the top row of the data table and you want to look down a specified number of rows.
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If the average income of an australian worker is higher than the average income of a russian worker, it is most likely because.
Answers
The average income of an Australian worker is higher than the average income of a Russian worker is most likely because the productivity in Australia is higher than in Russia.
Average income of a person can be refered as Per Capita GDP of a country. Per Capita GDP represents the economic output a person can produced in a country. Per Capita GDP can be calculated by dividing the GDP of a country with its population.
GDP of a country is also known as productivity. Productivity measures the output per input in a country.
Based on the case, assuming that the population in Australia and Russia are equal, any difference on the average income per worker or Per Capita GDP reflects the differences on both countries' GDPs. Using this assumption, we can conclude that Australia has higher Per Capita GDP than Russia because it has greater productivity.
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A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.
Complete the statements based on the information.
The individuals in the study are
.
The variable in the study is
.
Answers
Answer:
The individuals in the study are people who visit the breakfast bufftet.
The variable in the study is the number of times a peraon visits the buffet in six months.
The Complete statements based on the given information, “A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.” are:
The individuals in the study are people who visit the breakfast buffet.
The variable in the study is the number of times a person visits the buffet in six months.
What is information?
Information is data that helps in analyzing a situation or an event or anything which can be calculated, measured, and analyzed. Information can be in any form such as in form of numbers, facts, figures, analyses, statements, and so on. in today’s era of information technology, information is considered the new fuel which is driving the whole world at the same time.
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What Did You Learn?
Question 1 of 9
Which of these criteria make a person a good cosigner?
O They rent an apartment
O They pay their bills late
O They have a steady job
O They have many debts
Answers
The criterion that makes a person a good cosigner is that they have a steady job. The correct option is C.
A cosigner is someone who signs a loan or credit application with another person, typically someone with a weaker credit history or financial situation, to help them qualify for the loan or credit. The cosigner is responsible for the debt if the primary borrower fails to make payments.
Having a steady job indicates that the cosigner has a reliable source of income, which is an important factor in the lender's decision-making process.
Thus, the ideal selection is option C.
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Owner must share their profits.
True or false
Answers
Answer:
True
Explanation:
Sheila's income and leisure preferences can be expressed by U(C,L)=2×(YL−40C−100L) This utility function implies that Sheila's marginal utility of leisure is 2Y - 200 and her marginal utility of income 2 L−80. In a week there are 168 hours available for her to allocate between work and leisure. Sheila earns $10 per hour after taxes and receives $120 worth of welfare benefits each week during the pandemic regardless of how many hours she decides to work. Assume that the price index is 1. a) What is Sheila's budget line? b) What is Sheila's riarginal rate of substitution when L=100 and she is on her budget line? c) What is Sheila's optimal relationship between income and labour hours? d) What is Sheila's optimal amount of labour hours, leisure hours, and income? e) At the optimal allocation, what is Sheila's utility level? Show your work.
Answers
Sheila's budget line represents the combinations of income and leisure hours she can achieve given her constraints. Her income consists of her earnings from work and welfare benefits. The budget line equation is:
Income = Earnings + Welfare Benefits
Income = $10L + $12Here, L represents the number of labor hours she chooses to work. The slope of the budget line is the wage rate of $10 per hour, and the intercept is the welfare benefits of $120. Thus, Sheila's budget line can be expressed as:
Income = $10L + $120
b) The marginal rate of substitution (MRS) measures the rate at which Sheila is willing to trade off income for leisure. The MRS is given by the ratio of marginal utility of leisure to the marginal utility of income:
MRS = (Marginal Utility of Leisure) / (Marginal Utility of Income)
MRS = (2Y - 200) / (2L - 80)
When L = 100, we substitute this value into the MRS equation:
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Under PPO, which of the following in-network specialists would a referral be required?
A. None of these
B. Neurologist
C. Dermatologist
D. Cardiologis
Answers
Answer:
A) none of these
Explanation:
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Which of the following best explains the positive effect of printmaking on the economy of the time period? a. Printmaking led to the invention of paper money. B. Books were made more quickly and effectively. C. Printing presses were cheap, and most citizens owned one. D. The Catholic Church increased its revenue due to sales of the Bible. Please select the best answer from the choices provided A B C D.
Answers
The best explanation for the positive effect of printmaking on the economy of the time period is "B. Books were made more quickly and effectively."
Printmaking was an important invention that led to the mass production of written materials. Before printmaking, books were rare and expensive, as they had to be made entirely by hand. With the introduction of printing presses, books and other printed materials could be made much more quickly and effectively, making them more widely available to the general public.The mass production of books led to a major increase in literacy rates, as more people were able to access information and learn to read. This, in turn, led to a more educated population, which was better equipped to participate in the economy. In addition, the printing industry itself became a major contributor to the economy, providing jobs for printers, papermakers, ink makers, and other related professions.Printing presses were relatively expensive to produce, and most people did not own one. However, the availability of printed materials helped to spur economic growth, by allowing for the spread of knowledge and information more quickly and effectively than ever before.
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After 8 years of working for a company that installed underground sprinkling systems for golf Courses, Jake was ready to venture into his own business. As he prepared his SWOT analysis, he evaluated where he stood at this time. He was fortunate to have $100,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed.
In reviewing his list, you would categorize these events as ___
Technical skills that apply to the business at hand are most often necessary at ___
Most businesses follow a logical process when performing the planning function. It is important to understand ___, before embarking upon creating future long-term goals, objectives, and strategies
The controlling function closes the loop for managers. It answers the question: "Did we succeed in doing what we set out to do?" Which of the following business departments has a very important role in the controlling function?
Ben oversaw the work of six pharmaceutical sales managers in the southeast region of the U.S. Each sales manager managed a team of 8-10 pharmaceutical sales representatives that developed relationships with doctors, clinics, hospital pharmacies, and local drug stores. Ben met regularly with four others in his company whose jobs were
Answers
Two benefits, one risk is the event that is categorized in the review of this list.
How is the venture a risk and a benefit both?His $100,000 in financing and the three highly qualified installers that will be working alongside him are two of his strengths. The risk to the industry is that sales of sprinkler systems depend on the expansion of the real estate sector, which is currently growing at a slower rate. As a result, there will be less need for sprinkler systems since property investment will be unwilling to build golf courses. This is a threat the business will experience in the future.
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The occurrence that is categorized in the review of this list has two advantages and one danger.
What are the benefits and risks of the venture?Two of his advantages are the three highly skilled installers who will work with him and his $100,000 in financing. Sales of sprinkler systems depend on the growth of the real estate sector, which is now expanding at a slower rate, posing a risk to the business. As a result, there won't be as much need for sprinkler systems as developers won't be willing to construct golf courses. The company will eventually be exposed to this hazard.
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Describe the incremental and iterative development process of your program, focusing on two distinct points in that process. Describe the difficulties and/or opportunities you encountered and how they were resolved or incorporated.
Answers
Incremental and iterative development are two distinct approaches to software development.
These approaches allow software developers to build and deliver software products in stages. Iterative development is an approach in which software developers break down a large project into smaller pieces and deliver each piece incrementally over time. This approach helps developers to better understand the customer's requirements and respond to changes quickly.
An advantage of iterative development is that it allows developers to get feedback on their work from customers early in the development cycle. This feedback can help the developers to refine their approach and build a better product. A challenge of iterative development is that it requires developers to be flexible and responsive to changes in the project scope.
They may need to adjust their plans and priorities as they receive feedback from customers. Another challenge is that iterative development can be more difficult to manage than other development approaches. Developers need to coordinate their efforts and ensure that each iteration builds on the previous one.
Incremental development is another approach in which developers deliver a series of small, incremental updates to the software product. These updates can be made in response to customer feedback or to address technical issues that arise during the development process.
An advantage of incremental development is that it allows developers to build and deliver a product quickly. This approach is especially useful when time-to-market is a critical factor.
A challenge of incremental development is that it can be difficult to manage the dependencies between the different updates. Developers need to ensure that each update builds on the previous one and that the product remains stable and functional throughout the development process.
In conclusion, iterative and incremental development are two distinct approaches to software development that can help developers to build and deliver software products quickly and efficiently.
However, each approach has its challenges and requires careful planning and coordination. Developers need to be flexible and responsive to changes in the project scope and work closely with their customers to ensure that the final product meets their needs.
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