All categories

2 years ago

Which of the following activities are typically included in a project kick-off meeting?

Business

1 answer:

ASHA 777 [7]2 years ago

7 0

Answer:

b. The project manager outlines the project goals

Explanation:

As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.

The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.

Following steps would be noteworthy for conducting an effective project kick off meeting:

The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
Beginning the project client relationship on a good note and gaining client's support.
Putting one's best efforts with a systematic planned approach for the project kick off client meeting.

You might be interested in

Which two of the four cs of credit have to do with earning potential and available cash?

Natali5045456 [20]

The four 'Cs' of credit are : Character, Capacity or Cashflow, Capital and Conditions.

Out of the 4 'Cs' of credit, the two 'Cs' that deal with the earning potential and available cash are 'Capacity' and 'Capital'.

Capacity: It is the assessment the of the ability of any business to pay bills and maintain the cash flow. It contains in it the debt structure of the firm and the unused credit.

Capital: It is the assessment, if a company has the ability to pay back its creditors by the help of its financial resources or available cash.

7 0

2 years ago

Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a co

Colt1911 [192]

Answer:

See below

Explanation:

a. Given that the overhead application rate is $21.40 per direct labor hour and total labor hours used during the period are 8,250 hours

Overhead applied = $21.40 × 8,250

Overhead applied = $176,550

Actual overhead incurred = $172,500

Then, the manufacturing overhead is over applied for the period by $4,050

I.e

= Overhead applied - Actual overhead incurred

= $176,500 - $172,500

= $4,050

b. With regards to the above, if the over applied overhead is closed out to cost of goods sold, it means that the cost of goods sold amount would decrease . The reason is that since cost of goods sold is deducted from revenue to determine gross margin, a reduction in cost of goods sold would bring about an increase in the company's gross margin for the period by $4,050

8 0

2 years ago

The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of Medicare tax withheld on total s

svlad2 [7]

Answer:

the journal entry should be:

Dr Salaries expense 70,000

Cr FICA - Social security taxes payable 4,200

Cr FICA - Medicare taxes payable 1,050

Cr Employee federal income taxes withheld payable 15,350

Cr Retirement saving withheld from employees payable 2,800

Cr Salaries payable 46,600

Explanation:

If the company was to journalize their payroll taxes expense:

Dr Payroll tax expense 5,250 + (depends on FUTA and SUTA taxes)

Cr FICA - Social security taxes payable 4,200

Cr FICA - Medicare taxes payable 1,050

Cr State unemployment taxes (SUTA) payable (varies depending on salaries)

Cr Federal unemployment taxes (FUTA) payable (varies depending on salaries)

7 0

2 years ago

A group of management consultants is studying OGSI Manufacturing and its team management strategy. Once Pete Jazoni's work group

boyakko [2]

Answer:

the Hawthorne effect

Explanation:

The Hawthorne Effect is the theory that states that people are more likely to modify their behavior because they are under study or evaluation and not as a result of response to stimuli.

Therefore, according to the given question, Pete Jazoni's output nearly doubled once it was selected for special attention by experts. This is an example of the Hawthorne effect.

7 0

2 years ago

Pension data for the Ben Franklin Company include the following for the current calendar year: Discount rate, 10% Expected retur

densk [106]

Answer:

A. $250,900

B. Dr Pension expense $250,900

Dr Net gain–pensions $4,700

Cr Pension asset $228,600

Cr Prior service cost $27,000

Dr Pension asset $ 227,000

Cr Cash $ 227,000

Explanation:

A. Calculation to determine the pension expense for the year

Service cost $270,000

Add Interest cost (10% x $1,470,000) $147,000

Less Expected return ($188,400 )

(12%*1,570,000)

Add Amortization of prior service cost $27,000

)

Less Amortization of net gain($4,700)

Pension expense $250,900

Therefore pension expense for the year will be $250,900

B. Preparation of the journal entries to record pension expense and funding for the year)

Dr Pension expense $250,900

Dr Net gain–pensions $4,700

Cr Pension asset ($270,000 + 147,000 – $188,400) $228,600

Cr Prior service cost $27,000

Dr Pension asset $ 227,000

Cr Cash $ 227,000

7 0

2 years ago

Which of the following activities are typically included in a project kick-off meeting? ​

Which of the following activities are typically included in a project kick-off meeting?