The cost per unit of production for a given product falls to an ideal level when production volumes rise with the addition of capacity. It is referred to as the economies of scale.
What is product?
Anything that can be sold is referred to as a “product.” To purchase the item with the aid of money, the item can be touched and seen. Consumer, professional, and industrial items come in a wide range of varieties.
The production phenomena known as “economies of scale” describes how a firm's output level rises with its capacity while its production costs decrease as a result of the growth in size or magnitude of its output.
Hence, the significance of the product is aforementioned.
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According to a national restaurant association estimate, about what percentage of a foodservice operation’s inventory losses results from employee theft?
The inventory loss is around 4%.
The National Restaurant Group is a business association in the restaurant sector that represents over 380,000 restaurant outlets in the United States. The National Restaurant Association Educational Foundation is also run by it. The organization was created in 1919 and is based in Washington, D.C.
Due to pilferage and theft, an ordinary fine-dining restaurant might lose up to five crores in five years. Internal thefts increase the restaurant's food expenses, thus the restaurateur suffers the same amount twice: first when the employee steals it and again when he or she has to pay up the loss from the restaurant's revenues.
According to a National Restaurant Association report, theft accounts for an average of 4% of a restaurant's food expenditures.
Therefore, the answer is 4%.
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Although licensing is a method of beginning international business, many firms view it as a limitation rather than an opportunity because?
International licensing is a foreign market entry mode which presents many disadvantages and reasons why companies do not use it as opportunity but sees it as a limitation because there is:
Lower level of income in this mode than in other entry modes.
Risk of having the reputation and trademark ruined by an incompetent partner
Loss of control of the licensee manufacture and marketing operations and practices which leads to the loss of quality.
The foreign partner can become a competitor also by selling its products in places where the parental company has a presence.
International licensing is a business arrangement in which one company gives another company a permission to manufacture its product for a specified payment.
Licensing is also defined as the granting of permission by the licenser to the licensee in order to use intellectual property rights, such as patents, trademarks, brand names, or technology etc.
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Scientific research can be described as a systematic and organized effort to investigate a specific problem encountered in the work setting, that needs a solution.
a. True
b. False
Scientific research cannot be described as a systematic and organized effort to investigate a specific problem encountered in the work setting, that needs a solution
Scientific researchResearch conducted to contribute to science by the routine collection, performance, and evaluation of data and that, too, in a planned way is called scientific research: an investigator is the one who conducts this research.
It is called theoretical research. The study of some natural phenomenon, relating to pure science is termed basic research. Basic research occasionally may not lead to immediate use or application.
Depending on the objective of the research, scientific research projects can be divided into three types:
exploratory, descriptive, and explanatory.
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Would your computation be different if the company reported $320,000 worth of contingent liabilities in the notes to the statements?
Answers to all the parts are listed below.
What is working capital?Working capital is defined as the difference between current assets and current liabilities. It is critical to estimate and compute working capital in order to allocate cash available for working capital. If working capital is negative, it signifies that current liabilities exceed current assets, which is a negative indicator of liquidity.(1-a) Computation of current liabilites = $107,600.
(Go through the table given below)
(1-b) Working capital = Current assets - Current liabilities
Current assets = Total assets - Non-current assets = $590,00 - $350,000 = $240,000Current liabilities = $107,600So, Working capital = $240,000 - $107,600 = $132,400
(2) The computation would not alter since contingent liabilities are not recorded on the balance sheet; instead, they are disclosed in the notes to financial statements.
As a result, the $300,000 in contingent liabilities has no effect on any of the preceding calculations.
Therefore, all the answers are shown.
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The correct question is given below:
Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: |Total assets |$ 590,000 |Total non current assets |350,000 |Liabilities: | |Notes payable (8%, due in 5 years) |23,000 |Accounts payable |55,000 |Income taxes payable |11,000 |Liability for withholding taxes |4,000 |Rent revenue collected in advance |9,000 |Bonds payable (due in 15 years) |105,000 |Wages payable |9,000 |Property taxes payable |5,000 |Note payable (10%, due in 6 months) |14,000 |Interest payable |600 |Common stock |180,000 Required: 1-a. What is the amount of current liabilities? 1-b. Compute working capital. 2. Would your computation be different if the company reported $300,000 worth of contingent liabilities in the notes to its financial statements?
A decrease in the supply of money will lead to a(n) _______ in equilibrium real gdp and a(n) _______ in equilibrium price level.
A decrease in the supply of money will lead to a decrease in equilibrium real GDP and an increase in equilibrium price level.
In the economy, higher interest rates leads to a lower supply of money. Since the supply of money decreases, it raises borrowing costs, which makes it more expensive for consumers to hold debt.
Changes in the money supply lead to changes in the interest rate. When real GDP increases, there are more goods and services to be bought. Thus, a decrease in real GDP will cause the money demand curve to decrease.
Hence, a decrease in supply of money will lead to a decrease in equilibrium real GDP and an increase in equilibrium price level.
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Small changes in consumer demand can result in large variations in orders placed because of the:_______
Small changes in consumer demand can result in large variations in orders placed because of the Bullwhip Effect. Thus the correct answer is D.
What is a consumer?The consumer is referred as an end user of any product or service. He is the person who utilizes or takes the benefit of the products purchased. The person who buys a product is called a customer.
Demand estimations result in ineffective supply chains due to the bullwhip effect which is a characteristic of distribution channels. As one moves higher up the supply chain, it informs of increasing inventory variations in reaction to variations in consumer demand.
Therefore, option D Bullwhip effect is appropriate.
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The complete question is attached below-
Small changes in consumer demand can result in large variations in orders placed because of the:
A) Supply chain
B) Safety stock requirement
C) Lead time effect
D) Bullwhip effect
E) FCFS scheduling
The general attitude of the top management using a(n) _____ strategy is that csr is an added cost or nuisance.
The upper management generally views CSR as an extra expense or annoyance when implementing a reactive strategy.
What is CSR?Corporate social responsibility is a concept in management that encourages businesses to incorporate social and environmental issues into their everyday operations and relationships with stakeholders.
Managers that take a reactive approach react to situations and issues as they arise rather than planning for them in advance because doing so incurs additional costs.
Managers who are proactive look for methods to include CSR into all of their strategies. Defensive and accommodating techniques both have some room for error. None of these alternatives entirely eliminates the expense of csr, unlike the reactive method.
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A purpose of the statute of frauds is to prevent unreliable __________ evidence from interfering with a contractual relationship.
A purpose of the statute of fraud is to prevent unreliable oral evidence from interfering with a contractual relationship.
The concept of a contractual relationship is a legal connection between two or more parties that is supported by an acceptable offer and consideration.
A contractual relationship entails accepting the protection and services of the other party as well as the risk of being imprisoned, fined, or otherwise penalised for breaching its terms. An individual must be legally contracted to the government before police can engage with them legally.
Once they have your authorization to act, the officer has the ability and jurisdiction to carry out his tasks. You have consented to this contractual relationship as a citizen and licenced driver, and as such, you are bound by its terms and conditions.
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Although they represent a relatively small proportion of new companies, most venture capital and a substantial proportion of job creation can be attributed to:________.
Although they represent a relatively small proportion of new companies, most venture capital and a substantial proportion of job creation can be attributed to: innovation-driven enterprise.
What is job creation?Job creation can be defined as the way making job available or creating job which inturn lead to employment opportunities for those that are unemployed.
Hence, most venture capital and a substantial proportion of job creation can be attributed to innovation-driven enterprise based on the fact that innovation-driven enterprise help to introduce people to new innovations.
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What is a rewards system that includes compensation, benefits, work-life effectiveness, recognition, performance management, and talent development?
A rewards system that includes compensation, benefits, work-life effectiveness, recognition, performance management, and talent development is "Total Reward".
What is total reward ?The mixture of benefits, pay, and prizes that employees receive through their employers is known as total rewards. Pay and bonuses, as well as acknowledgment, workplace flexibility, and career prospects, can all fall under this category.
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Total rewards can also refer to the department or function within HR that manages pay and benefits, or the sum of an employee's perceived intrinsic and extrinsic benefits (or worth).Better prospects for professional advancement, healthcare benefits provided by the business, paid parental leave or even more work-life balance are a few examples. Although they may be more qualitative then quantitative, these additional elements have a big impact on whether a candidate accepts or rejects a job offer from your business or if an employee decides to stay or leave your firm.Employee perks, workplace culture, office setting, and other intangible benefits all play a big part in making your business appealing to potential employees and encouraging commitment and loyalty among your current workforce.To know more about employee benefits affect total employment compensation, here
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Derrick recently got married and has a small child. for the first time in his life, he worries about what will happen to his home and his other property after he dies. he also wants to make sure his child is taken care of if he dies. what should derrick prepare?
A will / testament is a legally binding document that expresses the person desires as to how they would want to use or distribute their belongings after their death and also that occurred after to their belongings. As to which persons is responsible for handling their property.
What is Legally binding contracts??Legally binding agreements are agreements made between two or more parties that are enforceable by law and are valid according to national and state contract laws. Because a agreement is legally binding, all parties must follow the words and do what the contract says they should.A “binding contract” is any contract that's legally enforceable. That means if you sign a binding contract and don't meet your end of the bargain, the other party can bring you to court.
Complete question is given below,
A. a will
B. a power of attorney
C. a health insurance policy
D. a consideration
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José wants to have money available for any future purchase he desires. what is his best choice to assure that he has open-ended credit?
The best choice that would assure and guarantee that José has open-ended credit is: a bank line of credit.
Line of creditA credit can be any amount of money that is being borrowed and it is expected to be paid back with interest at an agreed date from a lender by a borrower.
Generally, there are three main types of credit and these include:
Revolving creditInstallment or closed-end creditOpen-end creditAn open-end credit refers to pre-approved line of credit (loan) that is given to a borrower by a economic institution (bank) and it can be used frequently up to a specific preset limit. Thus, an open-end credit is typically used for many investments over a period of time rather than just a single investment.
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The way income is allocated among the population is reflected in the lorenz curve. income curve. gini coefficient. income spread.
The way income is allocated among the population is reflected in the Gini coefficient.
The Gini index, or Gini coefficient, measures income distribution throughout a populace. developed by using the Italian statistician Gini in it regularly serves as a gauge of monetary inequality, measuring profits distribution or, less commonly, wealth distribution amongst a population.
The Gini index is a measure of the distribution of profits throughout a populace. A higher Gini index shows greater inequality, with excessive-profits individuals receiving plenty large percentages of the populace's general profits. Worldwide inequality, as measured by way of the Gini index.
The Gini index may be derived from the Lorenz curve framework (Lorenz, which plots the Cartesian coordinates where the abscissa is the cumulative normalized rank of earnings from the lowest to the highest
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What are some common risks, threats, and vulnerabilities commonly found in the workstation domain that must be mitigated through a layered security strategy?
Viruses, Email Attachments, Trojan Horses, and worms are examples of things that could be mitigated through layered security. A virus can infect a computer in a variety of ways, the majority of which involve downloading infected files - either intentionally or unintentionally. Pirated music or movies, photos, free games, and toolbars, as well as phishing/spammy emails with attachments, are common offenders.
A computer virus is a type of malicious software, also known as malware, that spreads between computers and causes data and software damage. Virus with Multiple Entities - A multipartite virus is one that can attack both the boot sector and the executable files of an already infected computer.
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Costumes may be built from scratch, or pulled from storage (which is known as ____________
Costumes may be built from scratch or pulled from storage (which is known as stock.
A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges. Government standards designed to shield investors from dishonest tactics must be followed during stock trades.
In order to raise money to run their operations, corporations issue stock, and the holder of that shares, known as a shareholder, may be entitled to some of the company's assets and earnings.
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Guido and hal want to rescind their contract under which guido sold hal a mountain bike for $100. To rescind the contract.
Guido and hal want to rescind their contract under which Guido sold hal a mountain bike for $100. To rescind the contract. Guido must return the $100 and Hal must return the bike.
What do you mean by contract?A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts.The damaged party may seek legal remedies like damages or rescission in the event of a contract breach. The foundation of contract law, which is the area of law of obligations pertaining to contracts, is the idea that agreements must be upheld.What constitutes a contract's seven elements?Basics of contracts.Classification of contracts.Offer.Acceptance.A gathering of minds.Consideration.Capacity.Legality.Learn more about contract here:
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Heir own music academy where kids 7 to 18 can receive instrument or voice lessons and be part of a band that puts on a live show. Which step in the marketing process is the best place to begin?
Find out what young musicians want to accomplish and what is important to them as first stage in the marketing process. Marketing process indulges strategies to generate value for consumers to meet their needs. Customers and businesses engage in a cycle of actions and responses as a steps to add value and meet customer needs.
In marketing process, environment is analyzed to find opportunities, value proposition strategy is developed, tactical decisions are made, plan is carried out, and results are tracked. Strategic marketing analysis, marketing mix planning, marketing implementation, and marketing control make up the four steps of marketing process.
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States use marketing to attract many groups. choose the two main groups from the list that states try to attract:_____.
The two groups are Tourists and New Businesses are attracted by the states by using the marketing tactics. Thus, option A and C are correct.
What is marketing?Marketing is the process of exploring, creating, and delivering value in terms of goods and services to meet the needs of a target market, which may include the collection of an intended audience, the selection of certain qualities or themes to demonstrate in advertising, and the operation of marketing campaigns.
It should be emphasized that marketing is intended to pique people's interest in a company's products or services, as evidenced by market analysis, research, and consideration of the preferences of a company's ideal consumers.
Finally, it may be considered as a means of enticing them through an instructive and useful message to a company's intended audience, and it can be utilized to attract tourists and new businesses. Therefore, it can be concluded that option A and C are correct.
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Your question was incomplete, probably the complete question was...
A. Tourists
B. Government agencies
C. New businesses
D. Non-profits
Isadora, a finance manager, is budgeting for the company's new line of production equipment. this equipment, which will be used for 20 years or more, is handled out of a(n) ________ budget
Isadora, a finance manager, is budgeting for the company's new line of production equipment. this equipment, which will be used for 20 years or more, is handled out of a(n) capital budget.
When evaluating the profitability of a business opportunity or asset, such as when entering a new market or purchasing new machinery, capital budgeting uses a number of formulas.
The capital budgeting procedure used to decide strategically whether to accept or reject a suggested investment project.
Investors may view a business owner's decision to make a long-term investment without capital budgeting as reckless. You can better comprehend a project's possible risks and rewards by using the capital budgeting analysis.
When pursuing a new investment project, a capital budget can also help with securing additional financing from banks or investors.
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The process of planning, collecting, and analyzing data relevant to a marketing decision is called?
The process of planning, collecting, and analyzing data relevant to a marketing decision is called Marketing research.
Market research is the practice of evaluating the viability of a new service or product by interviewing prospective customers firsthand. Market research enables a business to identify the target market and obtain consumer comments and other input regarding their interest in the good or service.
This kind of research can be carried out internally, by the business itself, or by an outside market research firm. Surveys, product testing, and focus groups are all viable methods. Typically, test subjects receive free product samples or a small stipend in exchange for their time. The development of a new product or service requires extensive research and development (R&D).
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When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by?
When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by selling common stock. Long-term funding can be defined as any financial tool with maturity going beyond one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.
What is a retained earnings?Retained earnings are the total of profit an establishment has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.
Therefore, the correct answer is as given above
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The interactions of producers and consumers in individual markets are part of the study of?
Microeconomics research individuals and corporations' selections to allocate production, exchange, and consumption assets. Microeconomics deals with expenses and production in single markets and the interplay among one-of-a-kind markets but leaves the look at of financial system-huge aggregates to macroeconomics.
Similarly, we throw light on the interplay between the statistics marketplace and product marketplace both of which stand up in consumer-producer interaction: the purchaser materials facts and the manufacturer components the product. Consumer input into producing the final product this is ate up with the aid of them can take many bureaucracies.
Microeconomics is a department of economics that researches the behavior of individual gadgets such as households, people, and organizations in the economy. Microeconomics is distinct from the observation of Macroeconomics, which researches the financial system as a whole entity.
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Is the value that you calculate in the last question more or less than the total gain for buyers as a group when there is no price ceiling.
In this case, for buyers as a group, the gain with the ceiling is greater than the gain without a ceiling.
A Price Ceiling: What Is It?The imposed maximum price a seller is permitted to charge for a good or service is known as a price ceiling. Price ceilings are often imposed on necessities like food and energy supplies when they become unaffordable for average customers. Price ceilings are typically established by law.
In essence, a price cap is a form of pricing control. Price caps can be useful for making necessities affordable, if only briefly. However, economists debate the long-term value of such ceilings.
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Correct question:
This table repeats the buyer values and seller costs. In a market with no restrictions on prices, the total gain captured by buyers and sellers will be $66, with $33 in gain for sellers and $33 in gain for buyers. (You can calculate these values by figuring out who trades at the equilibrium price and calculating how much gain each of them captures.)
With a price ceiling of $8.50, fewer trades will take place. The total gain for buyers and sellers will be lower, although as you will see, it is uncertain exactly how much lower. These problems show you why the gain is uncertain. They also encourage you to think about the following question: Who wins and who loses when there is a price ceiling? If you were representing the interests of all buyers, would you be in favor of a price ceiling?
Buyers V Seller Seller Cost
1 $16 1 $4
2 $15.50 2 $4.50
3 $15 3 $5
4 $14 4 $6
5 $13.50 5 $6.50
6 $13 6 $7
7 $12.50 7 $7.50
8 $12 8 $8
9 $11 9 $9
10 $10.50 10 $9.50
11 $10 11 $10
12 $9.50 12 $10.50
Is the value that you calculated in the last question more or less than the total gain for buyers as a group when there is no price ceiling?
A. In this case, for buyers as a group, the gain with the ceiling is greater than the gain without a ceiling.
The ________ run is a period of time during which a manager can change all factors of production.
A manager has the ability to alter all production elements over the long run .
What if Factor of production ?
The concept of the factors of production, which describes the components required to generate a thing or service for sale, is crucial in economics. Land, labor, capital, and entrepreneurship are the four categories that they are frequently divided into. The two main components of production, however, are occasionally referred to as labor and capital by critics. One or more production aspects may be more crucial than others depending on the particular conditions.
What is long run in production?A time frame in which all cost and production parameters are erratic is known as the long run. Long-term cost adjustments are possible for businesses, although short-term pricing changes can only be influenced by changes in production levels.
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What are the four activities for developing strategic thinking identified in the text?
The four activities for developing strategic thinking identified in the text are: broadening task and functional knowledge, understanding the business, setting aside time to reflect, and engaging in lateral thinking.
Why think strategically?
Finding and developing special chances to add value to your organization is the focus of strategic thinking. The phrase has historically been exploited and misused, and too frequently, strategic planning exercises are ineffective. Employees, who are crucial to the process and who boards and management require to be actively involved, may get disengaged as a result of this.
To organize your process of strategic thought, there are numerous models to pick from. Supporting the process is essential, as is making sure that the results and future steps are decided upon and then taken. Without implementation, you run the risk of getting stuck in a strategic thinking vortex with brilliant ideas.
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Why might some liabilities not be reported on the balance sheet? Why would a company look to have some liabilities not reported on its balance sheet?
These things are assets and liabilities of the company even though they don't show up on the balance sheet. Since there is no equity or debt attached to these goods, they are not required to be reported on the balance sheet.
By using off-balance-sheet financing, businesses can avoid reporting certain assets and obligations on their balance sheets. Financial statements can be shielded from asset ownership and associated debt by OBS assets.
This strategy aids businesses in maintaining low debt-to-equity and leverage ratios, which lower borrowing costs and avoid covenant breaches. Assets that don't show up on the balance sheet are known as off-balance sheet (OBS) assets.
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Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
current account and 2 years after acount are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
Material requirements plus an allowance for normal inefficiencies are added together to determine the.
Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
What is the standard quantity?The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.It is calculated by multiplying actual production units by the standard material quantity per unit. For example, during the month of March, a company manufactured 2000 items. The typical amount of material needed to produce one unit of output was 5 pounds.A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities]. Chemists conduct many measurements. If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
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The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.
The difference between a random walk and a submartingale is the expected price change in a random walk is ______, and the expected price change for a submartingale is ______.
The difference between a random walk and a sub martingale is the expected price change in a random walk is zero, and the expected price change for a sub martingale is positive.
The random walk theory suggests that changes in stock prices have the same distribution and are independent of each other. The expected price change in a random walk is zero.
On the other hand, the martingale strategy involves doubling up on losing bets and reducing winning bets by half. Thus, the expected price change for a sub martingale is positive.
Hence, The answer was given and explained above.
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PERT, but not CPM, has the ability to consider the precedence relationships in a project. True False
False is the answer.
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