Scope defines the limit about how much work can the company do. The schedule refers to the time period. Costs refer to the cost the company has to bear. Customer satisfaction refers to the satisfaction the customer will have by consuming the product. These are considered constraints because there is only a limit to which the company can afford this.
The scope is the limits that the company has to work under. There will be many resources that may be available that the company can make use of but does not. This may be because using those resources it may be outside the scope of the company and the company may not be able to utilize them.
The schedule refers to the period in which the product may be ready for sale by the company. It may also refer to time schedule regarding the working of the employees. These are also constraints as there will be some limits before which the work cannot happen. The cost refers to all the different costs of the company. This may refer to variable cost, fixed cost, opportunity cost, etc.
The company will have to keep these costs into consideration while pricing the product. So in this way, the costs are also considered to be constraints. Customer satisfaction is the fundamental factor that governs the profit and loss of a business. The customer has to be satisfied then only he will buy from us. So there may sometimes be situations when this may not be possible.
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True or False? Hard skills will get you the job, but soft skills will allow you to keep the job.
The statement Hard skills will get you the job, but soft skills will allow you to keep the job is true.
What is hard skills and soft skills?Hard skills can be defined as the skills your possess which are the one you have as a result of been educated and the skills you possess as a result of the experience you have gain.
On the other hand Soft skills can be defined as inbuilt skills you possess that can enables you to succeed at your workplace and this skills includes the way you communicate and interact with people at your place of work.
Therefore the statement Hard skills will get you the job, but soft skills will allow you to keep the job is true.
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interest rates are important to financial institutions since an interest rate increase the cost of acquiring funds and the income from assets.
Interest rates are important to financial institutions since an interest rate increase the cost of acquiring funds and increases the income from assets. The amount of interest due every period as a percentage of the amount lent, deposited, or borrowed is referred to as the interest rate (called the principal sum).
The annual interest rate is the rate over a one-year period. Other interest rates are applicable over different time periods, such as a month or a day, but they are typically annualized. The interest rate is defined as "an index of the preference for a dollar of present [income] over a dollar of future [income]."
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anyone in the country can form a business and start selling products or services as a sole proprietor.
Everybody in us can shape an enterprise and begin selling services or products as a sole proprietor. proper A limited legal responsibility employer (LLC) is a prison commercial enterprise entity fashioned thru your nation. It consists of one or more proprietors called participants.
A sole proprietorship, also known as a sole tradership, person entrepreneurship, or proprietorship, is a form of agency owned and run by one individual in which there's no prison difference between the proprietor and the enterprise entity. A sole trader does not always work on her own and might employ different humans.
A sole proprietorship is a business that may be owned and managed by way of a character, an organization or a confined liability partnership. There aren't any partners within the commercial enterprise. The criminal reputation of a sole proprietorship may be described as follows: It is not a separate criminal entity from the business proprietor. However, the business proprietor is individually responsible for all debts incurred by way of the business." Examples of sole proprietors encompass small organizations which include, a nearby grocery keep, a neighborhood clothes keep, an artist, a freelance creator, an IT representative, a freelance photo designer, and many others.
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A promising way for audiences to know you understand them is through top-funnel content that moves them away from? obstacles frustrations boredom anger high costs
A promising way for audiences to know that you understand them is through top-funnel content which moves them away from obstacles frustrations.
Top-funnel content is content which does not try to sell the audience on a product or service, but instead it helps, educates, and answers the common questions or pain points.
So top of the funnel is referred to as the marketing activities which is thus carried out mainly to create an awareness about a brand or product. Through this, audiences can know you understand them and which moves them away from any such obstacles frustrations which might be an obstacle for a customer purchase.
Hence, option A is correct.
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Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting?
The statement Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting is True.
What is management?Management can be defined as the process of running the day to day operation or activities of a business which in turn can tend to lead to smooth running of a business.
To effectively run a business, a manager can tend to make use of the managerial functions which are:
PlanningLeadingCoordinatingControllingThe above managerial functions are essential or important to day to day running of a business which is why it is of necessity that managers that want to succeed in their job position to make use of this functions.
Therefore the statement Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting is True.
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The complete question is:
Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting? True/False
suppose that at a price of $5, consumers want 50 units, and producers want to sell 75 units. this is:
Based on the fact that consumers want 50 units and producer want to sell 75 units, the result is that the market is not in equilibrium.
Why is the market not in equilibrium?A market is in equilibrium when the amount of goods that consumers want is equal to the amount of goods that producers want to sell.
That amount of goods is the equilibrium quantity and the price of the good is the equilibrium price. If the market has consumers that are demanding less goods than producers want to sell, the market is not in equilibrium.
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The+yield+to+maturity+of+a+bond+is+currently+10%+but+is+expected+to+fall+to+9%+in+the+near+future.+assuming+a+three-year+duration,+calculate+the+estimated+percentage+change+of+the+bond.
The estimated percentage change of the bond. 2.7272 or 2.73% change.
change in the price of a bond will be +2.73%
To find this we need to calculate modified Duration which will tell us the volatility of the bond, which means the percentage at which the bond will change with every 1% change in interest rate.
Remember, the change in the price of a bond happens opposite to the change in interest rate, which means if interest rates are falling, bond prices will rise.
Modified Duration = Duration of bond / ( 1 + YTM )
= 3 / ( 1 + 0.1 )
= 3 / 1.1
= 2.7272 or 2.73% change with every 1% change in interest rate.
So if the interest rate falls to 9%, there is a 1% fall in interest rate, so the price of a bond will rise by 2.73%
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decision point: do you know the sections of the business plan? think you've got a good grasp of the sections of a business plan? drag each description into the correct section of the business plan. once you have categorized all the items, click submit.
High-level description of the company, including the mission statement, the address, and the main personnel - Company Overview
How to illustrate the information?Market Research provides in-depth analysis of the industry, competitors, target market, and legal requirements.
An explanation of your customer identification process and marketing strategy - Marketing and sales
Financial Projections: An explanation of how your company will fulfill its financial responsibilities and keep a healthy cash flow
A succinct, appealing introduction of your company, its clients, and how you contribute to its success - Executive Summary
A description of your goods and services, how they will satisfy client needs, and advantages over similar offerings from rival businesses - Goods and Services
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which of the following factors influences demand? consumer income prices of complement goods prices of substitute goods number of consumers
Consumer income influence demand.
Income and demand for common commodities are tightly correlated, which means that as income rises, demand will follow suit and vice versa if income falls. For instance, most people consider consumer durables, technology, and leisure services to be standard goods. When it comes to inferior commodities, income and demand are inversely correlated, which means that as income rises, demand declines while income falls, and demand rises. For instance, basic items like bread and rice are frequently of lower quality. An inferior good is one whose demand decreases as wealth increases and vice versa.
In other words, the demand curve moves to the left as income rises.
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As the owner of a hotel, you have decided to lower the price for all rooms in the month of october. what should you expect to happen?
As the owner of a hotel, you have decided to lower the price for all rooms in the month of October. As the price is lowered, the quantity demanded of rooms will increase.
This is further explained below.
What is the price?Generally, A price is the amount of money or other kinds of remuneration that one party offers to another in exchange for the provision of products or services.
There are various contexts in which a different term is used to refer to the cost of manufacturing.
In conclusion, You are the proprietor of a hotel, and you have made the decision to reduce the cost of each room for the month of October.
As the price is brought down, there will be an increase in the number of rooms that are requested.
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the new cereal product development team included a project manager located at headquarters in chicago, a marketing specialist in the los angeles office, and a research and development (r
The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development team in Kansas are Self-directed work groups and virtual teams.
In addition to creating better jobs, development is important for the country as it improves the economy and trade. As the country develops, more and more international companies are settling in and trading with other countries. This will further improve the country's economy and further increase the supply of good jobs.
Level of Development (LOD) is a concept that has different definitions and implementations. The core of the concept is that development status defines the content and reliability of her BIM elements at various stages or milestones. "Content" means geometric information, structured data, and linked documents.
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Mario is in charge of his department's planning and organizing. he also allocates resources for his department. which function does he fill for his department?
Mario is in charge of his department's planning and organizing. he also allocates resources for his department. The function that he can be said to fulfill in this department would be management function.
What is meant by management function?This is the term that is used to refer to all of the work that the managers of a business would have to put in daily in order to get the daily operation of the business running.
These operations would have to be planning, organizing and the control of resources. Hence we can ay that The function that he can be said to fulfill in this department would be management function.
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An organization has a main office and three satellite locations. data specific to each location is stored locally in which configuration?
The corporation has a primary workplace and 3 satellite tv for pc places. facts precise to every location is saved regionally in configuration Shared.
The definition of location is the location where something is or wherein something is going on. An example of a region is the teaching station. a place marked off or specified for a particular cause. (movie) an outside set or putting, away from the studio, wherein scenes are filmed.
Herbal location approaches the vicinity of these channels, swales, and other nonmanmade conveyance structures as described by way of the first documented topographic contours existing for the challenge belongings, either from maps or pictures, or such different approaches as suitable.
Turning off the location provider on your smartphone can help hide your area. that is critical if you don't need third parties' understanding wherein you're or being able to track your motion. but, a smartphone can nonetheless be tracked via different techniques that screen its general vicinity.
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davis company produces two hair dryers: regular and deluxe. the company has four activities: machining, engineering, receiving, and inspection. information on these activities and their drivers is given below.
CNC machining Bangalore often refers to one of the numerous reductive procedures that remove material from the workpiece in order to complete the pattern. CNC systems execute the full online CNC machining process using computerized controls, producing components that are consistently reliable. Online CNC machining tools can execute the same set of instructions repeatedly to produce identical parts in small or big quantities.
Nearly every industry and application uses online CNC machining services to produce parts and components. This pertains to the aerospace industry as well as other extremely complicated industries that need extensive machining techniques. This procedure can be applied by manufacturers to substrates like:
composite substanceFoamGlassMetalsPlasticsWoodIn the industrial manufacturing process known as CNC machining, factory equipment and tools are moved according to instructions provided by computer software. From grinders and lathes to mills and routers, a variety of complicated machinery can be operated by the CNC method. Three-dimensional cutting jobs on metal or plastic blocks can be completed with CNC machining using just one set of instructions.
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a marketer is wondering if environmentally-friendly packaging should be used for the firm's product since it costs more to do so. this ethical question relates to which element of the marketing mix?
A marketer is wondering if environmentally-friendly packaging---as ecologically friendly packaging is more expensive, a marketer wonders if it should be utilised for the firm's product.
This ethical concern is about the product component of the marketing mix.
Marketing:
Marketing is the method of exploring, creating, and delivering value to meet the needs of a target market in the form of goods and services; possibly including the selection of a target audience; the selection of certain attributes or themes to emphasise in advertising; the operation of advertising campaigns; attendance at trade shows and public events; the design of attractive products and packaging for buyers; and the definition of the terms of sale, such as price, discounts, warranty, and return policy.
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In the information value chain presented in the book, what precedes the collection of data?
In the information value chain presented in the book, what precedes the collection of data Business Event.
What is Business ?
A business is a group of people or an inventive entity that engages in industrial, commercial, or professional activities. Companies can be either for-profit businesses or nonprofit organisations. There are many different sorts of businesses, including corporations, partnerships, limited liability companies, and sole proprietorships. One excellent example of a business is farming. An example of commerce is the sale of a home.
Therefore,
What comes before the data gathering Business Event in the information value chain shown in the book.
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when a bank decides whether or not to make a loan to a customer it knows will be unlikely to be able to repay the loan, this is an example of: corporate sustainability initiative an ethical issue social responsibility initiative
When a bank decides whether or not to make a loan to a customer it knows will be unlikely to be able to repay the loan, this is an example of Clarification of "Corporate Governance"
What is Corporate governance?Corporate governance refers to matters about a company's governance; it is a set of guidelines and regulations that govern how a business is run. It entails weighing the company's interests. However, Depending on the writer's objectives defines corporate governance, is described, or characterized in a variety of ways. Writers who are interested in a certain discipline or area frequently use limited definitions that seem purpose-specific.
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you are manager of a specialty coffee shop and collect data throughout a full day regarding waiting time for customers from the time they enter the shop until the time they pick up their order.
A skewed right distribution would be the most desirable as this would mean there are a lot of short waiting times & only a few long waiting times.
Note: The question isn't complete. Full question is bellow:-
What type of distribution do you think would be most desirable for the waiting times: skewed right, skewed left, mound-shaped symmetric?
What is skewed distribution?In a symmetric distribution, the two "halves" of the histogram are mirror reflections of one another. When there is no such mirror-imaging, the distribution is said to be skewed (non-symmetric).
One tail of the distribution frequently appears to be longer or dragged out relative to the other in skewed distributions. A distribution is said to be "skewed right" if the right side of the tail is present. When the tail is on the left, a distribution is said to be "skewed left." Right-skewed distribution is represented by the histogram up top.
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What are common potential problems associated with group decision making?
Some common potential problems are - Groupthink
- Goal displacement
- Satisficing
Goal displacement, as it was first described by Michels in 1911, is the process by which the initial, frequently radical or idealistic aims of an organization are replaced by the subpar goals necessary to keep the organization alive and its leadership in position (Michels, 1949). (1949)
The March of Dimes' pivot from its original 1938 mission to find a treatment and cure for polio is the paradigmatic example of purpose displacement.
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A manufacturer supplies a ______ lease while an independent leasing company provides a ______ lease.
A producer supplies an income-type rent at the same time as an independent leasing business enterprise gives an instantaneous.
Unbiased humans have a mind of their very own. it's far due to this exceptional that their ideals and principles are nicely-rooted and can't be easily swayed with the aid of the critiques of others. Any selection they take is primarily based on what they believe and not on the expectations or judgments of society.
It promotes self-belief and in addition to motivation and perseverance in college. It fosters self-reliance, permitting your toddler to feel they've been manipulated over their existence. A girl who supports herself on her own entirely and is proud in order to achieve this could be seen as being impartial. An independent woman is aware of what she feels, says what she actually believes, and lives real to her personal values. She owns her very own power and looks out for herself.
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What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is larger than the supply shift?.
The equilibrium price rises and the equilibrium quantity falls when demand increases and at the same time supply decreases but the demand shift is larger than the supply shift.
When opposing forces balance each other out and there are no changes happening, the condition is said to be in equilibrium. When supply and demand are equal, this is an example of equilibrium in economics. Being composed and stable is an illustration of equilibrium. Similar to the word number, quantity can be used for singular or plural nouns that can be measured or counted. The primary distinction is that when referring to an inanimate thing, it is preferable to use quantity. Quantity and number, however, can occasionally be used interchangeably, particularly when the noun is plural.
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The question was incomplete. Check below the full question
What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is larger than the supply shift?.
a.Both the equilibrium price and equilibrium quantity will rise
b.The equilibrium price falls and the equilibrium quantity rises
c.The equilibrium price rises and the equilibrium quantity falls.
d. Both the equilibrium quantity and price will fall
suppose the market for tomatoes is in equilibrium, and events occur that simultaneously shift both the demand and supply curves to the right. if this is the only information you have, what can you say about how the equilibrium price or quantity would be affected? the equilibrium price and quantity would both decrease. quantity would increase, whereas the direction of the change in equilibrium price would be indeterminate. price would increase, whereas the direction of the change in equilibrium quantity would be indeterminate. price and quantity would both increase.
As a result of the shift of both the demand and supply curve, quantity would increase, whereas the direction of the change in equilibrium price would be indeterminate.
What would be the effect of the shift?When the market for tomatoes is in equilibrium, it means that the quantity supplied is equal to the quantity demanded.
When the demand curve shift to the right, it means that there is an increase in demand. When there is an increase in demand, the equilibrium price and quantity would increase.
When the supply curve shift to the right, it means that there is an increase in supply. When there is an increase in supply, the equilibrium price would fall and equilibrium quantity would increase.
Taking the changes in these curves, the equilibrium quantity would increase and there would be an indeterminate effect on the equilibrium price.
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Answer:
rice would increase, whereas the direction of the change in equilibrium quantity would be indeterminate. price and quantity would both increase.
Explanation:
rice would increase, whereas the direction of the change in equilibrium quantity would be indeterminate. price and quantity would both increase.
If+sales+are+$795,000,+variable+costs+are+71%+of+sales,+and+income+from+operations+is+$279,000,+what+is+the+contribution+margin+ratio?
a. 67%
b. 33%
c. 29%
d. 71%
The contribution margin ratio is 33% I.e option b.
A sale is a transaction between two or more parties in which goods or services are variable costs for money or other assets. In the financial markets, a sale is an agreement between a buyer and seller involving the price of a security and its delivery for agreed-upon compensation
Sales: 525000
Variable cost ratio: 64%
Variable cost (525000*64%) 336000
Contribution (Sales-Variable cost) 189000
Contribution margin ratio = Contribution /Sales *100
$ 189000 /525000*100 = 33%
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assme a sales price per unit of $10, variance cost $6 and total fixd cost $134400 break even points in units
Break even point in units is 33600$
It is calculated as follows:
Total FC/ unit contribution
Here Total FC is 134400
and unit Contribution is calculated as Sales price- variable cost
Therefore:
$134400/($10 - $6) = 33600 $
The breakeven point or the break-even price for a trade and investment is determined by comparing the market price of an asset to the original cost of the product.
The breakeven point is always reached when the two prices are equal.
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what if the business printer used 20,000 hours (to produce 20,000 units) instead of 10,000 hours (total expected hours remain the same)? calculate the effect on the profitability of this product line if all 20,000 units are sold
To find out Profitability decreases or increases we first need to find plant wide rate by dividing estimated overhead with expected activity.
Through the below calculations we can agree that Profitability decreases by $800,000.
Plant wide rate = estimated overhead/expected activity
=2,000,000/50,000 = $40 per hour
Since it is given that deluxe product used 20,000 hours instead of 10,000 hours then the applied overhead increases to =$40*20,000 = $800,000
A condition in which an enterprise is making a profit is referred to as profitability. When total revenue during a reporting period exceeds total expenses during that period, profitability results. Since some accrual-basis transactions (like depreciation) do not include cash flows, it is highly conceivable that the profitability criterion will not be met by the cash flows produced by the organisation if a firm records its business transactions using the accrual basis of accounting.
Therefore Profitability decrease by 800,000.
Your question is incomplete. Kindly find the missing part below:
Applied Overhead and Unit Overhead Cost: Plantwide Rates
Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year:
Estimated overhead $2,000,000
Expected Activity 50,000
Actual Activity(Direct labour hours)
Deluxe dryer 10,000
Regular Dryer 40,000
Units produced
Deluxe dryer 20,000
Regular dryer200,000
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When attempting to gain commitment, mary elizabeth presents her buyer two legitimate options from which she can choose. which commitment-gaining technique is mary elizabeth utilizing?
Mary Elizabeth presents her buyer with two legitimate options from the commitment-gaining technique is mary Elizabeth utilizingales resistance means the buyer is not interested in the product.
Mary Elizabeth is a man or woman in Perks Of Being Wallflower, as well as Charlie's first EVER lady friend. in the film, she is portrayed by way of Mae Whitman.
Mary Elizabeth Mastrantonio (born November 17, 1958, top five' 4" (1, sixty-three m)) is an American actress and singer acknowledged for her position as Carmen inside the color of cash, in addition to for her roles as Lindsey Brigman in the Abyss, Gina Montana in Scarface, and Maid Marian in Robin Hood: Prince of Thieves.
Mary Elizabeth Winstead is an American actress and singer. She is well called Lucy McClane within the Diehard franchise and Ramona plant life in Scott Pilgrim vs. the world. She additionally played Jessica Bennett in the NBC series Passions.
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If something is an intangible or tangible characteristic of a product, service, or offering, it is considered a:_________
If something is an intangible or tangible characteristic of a product, service, or offering, it is considered as a feature of the product.
Tangible assets are generally physical assets or property owned by any company. Tangible assets are the main type of assets which the companies generally use to produce their product and service.
Intangible assets however don't physically exist, yet they do have a monetary value since they also represent potential revenue.
There are different types of assets which could be considered as tangible or intangible and some of which are short-term or long-term assets.
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Along with studying trends in the environment, a first step in looking for attractive opportunities is to?
Understanding the firm's resources and goals is a first step in looking for appealing prospects, along with researching environmental trends.
What are trends?Trends indicate what’s popular at a specific point in time. A trend is a general development or shift in the way people are behaving or in a given scenario. In other words, a trend is when something is moving or developing in a general direction.
There are several circumstances in which we might discuss trends. For instance, the term "social media trends" describes a number of trends based on user interactions and content sharing on social media platforms. For marketing, competitive advantages, business intelligence, and a variety of other objectives, it is crucial to recognize social media trends. Users' attention spans are short today and are continually getting shorter, which has had a significant impact on how people consume content.
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Under _____________ structure, teams operate as separate units under the leadership of a full-time project manager. group of answer choices
Under Project Management structure, teams operate as separate units under the leadership of a full-time project manager. Teams work independently as a group under the direction of a full-time project manager. Functional departments are in charge of supporting the teams in a projectized organization, where projects are the primary mode of doing business.
Functional, matrix, and projectized organizational structures are the three different forms used in project management. The power, responsibilities, and tasks of the team members within the current organizational structure determine each project structure framework. An organizational framework known as a project structure allows staff to work constantly on projects.
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project assumptions are specific factors that can limit options, including budget, delivery dates, available skilled resources, and organizational policies. group startstrue or falsetrue, unselectedfalse, unselected
Project constraints is the correct option, Project constraints are restrictions that can affect your project's quality, delivery, and overall success. According to some estimates, there are up to 19 project restrictions to take into account, such as resources, technique, and client satisfaction.
What is Project Constraints?
Every project has limitations and risks that must be controlled if it is to be long-term successful. The three basic constraints that project managers must be aware of are time, scope, and money. These are sometimes known as the triple limits or the project management triangle. Each restriction is linked to the other two. For example, increasing the project's scope would probably cost more money and time, but reducing the timeline may save costs but increase the project's scope.
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