Chapter 3 Review Questions
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Apr 3, 2024
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docx
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Uploaded by ConstableSnow2437
Name: David Whitlock
Course: CNBT-2342
Chapter: Ch 3
Date: 1-22-24
Section: 500
Assignment: Review Questions
1.
List and briefly explain the generic skills needed by construction cost estimators. 2.
What are the six levels of construction cost estimates? Provide a brief explanation of each. 3.
Compare and contrast a Level 1 and a Level 5 construction cost estimate. 4. Explain the unit price model for preparing construction cost estimates. 4.
Explain the systems or assemblies model for preparing construction cost estimates. 5.
Compare and contrast the unit price and systems or assemblies models. 6.
What are the seven “systems” in the UNIFORMAT II model? 7.
List and briefly explain the various tasks in the construction estimating process. 8.
What are the different factors that make up the cost of construction equipment? 9.
What are the factors that make up the cost of operating construction equipment? 10.
List the most common overhead costs in a construction project. 11.
Explain the concept of LEED ® certification of buildings and how it can affect the cost of the building. 12.
List the various factors that give construction firms LEED ® points or credits when constructing a building.
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Related Questions
Assignment (P31)
Perform a break-even analysis for the following
scenario. Assume you sell widgets. You have total fixed
costs of $12,000. Your manufacturing and shipping of
widgets costs $7 per widget. You sell each widget for
$22. What is your break-even point? How many widgets
do you have to sell to realize a net profit of $15,000?
Requirements:
(1). list and calculate the three financial elements of
break-even analysis in this scenario.
(2). To find one method you think is the most suitable
for this scenario to increase the net profit. Give some
explanation of your method.
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section (A) Mutiple choice question has 2 options which is the best least option or the number of miles driven. for the 1st and 3rd part of this section and the second and fourth part potential solutions are 2,3,4, 9,?
Section (C) potential solutions are Dealer A, Dealer B, Dealer C, Dealer A or B, Dealer A or C, Dealer B or C
NEED FULLY CORRECT SOLUTION FOR THIS.
ASAP!!!
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SEM Chap 3 - Student Copy - Gatorade Website Research Assignment (2) -V
References
Mailings
Review
View
Acrobat
O Tell me what you w
=,=,年,三 T
A
Aa -
AaBbCcDc AaBbCcDC
A- a. A-
1 Normal
T No Spac.
Paragraph
1. For what sports team is Gatorade named?
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Q.No.2. You are sponsoring a project and what parameters you have to keep in your mind while deciding the total time period required to complete a developmental project?
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Assignment No. 11
Answer 2 a, b, c
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Equipment ExpensesAnalyze the cost differences for a project that needs the use of a trencher Compare the cost differences between renting and buyingâamortizing the purchase price over a five-year period Which would be the best approach, renting or purchasing?
Explain how equipment expenses differ from other installed construction items, such as lumber and steel What unique accounting aspects need to be considered when estimating equipment used in a construction estimate?
Submission Requirements:Submit a Word document with the following specifications:
Font: Arial, size 12, double-spacing
Citation style: APA
Length: 2â3 pages
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Case information:
Globo Gym Services Pty Ltd is a provider of maintenance services for
commercial gym equipment. Gyms throughout Australia engage Globo
Gym Services to maintain their gym equipment. As a company specialising
in gym equipment maintenance, Globo Gym is able to provide clients with
efficient and timely repairs, more cost efficiently than gyms could
otherwise undertake through employing their own staff.
The COVID-19 pandemic has hit gyms particularly hard, with lock downs
forcing gym closures across different states in Australia. For Globo Gym
Service, this has meant that clients have cut back requesting equipment
maintenance and reduced system maintenance requests as much as
possible. Many clients are experiencing great financial difficulty and have
delayed paying amounts owed to Globo Gym Services.
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Q 1:
Why is it important to balance production capacity with market demand?
important instructions: answer must be original in contax, should not contain plagirism, answer must be in proper detail and higlighted all important points. explanation must contain proper facts and figure and examples are mandatory)
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The senior management team at ABC Corp. are assessing where a recent project went wrong. There were issues at all areas of management but the item that most strongly suggests that there may have been planning failures is ________.
Question 14 options:
A)
the controlling issues the project experienced were commonly experienced by other project leaders in this industry
B)
suppliers of components for the project had to produce at maximum capacity which turned out to be impossible
C)
even if planning had been effective, the project would have failed due to management style
D)
there was a failure to monitor production output
E)
two employees who were assigned to the project couldn't stand each other
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Topic:
“What are some causes of rising food prices and the challenges faced by rural farmers in Mt. Royal, Carriacou.”
A. Based on the topic above, what are the theory/theories that provide an explanation for the problem you are studying?
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Title: How Activity Based Costing system helps the industry to improve
performance
1.3
Advantages and disadvantage of activity based costing (300 words)
1.4
Implementation of Activity based costing (300 words)
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7.
Question content area left
Part 1
Leah Johnson, director of Urgent Care of Brookline, wants to increase capacity to provide low-cost flu shots but must decide whether to do so by hiring another full-time nurse or by using part-time nurses. The table below shows the expected costs of the two options for three possible demand levels:
States of Nature (demand)
Alternatives
Low
Medium
High
Hire full−time
$300
$480
$680
Hire part−time
$0
$340
$1,200
Probabilities
0.20
0.55
0.25
Part 2
a) The alternative with the least expected cost is
▼
a. Hire full-time
b. Hire part-time
The expected cost of this alternative is
$ ______
(enter your answer as a whole number).
.
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QUESTION 2 (Part)
Marie from question 1 expected to have a substantial income tax liability for the 2023 income year and shortly before 30 June 2023 wanted to adopt some tax planning strategies to reduce that liability. She considered the following two suggestions.
...
The second alternative suggestion was a “tax effective” investment scheme that Marie heard about at a city wine bar that was a “certainty” to reduce her income tax liability. The investment was marketed by a brochure that highlighted its tax advantages and was widely
promoted by a cattle investment company. It involves a cattle breeding program under which an investor agrees to lease from the cattle investment company some cows for breeding purposes and pays leasing fees for this, and then makes income from the sale of bred cattle.
The initial lease period is two years during which the investor engages a cattle management company to manage the cows for breeding purposes and pays management fees for these services. An…
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How to communicate requirement for a project
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Question 2: Starbuck’s 30, 000 Partners in Japan wore these 99 shaped glasses. Why? (3 marks)
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Help me solve please
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PLEASE ANSWER ASAP. Q5
SUBJECT: PRODUCTION AND OPERATION MANAGEMENT
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AP#6
Issue: Many employers no longer pay by cash or even check. The trend is to move to either direct deposit or pay cards (someday cell phone). Without the use of paper checks, the employee is no longer receiving a copy of their paystub on a regular basis. Many companies now use some form of online or computerized system for employees to access their paystubs, however, many employees do not bother to look at these electronic paystubs on a regular basis, or even at all.
Questions to be Answered: 1) What is one important reason from an employee’s perspective that employee’s should always review their paystub each payday?
2) What is one important reason from an employer’s perspective that employee’s should always review their paystub each payday?
3) What is one creative method a payroll professional can use to help an employee understand their earnings, deductions, and pay method so that the better understand the information on their paystubs?
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Requirement: I need a detailed analysis about the pros and cons of doing this business and calculations too
Sky anticipates that each new skateboard will require $10 in materials (after initial purchase) and require two hours of her time. For custom designs, she is budgeting an extra 30 minutes for communicating with her customer. For the time being, Sky will continue selling out of her parents' garage as it keep costs low. She is planning on relying on word-of-mouth marketing and perhaps some newsletters too. Sky's friend, Libby, says she can design and print unique newsletters on a monthly basis for $300 per month. Sky plans to distribute the newsletters herself to save money. Sky likes the idea of advertising more, but is wondering if she should only do the newsletters every other month. She is projecting 200 skateboard sales, of which 25% are custom-design. By advertising each month, there will be a 10% boost to these numbers.
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2
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3.
(a)
How would you use cost management in the context of building projects
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Question 3 A research collaboration can be enhanced by: Limiting the communication between researchers and industry partners. Avoiding the issue of which journal to target since research team members might disagree. Discussing intellectual property issues while the collaboration is forming. Waiting to discuss authorship issues until after data collection. Question 4 In any collaboration, data ownership is typically determined by: The research team with access to the best lawyers. The individual who does the most work on the project. The type and source of funds used to support the project. The relevant department chairs.
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QUESTION 28
Time and material contracts are used_______?
a.
as a substitue for Fixed-price-incentive-fee
b.
when cost rates and volumes are unknown
c.
when cost rates are known and volumes are unknown
d.
as a substitue for Cost-plus-fixed-fee
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Please help me solve using solver and show the steps in solver/constraints needed
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Section A - Please answer #4 Only. Thank you.
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Question 2
Part A., B, C ALL SOLUTION WORK U
Text typing work only thanks
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QUESTION 7
The CFO's responsibilities in capital budgeting include.
O A. All answers are correct
B.
O B. Determining which projects to abandon
OC. Performing a facility analysis when expanding operations
O D.Matching capital expenditure to the company's stralegy
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Subject: Engineering Management, Ch. 3 - Planning Technical Activities
Please explain each of the content of Production Plan
The production plan must contain the following:
•The amount of capacity the company must have
•How many employees are required
•How much material must be purchased
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Related Questions
- Assignment (P31) Perform a break-even analysis for the following scenario. Assume you sell widgets. You have total fixed costs of $12,000. Your manufacturing and shipping of widgets costs $7 per widget. You sell each widget for $22. What is your break-even point? How many widgets do you have to sell to realize a net profit of $15,000? Requirements: (1). list and calculate the three financial elements of break-even analysis in this scenario. (2). To find one method you think is the most suitable for this scenario to increase the net profit. Give some explanation of your method.arrow_forwardsection (A) Mutiple choice question has 2 options which is the best least option or the number of miles driven. for the 1st and 3rd part of this section and the second and fourth part potential solutions are 2,3,4, 9,? Section (C) potential solutions are Dealer A, Dealer B, Dealer C, Dealer A or B, Dealer A or C, Dealer B or C NEED FULLY CORRECT SOLUTION FOR THIS. ASAP!!!arrow_forwardSEM Chap 3 - Student Copy - Gatorade Website Research Assignment (2) -V References Mailings Review View Acrobat O Tell me what you w =,=,年,三 T A Aa - AaBbCcDc AaBbCcDC A- a. A- 1 Normal T No Spac. Paragraph 1. For what sports team is Gatorade named?arrow_forward
- Q.No.2. You are sponsoring a project and what parameters you have to keep in your mind while deciding the total time period required to complete a developmental project?arrow_forwardAssignment No. 11 Answer 2 a, b, carrow_forwardEquipment ExpensesAnalyze the cost differences for a project that needs the use of a trencher Compare the cost differences between renting and buyingâamortizing the purchase price over a five-year period Which would be the best approach, renting or purchasing? Explain how equipment expenses differ from other installed construction items, such as lumber and steel What unique accounting aspects need to be considered when estimating equipment used in a construction estimate? Submission Requirements:Submit a Word document with the following specifications: Font: Arial, size 12, double-spacing Citation style: APA Length: 2â3 pagesarrow_forward
- Case information: Globo Gym Services Pty Ltd is a provider of maintenance services for commercial gym equipment. Gyms throughout Australia engage Globo Gym Services to maintain their gym equipment. As a company specialising in gym equipment maintenance, Globo Gym is able to provide clients with efficient and timely repairs, more cost efficiently than gyms could otherwise undertake through employing their own staff. The COVID-19 pandemic has hit gyms particularly hard, with lock downs forcing gym closures across different states in Australia. For Globo Gym Service, this has meant that clients have cut back requesting equipment maintenance and reduced system maintenance requests as much as possible. Many clients are experiencing great financial difficulty and have delayed paying amounts owed to Globo Gym Services.arrow_forwardQ 1: Why is it important to balance production capacity with market demand? important instructions: answer must be original in contax, should not contain plagirism, answer must be in proper detail and higlighted all important points. explanation must contain proper facts and figure and examples are mandatory)arrow_forwardThe senior management team at ABC Corp. are assessing where a recent project went wrong. There were issues at all areas of management but the item that most strongly suggests that there may have been planning failures is ________. Question 14 options: A) the controlling issues the project experienced were commonly experienced by other project leaders in this industry B) suppliers of components for the project had to produce at maximum capacity which turned out to be impossible C) even if planning had been effective, the project would have failed due to management style D) there was a failure to monitor production output E) two employees who were assigned to the project couldn't stand each otherarrow_forward
- Topic: “What are some causes of rising food prices and the challenges faced by rural farmers in Mt. Royal, Carriacou.” A. Based on the topic above, what are the theory/theories that provide an explanation for the problem you are studying?arrow_forwardTitle: How Activity Based Costing system helps the industry to improve performance 1.3 Advantages and disadvantage of activity based costing (300 words) 1.4 Implementation of Activity based costing (300 words)arrow_forward7. Question content area left Part 1 Leah Johnson, director of Urgent Care of Brookline, wants to increase capacity to provide low-cost flu shots but must decide whether to do so by hiring another full-time nurse or by using part-time nurses. The table below shows the expected costs of the two options for three possible demand levels: States of Nature (demand) Alternatives Low Medium High Hire full−time $300 $480 $680 Hire part−time $0 $340 $1,200 Probabilities 0.20 0.55 0.25 Part 2 a) The alternative with the least expected cost is ▼ a. Hire full-time b. Hire part-time The expected cost of this alternative is $ ______ (enter your answer as a whole number). .arrow_forward
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