A French businessman has a meeting scheduled with a Brazilian to negotiate terms of a joint venture. The Frenchman prepares for the meeting in the way he always does when negotiating with French firms. The Frenchman assumes that the Brazilian will perceive and reason the way he does. What term best describes the Frenchman's mistake?

A French businessman has a meeting scheduled with a Brazilian to negotiate terms of a joint venture. The Frenchman prepares for the meeting in the way...

The international business manager of Toro Automobiles, based in London, is currently in Indonesia negotiating with potential partners to set up a manufacturing plant. He is intrigued and startled by the lack of apprehension shown by every person he has met in standing close to him when greeting him. That is because the persons or the groups involved in the meeting are part of a ____________

The international business manager of Toro Automobiles, based in London, is currently in Indonesia negotiating with potential partners to set up a manufacturing...

The executives from Carlo Foods, U.S. are in Japan to negotiate with Joeng, the head of a local investment firm. While Jeong listens to their plans, he realizes that there are considerable amounts of calculation errors in the market statistics involved in the plan. He starts showing signs of impatience and folds his hands, with a frown on his face. The executives realize that something is wrong and are confused about it. Jeong most likely belongs to a ___________

The executives from Carlo Foods, U.S. are in Japan to negotiate with Joeng, the head of a local investment firm. While Jeong listens to their plans,...

The project sponsor wants to know the status of the project, and the amount of variance from plan, if any. The project manager has determined that the PV of the project is $800,000, the EV is $750,000, and the AC is $775,000. The project manager should tell the project sponsor that the project ________.

The project sponsor wants to know the status of the project, and the amount of variance from plan, if any. The project manager has determined that the...

You are building a house. You need to estimate the costs for the foundation. You have the following data: 30 cubic yards (CY) of soil to be removed; 2,600 pounds of steel rebar to be installed; and 20 CY of concrete to be placed. Soil removal costs $100/CY; steel rebar cost $1.50/pound installed, and concrete costs $400/CY placed. Which of the following is the best estimate of the cost of building the foundation for the house?

You are building a house. You need to estimate the costs for the foundation. You have the following data: 30 cubic yards (CY) of soil to be removed;...

The project manager wants to know how efficiently the project is using resources. He knows that the work currently accomplished is worth $32,000, the project should have completed work worth $48,000 by now, and the current spending stands at $44,000. Based on this information, the project manager determines that the project is ______.

The project manager wants to know how efficiently the project is using resources. He knows that the work currently accomplished is worth $32,000, the...

The project manager leading an IT project has determined that the planned value of a certain activity is $15,000. She has also determined that quality control for that activity will be 10 percent of that activity. Therefore, the project manager determines that the planned value of quality control for that activity is $1,500. Which of the following approaches for determining earned value has the project manager used?

The project manager leading an IT project has determined that the planned value of a certain activity is $15,000. She has also determined that quality...

A construction project is scheduled to take six months and cost $1.2 million to complete. After three months, the project has spent $575,000, and 55 percent of the project work has been completed. Assuming that the team's efficiency remains the same for the remainder of the project, what is the expected cost to finish all remaining project work?

A construction project is scheduled to take six months and cost $1.2 million to complete. After three months, the project has spent $575,000, and 55...

An organization has purchased a large crane for a construction project expected to take 10 years to complete. The crane cost $250,000 to purchase and install. At the end of its life (10 years), it will have a scrap value of $50,000. Using straight-line depreciation, how much would you depreciate the crane, each year, if the expected long-term interest rate was 5 percent and the company used an IRR of 15 percent?

An organization has purchased a large crane for a construction project expected to take 10 years to complete. The crane cost $250,000 to purchase and...

The project sponsor asks the project manager to determine the cost performance needed with the remaining project resources in order to meet the project goal. The project is scheduled to take two years to complete and cost $1 million. Eight months into the project, $300,000 has been spent and 35 percent of the work has been completed. The project manager believes that the $1 million figure will remain viable for the remainder of the project. Which of the following answers would best help the project manager answer the sponsor's question?

The project sponsor asks the project manager to determine the cost performance needed with the remaining project resources in order to meet the project...

Senior management wants to know whether the project is currently over or under budget and by how much. The project manager has determined that the PV of the project is $875,000, the EV is $850,000, and the AC is $900,000. The project manager should tell senior management that the project is ___________.

Senior management wants to know whether the project is currently over or under budget and by how much. The project manager has determined that the PV...

What is the difference between costs and price?

What is the difference between costs and price? A. Price includes inflation and cost does not. B. Price minus cost equals cash flow, which is tied...

Cost risk means:

Cost risk means: A. There are risks that will cost the project money. B. The project is too risky from a cost perspective. C. There is a risk that...

Identified risks are:

Identified risks are:  A. An input to the Estimates Costs process. B. An output of the Estimate Costs process. C. Not related to the Estimate...

Earned value measurement is an example of:

Earned value measurement is an example of: A. Performance reporting. B. Planning control. C. Ishikawa diagrams. D. Integrating the project components...

Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project cost budget was estimated analogously. Although the activity estimates add up to the project estimate, the stakeholders think something was missing in how the estimate was completed. Which of the following describes what was missing?

Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine...

As an employee's age increases, his or her

As an employee's age increases, his or her  A. job involvement decreases. B. absenteeism increases. C. job satisfaction increases. D. work motivation...

How should a manager use personality tests?

How should a manager use personality tests?  A. Use graphology tests to infer personality. B. Create personality profiles of the desirable...