If Mexico's nominal exchange rate (foreign currency per peso) does not change, but prices rise faster in Mexico than in all other countries, then Mexico's real exchange rate rises.
The exchange rate is one of the most important indicators in determining the economy of a country. Exchange rates play an important role in spending decisions, because they allow the translation of prices from different countries into the same language.
The exchange rate of a country's currency is divided into two types, namely:
Nominal exchange rate is the value used by a person when exchanging one country's currency for another country's currency.The real exchange rate is the value used by a person when exchanging goods and services from one country for goods and services from another country.You can learn more about exchange rate here brainly.com/question/14930716
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Dave receives a salary of $200 a week plus a commission of 10% of his weekly sales. an equation y = m x b represents dave’s weekly earnings. the y-intercept is dave’s base salary. the slope of the line is his commission. write an equation representing dave’s weekly earnings. a. y = negative 0.1 x minus 200 b. y = 0.1 x minus 200 c. y = negative 0.1 x 200 d. y = 0.1 x 200
Weekly earnings, y = 0.1x + 200,
Slope = 0.1,
y-intercept = 200
Step-by-step explanation:
Given,
The original salary = $ 200,
Commission percentage on the sale = 10%,
If Dave sold x units,
Thus, the amount of commission for x units sale = 10% of x,= 0.1x
Then, the total earnings = commission for x units + original salary
⇒ y = 0.1x + 200,
∵ the slope of the line y = MX + c is m,
So, the slope = 0.1,
For y-intercept, x = 0,
⇒ y = 200
Thus, the y-intercept is 200.
Price, moreover known as earnings commission, is a fee given to personnel based on the profits they make. Create invoices without spending a dime with SumUp Invoices. The charge is often calculated as a percentage of the fee of a sale.
A income commission is the number of coins that a person gets based on their work. It typically pertains to an income function wherein the character earns a percentage of every sale they make. At times, they may earn this extra money further than their normal income or wages.
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in which type of marketing channel are multiple segments owned by the parent company? multiple choice question. unified horizontal marketing system corporate vertical marketing system conventional marketing channel independent marketing channel
Marketing channels are owned by the parent company in some segments corporate vertical marketing system.
A parent company, also known as a holding company, is a company that has subsidiaries wholly or partially owned by another company controlled by the parent company.
Like a parent company, a holding company has control over other companies. Unlike parent companies, holding companies do not have their own day-to-day operations and exist solely to own or hold subsidiaries.
In the corporate world, a subsidiary is a company that belongs to another company, usually called a parent company or holding company. The parent company retains control of the subsidiary. That is, the parent company owns or controls more than half of its shares.
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Cassandra worked 20 hours last week at an hourly rate of $12 per hour. she paid $55 in taxes. the amount she keeps is called her: question 2 options: a. gross profit b. net pay c. gross pay d. net profit
The amount she keeps is called her gross pay.The promised salary is typically stated as the gross pay in job advertisements. This amount, which does not include any immediate or long-term incentives or bonuses, is sometimes referred to as your base salary.
Is a salary net or gross?The promised salary is typically stated as the gross pay in job advertisements. This amount, which does not include any immediate or long-term incentives or bonuses, is sometimes referred to as your base salary. Your net pay is what's left over after taxes and other withholdings have been deducted from your gross compensation.Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account. The promised salary is typically stated as the gross income in job advertisements. This amount, which does not include any immediate or long-term incentives or bonuses, is sometimes referred to as your base salary.To learn more about gross pay refer to:
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a milling machine is used to process an automobile part. the processing time per part is 3 seconds. after producing 195 units of the part, the milling machine requires a 32 second maintenance process. demand for the part is 11 units per minute. what is the maximum inventory of a part (in units)?
The maximum inventory per minute is 8 units
What is inventory?
Both the materials used in manufacturing and the finished goods that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of generating revenue and, consequently, a source of profits for the equity assets. There are three different types of inventory: finished goods, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset. Inventory is a crucial asset for any business. It is described as the assortment of raw materials or finished products that a company maintains throughout the normal course of its operations.
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14. baxtra, inc. pays $20,000 in cash as interest to its lenders during 2015. according to u.s. gaap, in which section of the statement of cash flows would this payment be reflected? the operating section the financing section the investing section depends on whether cash flow statement is direct or indirect method
The payment of interest is regarded as an operating activity under U.S. GAAP. Therefore, the statement of cash flows' operating section would show the interest payment.
Cash Flow Statement: By monitoring an organization's cash flow, a cash flow statement is a crucial tool for managing finances. This report is one of the three crucial ones that determine a company's performance, together with the income statement and the balance sheet.
To assess the liquidity and solvency of the company, organisations should monitor and analyse three different types of cash flow: cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities. The cash flow statement of a corporation includes all three.
Example:
Organizations should track and analyse three main types of cash flow: cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities in order to determine the company's liquidity and solvency. All three are shown in a company's cash flow statement.
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products in the of the product life cycle tend to consume a disproportionate share of management and financial resources relative to their future worth. multiple choice question. introduction decline growth maturity
Products in the decline of the product life cycle tend to consume a disproportionate share of management and financial resources relative to their future worth.
Finance is defined as money management and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. There are three major types of finance: (1) personal, (2) corporate, and (3) public/government. Finance is a broad term that describes activities related to banking, leverage or debt, credit, capital markets, funds, and investments. At its core, finance describes the process of managing money and raising the funds you need.
Historically, The Wall Street Journal has been one of the most respected and trusted sources of financial information. are essential in any economic system as they allow businesses to buy products that are out of immediate reach. In other words, financing is a method of using the time value of money (TVM) to allocate expected future cash flows to projects that start today.
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in order for market segmentation to be effective, market segments must be large enough for a firm to make a profit by serving them. this means that segments must be multiple choice measurable. differentiable. substantial. accessible. actionable.
In order for market segmentation to be effective, market segments must be large enough for a firm to make a profit by serving them. this means that segments must be measurable.
Market segmentation is the technique of dividing a wide patron or commercial enterprise market, typically which includes existing and capability customers, into sub-corporations of customers primarily based on a few kind of shared traits.
Marketplace segmentation is a manner groups use to interrupt their capacity clients into distinctive sections. This allows the employer to allocate the ideal useful resource to every character section which lets in for greater accurate concentrated on across a spread of advertising campaigns.
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which type of marketing channel includes a retailer or other intermediaries in the delivery of goods and services to consumers? multiple choice question. single-stage online direct indirect
The type of marketing channel that includes a retailer or other intermediaries in the delivery of goods and services to consumers is: Indirect.
What is the indirect channel method?The indirect method of distribution often involves the intermediaries who are put in place to ensure that the goods reach the final consumers.
This indirect channel of distribution is important because it releases the manufacturer from the load of promoting the goods to ensure that they get to the final consumer. This is taken over by third parties who now do the job.
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which financial statement elements (components) are reported in the income statement? multiple choice question. cash flow from operating, investing, and financing activities retained earnings and dividends assets and liabilities revenue and expenses
Financial statement elements that are recorded in income statement are revenues and expenses.
One of the three crucial financial statements used to represent a company's financial performance throughout a certain fiscal period is the income statement. The balance sheet and the statement of cash flows are the other two significant statements.
The revenue, expenditures, gains, and losses suffered by a business over a specific time period are the key themes of the income statement. An income statement, also referred to as the profit and loss (P&L) statement, offers vital information about a company's performance, the effectiveness of its management, underachieving industries, and its performance when compared to peers within the same industry.
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calculate total current manufacturing costs given the following: direct materials cost: $62,000 direct labor cost: $78,000 manufacturing overhead applied: $46,000 actual manufacturing overhead: $51,000 beginning work in process inventory: $32,000 ending work in process inventory: $35,000
The total current manufacturing cost is equal to $186000.
Manufacturing of products and goods involve different types of expenses. These expenses are to be calculated and paid by the manufacturing company in order to maintain the smooth functioning of the manufacturing process. The expenses include labor cost, material cost and many more costs. The formula for calculating the total current manufacturing cost is expressed as
Total current manufacturing cost = Direct material cost + Direct labor cost + Manufacturing overhead applied.
According to the question Direct material cost = $62000, Direct labor cost = $78000 and Manufacturing overhead applied = $46000
Putting the values in expression we get
Total current manufacturing cost = $62000 + $78000 + $46000
Total current manufacturing cost = $186000
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flex company just paid total dividends of $600,000 and reported additions to retained earnings of $1,800,000. the company has 525,000 shares of stock outstanding and a benchmark pe of 15.4 times. what stock price would you consider appropriate?
The stock price you would consider appropriate is $70.40
Earnings per share = (Dividend + addition to retained earnings) / Total number of shares
Earnings per share = (600000 + 1800000) / 525000
EPS = 4.571428571
PE ratio = Stock price / EPS
15.4 = Stock price / 4.571428571
Stock price = 15.4 x 4.571428571
Stock price = $70.4
A stock is a protection that represents a fractional possession in a business enterprise. when you buy a corporation's inventory, you are purchasing a small piece of that business enterprise, known as a share. investors purchase shares in businesses they think will cross up in fee. stocks constitute possession in a publicly traded agency. when you purchase a enterprise's stock, you grow to be part-proprietor of that corporation. for example, if a agency has one hundred,000 shares, and also you purchase 1,000 of them, you personal 1% of the employer.
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mark has decided to start a business! his dream is finally coming true. as mark explores the world of business formation he takes into account a few things: 1. he has enough money to start the business 2. he doesn't like complicated paperwork and having to hold annual meetings 3. the business he is starting is low risk 4. he doesn't plan on hiring any employees 5. he is not worried about making any profit for the first few years. based on this information, what type of business would be best for mark to form?
The business which is best for Mark is a Sole proprietorship
These enterprises are owned by a single person, who is also in charge of overseeing daily operations. A sole proprietorship is responsible for holding all of the company's resources and any profits. They also accept full accountability for all of their commitments and debts. This option has the least complicated, fuss-free construction available. The owner is qualified to receive all business profits.
A sole proprietorship is simple to run and reasonably simple to set up. One person owns the business, hence that person also makes all choices. Thus Mark will own the business and the decisions can be made without meetings or votes. He will also earn all the profits generated and will have unlimited liability for losses or debts. The lack of excessive paperwork and the ability to choose the personnel are further benefits.
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Specialized electronic batteries, such as those for laptops, are hard to dispose of safely, yielding excess pollution when one gets thrown away. Suppose that producing these batteries creates a social cost of approximately $150 per battery. Please shift the appropriate curve or curves to reflect this social cost.
According to neoclassical economics, the social cost of a transaction is the sum of the private costs connected with it as well as the costs that consumers endure as a result of being exposed to it but not paying or being charged for it. It stands for the total of both internal and external costs.
Explain about the social cost?Social costs include both private costs and any additional costs to society that emerge from the production or consumption of a good or service.
Situations where the actors engaged develop a reciprocal relationship with the target of the damage lead to social costs. A and B are two agents who are in a relationship where "both parties produce the damage." Damage to A must be done in order to prevent damage to B. Both parties incur expenses.
The entire cost to society is the social cost. It comprises both internal and external expenses. An illustration of driving to work gasoline payment costs (personal cost) Costs associated with more traffic (external cost)
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a company reported $100,000 in sales and $80,000 in variable costs at the breakeven point of 200 units. if the company sells 201 units, net profit will be blank . multiple choice question. $500 $200 $100 $400
If the company sells 201 units, net profit will be $100
Explain net profit.A company's net profit is calculated after operational expenses, taxes, interest, and depreciation are all deducted from its total revenues. The term is also known as "net earnings" or "net income" and is frequently referred to as a company's "bottom line."
Simply said, profit is the portion of a company's income that is left over after expenses. However, net profit, which is a single number that indicates a certain kind of profit, is more precisely defined. The most well-known bottom line on a company's financial statement is its net profit, often known as net income.
Total revenue - total expenses = net profit
The net profit margin is a measure of net profit (net income) as a proportion of sales for the business. In other terms, the ratio of a company's net income to revenues is known as its net profit margin. Although it can also be written as a decimal, the net profit margin is commonly expressed as a percentage.
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there was an extensive black market (illegal market) for many consumer products in the united states during world war ii. a likely explanation of the black market is that: group of answer choices gasoline rationing greatly restricted civilians from driving to stores. goods were not subject to price controls. the prices of goods were artificially held down by price controls. black markets were legal during the war.
A likely explanation of the black market is that the prices of goods were artificially held down by price controls
The economic dynamics of supply and demand frequently thwart most attempts to control prices for any appreciable amount of time. When supply and demand are balanced and prices are set by business in a free market, prices fluctuate. Government-imposed price limits may result in surplus supply or demand, depending on whether they are set at a ceiling or a floor. This may therefore result in scarcities and black markets.
Amid the shortages experienced during World War II and the Holocaust, many people relied on the black market to obtain food and other necessary items illegally. The black market facilitated resistance and survival, but it also provided opportunities for people to enrich themselves at the expense of others in need.
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allie's only source of income for the year is wages from a part-time job of $9,000. she is not married and has one dependent child. allie has no tax liability and she had no income tax withheld by her employer. what is the amount of allie's earned income credit?
The amount of Allie's earned income credit is $3,060 even though she has no tax liability and no withholdings.
She will receive a refund of $3,060 ($9,000 x .34) even though she has no tax liability and no withholdings.
The Earned Income Tax Credit (EITC) is a refundable tax credit for low-income families, but you must meet certain requirements.
A single mother with one child is eligible if she meets the following criteria:
must have at least one dollar in earned income (wages and salaries only)
must make less than $41,094 per year in investment income investment income must be less than $3,600 single filer
You and your child must have lived in the United States for at least six months.
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this year, jong paid $3,000 of interest on a qualified education loan. jong files married filing jointly and reports modified agi of $157,000. what is jong's deduction for interest expense on an educational loan?
If this year, jong paid $3,000 of interest on a qualified education loan. jong files married filing jointly and reports modified agi of $157,000. jong's deduction for interest expense on an educational loan is: $1,075.
What is educational loan?Educational loan can be defined as a a loan given to student that are unable to pay for the tuition fee in which the student is expected to pay back the loan at within a stipulated period of time.
First step is to find the 2019 phase-out percentage
2019 phase-out percentage = [$157,000 - $140,000] ÷ $30,000
2019 phase-out percentage = $17,000 ÷ $30,000
2019 phase-out percentage = 57%
Now let determine the deduction for interest expenses
= 57%; maximum = $2,500 × (1 − 57%)
= $2,500 × 43%
= $1,075
Therefore we can conclude that $1075 is the deduction for interest expenses.
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product x: revenue $15.00 variable cost $2.50 product y: revenue $25.00 variable cost $10.00 total fixed costs $50,000 what is the operating income, assuming actual sales total 150,000 units, and the sales mix is two units of product x and one unit of product y?
Operating income is $1,950,000 if actual sales total 150,000 units, and the sales mix is two units of product x and one unit of product y.
Since the sales mix is 2 to 1 for X and Y respectively, product X has 2/3 of the sales and product Y has 1/3 of the sales.
Product X Product Y Total
Sales units 100,000 50,000 150,000
Revenue $1,500,000 $1,250,000 $2,750,000
Var. costs $250,000 $500,000 $750,000
Fixed costs= $50,000
Operating income = Revenue-Fixed costs-Var. costs
Operating income = $2,750,000- $50,000 - $750,000
Operating income = $1,950,000
When a firm manufactures more than one product, its percentage of sales is used to determine units sold based on the sales mix of each product.
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talia is the sales rep for atv communication systems. she wants to bid on the rfp issued by state university for distance learning technology. talia knows she will need to provide the university with detailed information, demonstrations of the firm's technology, and training sessions for faculty and students. she will also need to build relationships and learn about the key members of the university's buying center. the type of buying situation is best described as a(n)
Talia is a sales representative for ATV communication systems. She also has to build relationships and learn about key members of the University Mall. The nature of the purchase situation is best described as a new purchase.
A communication system or communication system is a collection of individual telecommunication networks, transmission systems, repeaters, substations and terminals, usually interconnected and capable of working together to form an integrated whole.
As mentioned earlier, the purpose of a communication system is to carry message signals from a source to a destination at a distance from the source. 1 is a block diagram of a communication system; FIG. The system consists of three basic components: transmitter, channel and receiver.
A communication system is a system that describes the exchange of information between two points. The process of sending and receiving information is called communication.
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eople buy insurance: a. to insure against poor health. b. because of externalities. c. because they are risk averse. d. to defer consumption. e. to maximize their welfare.
Aversion to risk is the main reason why people purchase insurance.
What is an aversion to risk?Risk avoidance is the propensity to do so. A risk-averse investor is one who favors capital preservation over the possibility of earning a higher-than-average return. Price volatility in investing equals risk. Investing in a risky asset can either make you wealthy or eat up your savings. A cautious investment will increase gradually over time. More stability equates to low risk.
A low-risk investment ensures a respectable, if unspectacular, return with an essentially zero percent chance of losing any of the initial investment. In most cases, the return on a low-risk investment will eventually match or slightly exceed the rate of inflation. Money could be made or lost on a high-risk investment. Risk seeking can be contrasted with being risk averse.
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modeling real life you have $25 to purchase apps on your cell phone. each app that you want costs $3.99. describe the numbers of apps you can purchase.
6 apps .
There are a total of six apps available for purchase.
Explain unitary method?The unitary method is the method in which we first find the value of one unit and then the value of the required number of units.The unitary method technique for solving problems that involves first determining the value of a single unit and then multiplying that value by the required value.Here it is given that :
Total amount = $25.
Per app costs = $3.99.
As a result, a large number of apps can be purchased.
= 25/3.99
= 6.2656
= 6 apps .
As a result, six apps are available for purchase.
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three weeks ago, you purchased a june $47.50 put option on wiggins, incorporated, stock at an option price of $.60 per share. the market price of the stock three weeks ago was $47.20. today, the stock is selling at $48.10 per share. what is the intrinsic value of your put contract?
The intrinsic value of your put contract of the stock selling is zero.
A value determined using simplified assumptions is typically referred to as an asset's intrinsic value. For instance, the intrinsic value of an option is determined by the underlying instrument's present market value, but it disregards the time value of money and potential future variations. If an option is in the money, it is considered to have inherent value.
When not in the black, it has no intrinsic value. This metric is determined using an intricate financial model or an objective computation. The intrinsic value of an asset is distinct from its present market value. The model combines the stock's current per-share book value with its discounted residual income to determine the stock's intrinsic value.
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given: department a 8,000 sq. ft., department b 5,000 sq. ft., and department c 6,000 sq. ft. the percent of overhead expense applied to department c to the nearest whole percent will be:
The percent of overhead expense applied to department c to the nearest whole percent is 32%.
The percent of overhead expense of department C is the proportion or the share of department C;s occupation compared to total.
Total area = department A + department B + department C
= 8,000 + 5,000 + 6,000
= 19,000 square feet
Percent of overhead expense of department C
= area of department C / total area x 100%
= 6000/19,000 x 100% = 32% ( to the nearest whole percent)
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Vulcan, inc. , has 7 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the ytm on these bonds is 8. 4 percent, what is the current bond price?.
The cost of the bond right now is $891.74.
A zero-coupon bond is one in which the face value is paid back when the bond matures. Bonds with coupon values have annual interest payments.
Do safe coupon bonds exist?However, zero coupon bonds are not without risk. Zero coupon bonds are exposed to interest rate risk if you sell them before they mature, just like almost all other bonds are. If interest rates increase, your zero coupon bond's secondary market value is likely to decrease.
One explanation for the bond price is:
Given,
Discount rate is 7%.
Number of years till maturity (Nper) = 13
Par value is equal to $1,000 YTM, or 8.4%.
Annual coupon received (PMT):
PV of the coupon is calculated as follows: CP = $891.74
The bond's current value will be $891.74 as a result.
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an entity has two long-term construction contracts, one of which qualifies for revenue recognition over time and the other which does not (and so requires revenue recognition upon completion of the contract). for either of these two contracts, what account would be debited when preparing the journal entry to record billings? qualifies does not qualify a. billings cash b. construction receivable construction receivable c. cash billings d. constructions in progress construction in progress
Construction Receivable is still owed to you when you have finished a task or rendered a service but have not yet been paid for it. Accounts receivable records the cash "to be received" (AR).
Receivable refers to the fact that the payment has not yet been realized. This implies that a credit line must have been made available to the clients by the business. Typically, the business accepts payment in cash and on credit for its products and services.
Trade accounts receivable notes and other receivables are the three main categories that makeup receivables. Credit managers and controllers in the construction and building material supply businesses should refer to this Accounts Receivable Management resource.
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consider a risk-free asset with a return of 4% and a risky asset with an expected return of 12% and volatility of 16%. what is the volatility of a portfolio made up of these two assets with expected return 10%?
The only factor that determines an asset's expected return is its systematic risk. systematic portion is important when figuring out that asset's expected return and risk premium.
How is risk return calculated?
Keep in mind that the risk-to-reward ratio is determined by dividing your net profit—the reward—by the cost of your maximum risk. If your stock increased to $29 per share, as in the XYZ scenario above, you would receive $4 for each of your 20 shares, making a total of $80.Given that you paid $500 for it, divide 80 by 500 to get 0.16.
How is expected market return calculated?
After totaling these results, the probability of a given outcome being realized is multiplied by the potential return. Returns that are expected cannot be guaranteed. The weighted average of the expected returns of all of the investments in a portfolio determines the expected return.
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on october 11, your firm receives a $7,500 down-payment toward a $15,000 video your firm will produce, and you book it in unearned revenue. if, at year-end, 20% of the work is completed, what adjusting entry will you record?
Adjusting entries are a group of journal entries made at the conclusion of the accounting period to ensure that the balances of all the accounts are current and accurate. Simple applications of the accrual basis of accounting are adjusting entries.
What does the accounting term "adjustment" mean?Simply said, an adjusting entry is a change you make to your books to better match your revenue and expenses with your financial statements. At the conclusion of the accounting period, adjusting entries are made. This can happen towards the conclusion of the month or the year.
Utility bills, salaries, and taxes are a few examples of expenses that are typically billed at a later time after they have been incurred. An adjustment entry is made to eliminate the account payable that was previously recorded together with the accumulated expense when the cash is paid.
Main Points : At the conclusion of an accounting period, adjusting journal entries are written in a company's general ledger to comply with the matching and revenue recognition standards. Accruals, deferrals, and estimations are the three most typical types of adjusting journal entries.
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if for some reason americans desired to increase their purchases of foreign assets, then other things the same a. the real exchange rate would fall and the quantity of dollars exchanged in the market for foreign currency would rise. b. the real exchange rate would rise and the quantity of dollars exchanged in the market for foreign currency would fall. c. both the real exchange rate and the quantity of dollars exchanged in the market for foreign currency would fall. d. both the real exchange rate and the quantity of dollars exchanged in the market for foreign currency would rise.
If for some reason Americans desired to increase their purchases of foreign assets, then other things the same d. the real exchange rate would fall and the quantity of dollars exchanged in the market for foreign-currency would rise.
What is exchange rate?The rate at which one currency will be exchanged for another is known as the exchange rate.The majority of exchange rates are characterized as floating and fluctuate in response to market supply and demand.Some exchange rates are set or linked to the value of the currency of a particular nation.Exchange rate fluctuations have an impact on businesses by altering the cost of supplies imported from other nations and the demand for their goods among clients abroad.To learn more about exchange rate visit:
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which of the following is true of a robust process? multiple choice question. variation in input variables leads to a large number of defects. variation in environmental variables leads to a large number of defects. variation in input variables does not lead to large amount of variation in outcome variables. variation in input variables causes large amount of variation in outcome variables
A graph used to examine how a process evolves over time is the control chart. Data are plotted according to time. variation in environmental variables leads to a large number of defects.
An average line in the middle, an upper line for the upper control limit, and a lower line for the lower control limit are always present on a control chart. These curves were created using historical data.
Give the process to the operators to manage. environmental variables Enhance process control to reduce output fluctuation, reduce unit costs, and boost processing capacity. Establish a single language so that all employees can talk about and improve procedures. Control charts cannot take the place of action.
If a process can withstand changes in input and ambient factors without developing a flaw, it is robust. The term "systematic variation" in research and experimental contexts typically refers to an anomaly or error in observations that is caused by variables not under statistical control environmental variables.
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variation in input variables does not lead to large amount of variation in outcome variables
robust process means there's not much variation or at least not enough to affect the process
che contracted with a software development team to create a program for his company. he wants to review the budget and schedule for the project every week. which project team member should he contact for this information?
The project team member which Che should contact for information on budget and schedule for the project every week is a: C. Project manager.
What is project management?Project management simply refers to the strategic process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.
Who is a project manager?A project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to successfully execute and implement a project.
In conclusion, we can reasonably infer and logically deduce that a project manager would have all of the information pertaining to weekly budget and schedule for a project it is in charge of or managing.
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Complete Question:
Che contracted with a software development team to create a program for his company. He wants to review the budget and schedule for the project every week. Which project team member should he contact for this information?
A. IT department
B. Designer
C. Project manager
D. Programmer