7.True or False? John Hopkins is working with a private hospital in China to establish a new cancer center. This approach is an example of the market penetration strategy.
9.True or False? A medical group deciding to build a hospital is an example of backwards vertical integration.
Answers
Regarding your second question, the statement "A medical group deciding to build a hospital is an example of backwards vertical integration" is false.
Backwards vertical integration refers to a situation where a company expands its operations by acquiring or integrating with suppliers or vendors in the upstream portion of its supply chain. In the context of healthcare, backwards vertical integration would involve a hospital or healthcare system acquiring or integrating with medical suppliers or providers. Building a hospital, on the other hand, would typically be considered a form of forward vertical integration, as it involves expanding into the downstream portion of the healthcare value chain by directly providing healthcare services to patients.
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Related Questions
Why does the US import oil?
A.because it has exported too much oil
B.because it does not produce any oil
C.because it does not produce enough oil
D.because it has exported too little oil
Answers
Answer:
C. because it does not produce enough oil.
Explanation:
Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.
Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.
The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.
Answer:
D. Because it does not produce enough oil.
edg 2020.
as the owner of a business, quickly admitting that the firm is in trouble indicates a lack of accountability.
a. true
b. false
Answers
b. false
As the owner of a business, quickly admitting that the firm is in trouble does not necessarily indicate a lack of accountability. In fact, acknowledging and addressing problems promptly can demonstrate a high level of accountability and responsibility.
Accountability involves taking ownership of one's actions and decisions, including accepting the consequences and being transparent about the challenges or issues faced. When a business is in trouble, recognizing the situation and taking swift action to address it can be a sign of a responsible and accountable owner.
By admitting that the firm is in trouble, the owner can take necessary steps to analyze the root causes, develop a plan for recovery, and communicate with stakeholders. This transparency and proactive approach can help in regaining trust, seeking assistance, and implementing appropriate measures to overcome the difficulties.
On the other hand, denying or avoiding the reality of a troubled business can be indicative of a lack of accountability. It can lead to further damage and missed opportunities for resolution. Therefore, acknowledging the situation and taking responsibility for it is an important aspect of being an accountable business owner.
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What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answers
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
This policy should be framed very cautiously as the unsound policy may bring the life of an enterprise to an end. Identify the policy discussed here and list any 3 facilitating functions of marketing.
Answers
Answer:
After closing the accounts of revenues and expenses to Net Income, revenues’ balance is zero
. True
. False
Bro please answer me... And i will try to help you
According to the trio-of-basic-needs theory, the ______ is closely related to the ego need.A) affection needB) affiliation needC) power needD) prestig
Answers
Hi! According to the trio-of-basic-needs theory, the power need (C) is closely related to the ego need. The other options, affection need (A) and affiliation need (B), are not as closely related to the ego need in this theory.
The trio-of-basic-needs theory, also known as the motivational theory of personality, proposes that humans have three basic psychological needs: the need for achievement, the need for affiliation, and the need for power.The need for achievement refers to the drive to excel and accomplish difficult tasks, while the need for affiliation refers to the desire for social interaction and acceptance from others. The need for power, on the other hand, refers to the desire to have an impact on others, to influence and control them, and to be recognized as an authority figure. This need is closely related to the ego, as it is concerned with self-esteem, self-image, and self-worth. Therefore, the correct answer to the question is C) power need.
The affection need is related to the need for belongingness and love, while the affiliation need is related to the need for social interaction and group membership. The prestige need is related to the desire for status and recognition.
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define economics according to adam Smith .
Answers
Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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A product has utility if it Multiple Choice is useful. violates the law of demand. takes more and more resources to produce successive units of it. satisfies consumer wants.
Answers
A product has utility if it satisfies consumer wants. Utility refers to the satisfaction or usefulness that a consumer derives from consuming or using a product. When a product satisfies consumer wants, it means that it meets their needs or desires and provides them with some level of satisfaction.
However, utility is not the same as demand. Demand refers to the quantity of a product that consumers are willing and able to purchase at a given price and time. Utility is one of the factors that influences demand, as products that provide higher levels of utility are generally more desirable and therefore have higher demand.
The law of demand states that as the price of a product decreases, the quantity demanded increases, and vice versa, all other factors being equal. The law of demand does not directly relate to the concept of utility.
The statement that a product takes more and more resources to produce successive units of it is not directly related to utility. It may be an indication of diminishing returns, where the additional resources required to produce each additional unit of a product increase at an increasing rate. However, this does not necessarily mean that the product has more utility.
In summary, a product has utility if it satisfies consumer wants, but utility is not the same as demand.
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Currently the manufacturer has six machines that operate on a two-shift (eight hours each) basis. Twenty days per year are available for scheduled maintenance of equipment. Assume there are 250 workdays in a year. Each manufactured good takes 22 minutes to produce.
What is the effective capacity of the factory? Round your answer down to the nearest whole number and use this answer in subsequent computations.
units/year
Given the five-year forecast, how much extra capacity is needed each year? Round your answers to the nearest whole number.
Answers
Effective capacity of the factory:
We are given that the manufacturer has six machines that operate on a two-shift (eight hours each) basis and 20 days per year are available for scheduled maintenance of equipment.
Therefore, Net available working hours per year = (6 machines × 8 hours per shift × 2 shifts per day × 250 workdays per year) – 20 days of maintenance per year= 6×8×2×250-20= 23,920 hours per year.
Therefore, Producing one manufactured good takes 22 minutes= 0.367 hours Therefore, the number of goods manufactured in one hour=1/0.367= 2.72
The effective capacity of the factory= 23,920 × 2.72 units per year= 65,190 units/year
Extra capacity needed each year: Given a five-year forecast, the demand for the manufactured goods will be as follows:
Year 1: 65,000 units Year 2: 68,000 units Year 3: 73,000 units Year 4: 80,000 units Year 5: 85,000 units
Therefore, the extra capacity needed each year would be as follows: Year 1: 65,000 − 65,190 = −190Year 2: 68,000 − 65,190 = 2,810Year 3: 73,000 − 65,190 = 7,810Year 4: 80,000 − 65,190 = 14,810Year 5: 85,000 − 65,190 = 19,810
Rounding the above figures to the nearest whole number, we get: Year 1: 0Year 2: 2,810Year 3: 7,810Year 4: 14,810Year 5: 19,810
Hence, the extra capacity needed each year would be 0 units, 2,810 units, 7,810 units, 14,810 units, and 19,810 units in year 1, year 2, year 3, year 4 and year 5 respectively.
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Which career is likely to earn the highest salary?
a) Hairdresser
b)Dentist
c)News Anchor
d)Flight attendant
Answers
Answer:
b.) Dentist
Explanation:
Hope it helps!
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.
The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
No, the court will start with a clean slate in reaching a decision regarding Jackson's case.
Answers
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
I did the assignment in edge 2021.
what will happen to equlibrium GDP if the government increases taxesby $30 but does not increase spedning? Be specific
Answers
When taxes are raised, government expenditure also rises as well, which causes the real GDP to fall whenever taxes are raised.
What is GDP?The GDP of any country helps to determine the economy and the factors of growth. It helps to determine the value of goods produced and utilized by the consumer in a country.
The increase in GDP shows the growth factor which reflects increases in the purchasing parity of the consumer and they spend more on buying goods and services. This will show they improve the standard of living.
The real GDP will always fall whenever taxes are raised since eventually they will lead to higher government spending. Because of this, a $30 increase in after-tax income will result in a $30 decrease in real GDP in this particular situation.
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because the british mining company wanted to obtain rights with proof, setting terms, to prevent disappointment, to guarantee loopholes, and exceed conditions.
Answers
In simple terms, the British mining company wants to have a binding contract with the host government for a mining project that must include specific rights, terms, and conditions that will govern the operation of the project from the exploration phase to the mining phase.
The company needed to guarantee loopholes so that the host government cannot terminate the contract for arbitrary reasons or change the terms of the contract to favor them. The British mining company wanted to prevent disappointment, which usually arises when the host government changes the rules of the contract halfway into the mining project, leading to loss of revenue. The company wanted a legally binding contract that could not be altered unless agreed upon by both parties.
Additionally, the company wanted to exceed the conditions and obtain mining rights that could not be contested by anyone else. This is important because the company wants to avoid conflicts with other mining companies or individuals who claim to have rights to the minerals being extracted. In conclusion, the British mining company's desire to obtain rights with proof, set terms, prevent disappointment, guarantee loopholes, and exceed conditions is to secure a legally binding contract.
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Cartier corporation currently sells its products for $50 per unit. the company's variable costs are $20 per unit. fixed expenses amount to a total of $5,000 per month. What is the company's variable cost ratio?
Answers
The variable cost ratio for Cartier Corporation is 40%. This means that for every dollar of sales revenue, 40 cents is consumed by variable costs. The remaining 60 cents is available to cover fixed expenses and contribute to profit.
The variable cost ratio represents the proportion of sales revenue that is consumed by variable costs. It is calculated by dividing the total variable costs by the total sales revenue.
In this case, the variable cost per unit is $20, so the variable cost ratio can be calculated as follows:
Variable cost ratio = (Variable costs ÷ Sales revenue) x 100%
Variable costs = $20 per unit
Sales revenue = $50 per unit
Variable cost ratio = ($20 ÷ $50) x 100% = 40%
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Sales tax is calculated by multiplying the price of an item by the
withholding amount
income tax
tax rate
Answers
Explain
I am a tax person
Answer:
tax rate
Explanation:
got it right on test
How do I find the cash flow coverage ratio?
Answers
Explanation:
There are a few different ways to calculate the cash flow coverage ratio formula, depending on which cash flow amounts are to be included. A general measure of the company’s ability to pay its debts uses operating cash flows and can be calculated as follows:
Cash flow coverage ratio = $80,000,000 / $38,000,000 = 2.105Cash flow coverage ratio = ($64,000,000 + $4,000,000 + $8,000,000) / $38,000,000 = 2Determine the required resistance and appropriate
wattage rating of a carbon-film resistor to meet the
following requirements. the resistor has a 54-v ir
drop when its current is 20 ma. the resistors available
have the following wattage ratings:
1/8 w, 1/4 w, 1/2 w, 1 w, and 2 w
Answers
To determine the required resistance and appropriate wattage rating of a carbon-film resistor that meets the given requirements, we can use Ohm's Law and the power equation.
First, we need to find the resistance of the resistor. Ohm's Law states that resistance (R) is equal to voltage (V) divided by current (I): R = V/I. Using the given values, we have:
R = 54 V / 20 mA
R = 2700 Ω
Next, we need to determine the appropriate wattage rating of the resistor. The power equation states that power (P) is equal to voltage (V) times current (I): P = VI. We can use this equation to find the power dissipated by the resistor when it has a 54-volt drop and a current of 20 milliamps:
P = 54 V × 20 mA
P = 1.08 W
This means that the resistor needs to have a wattage rating of at least 1.08 watts to handle the power dissipation without overheating and damaging the component.
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The law of diminishing marginal returns says that, if you increase one input enough, at some point, the marginal product must be?
Answers
The law of diminishing marginal returns expresses that as you increment one contribution while keeping different information sources consistent, there will come where the negligible result of that info will begin to decline.
At the end of the day, the extra result or advantage acquired from each extra unit of the information will lessen.
In this way, to straightforwardly respond to your inquiry, assuming you increment one information enough, sooner or later, the minor item should diminish. This implies that the extra result acquired from each extra unit of the info will be more modest than previously. At last, on the off chance that you keep on expanding the information, the minimal item might try and become negative, demonstrating a decline in all out result or advantage.
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Which type of bankruptcy is when a person sells all their assets to eliminate their debt? Chapter 6 Chapter 7 Chapter 11 Chapter 13
Answers
The type of bankruptcy which occur wheen is when a person sells all their assets to eliminate their debt is Chapter 7.
What is Chapter 7 bankruptcy?Chapter 7 bankruptcy can be described as the “liquidation” bankruptcy. Businesses going through this type of bankruptcy are past the stage of reorganization and must sell off assets to pay their creditors.
It should be noted that the process works much the same for individuals however the Bankruptcy do make people who can no longer pay their debts get a fresh start by liquidating assets so that they can attend to their debts or by creating a repayment plan, in conclusion Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.
Therefore, option C is correct.
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Answer: it is c took the assesment and got it right
Explanation: im him
You have become a trusted resource for your organization, and they have asked for your advice on gaining a competitive advantage in the field. More specifically, they would like your analysis and recommendations on ways to bring their company culture, demographics, and technologies up to current industry practices and beyond. Review the demographic and technological information about your company. If the information is not public, base your decisions on a similar company and research. This information will assist you as you complete your Organizational Presentation in Step 2 of this assessment.
Answers
Improving company culture, demographics, and technologies can contribute to gaining a competitive advantage.
To enhance company culture, it is essential to foster an environment that values employee engagement, collaboration, and innovation.
This can be achieved through initiatives such as promoting open communication channels, encouraging continuous learning and professional development, recognizing and rewarding employee achievements, and creating a diverse and inclusive workplace culture.
In terms of demographics, it is important to have a workforce that reflects the diversity of the customer base and target market. This can be achieved through targeted recruitment and hiring practices, implementing diversity and inclusion programs, and providing equal opportunities for career growth and advancement.
Regarding technology, staying up to date with current industry practices and adopting cutting-edge technologies can give your organization a competitive edge. This may include investing in cloud computing, data analytics, artificial intelligence, automation, and digital transformation initiatives.
It is crucial to regularly assess technological needs, conduct market research, and invest in training and development to ensure employees have the necessary skills to leverage these technologies effectively.
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You are an oat farmer who decides to sell a
call with a strike price of $4.90 for a premium of
$0.25.
If the futures price ends up at $4.85 (and your cash price is
$4.50), find your net price.
Answers
To calculate the net price as an oat farmer who sold a call option, we need to consider the premium received and the difference between the strike price and the futures price.
In this scenario, the strike price of the call option is $4.90, and the premium received is $0.25. The futures price ended up at $4.85, which is lower than the strike price. However, the cash price at $4.50 is even lower than the futures price.Since the futures price is below the strike price, the call option is out of the money and will not be exercised by the buyer. Therefore, as the seller, you get to keep the premium received.The net price, in this case, would be the cash price ($4.50) plus the premium received ($0.25):Therefore, the net price as an oat farmer in this situation would be $4.75.
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you deposit 5000 scholarship check in the bank. if the required reserve ratio is 10% explain how the banking system will create new money
Answers
A $5,000 scholarship check deposit in a bank with a 10% required reserve ratio allows the banking system to create new money by lending out the excess reserves, thereby expanding the money supply.
When you deposit a $5,000 scholarship check into a bank and the required reserve ratio is 10%, the banking system has the potential to create new money through the process of fractional reserve banking. Here's how it works:
Initial Deposit: The $5,000 scholarship check is deposited into the bank. This amount becomes part of the bank's reserves.Required Reserve: The required reserve ratio set by the central bank determines the minimum percentage of deposits that banks must hold as reserves. In this case, with a 10% required reserve ratio, the bank must hold 10% of the $5,000 deposit, which amounts to $500, as reserves.Excess Reserves: The remaining amount of the deposit, $4,500 ($5,000 - $500), is considered excess reserves. These excess reserves can be used by the bank to create new money through lending and other activities.Money Creation: The bank can lend out a portion of the excess reserves to borrowers who need loans. Let's assume the bank lends $4,000 to a borrower.New Deposit: The borrower receives the $4,000 loan, and they deposit it into their own bank account. This deposit increases the overall deposit base in the banking system.New Required Reserves: Following the required reserve ratio of 10%, the bank must hold 10% of the newly deposited $4,000, which is $400, as reserves.Repeat Process: The bank can continue the process of lending and creating new deposits based on the excess reserves resulting from each deposit. Each time a loan is made and a new deposit is created, the process can repeat, allowing the banking system to create additional new money.By utilizing the excess reserves and repeatedly lending out a portion of the deposits, banks can expand the money supply beyond the initial deposit. This process of money creation through fractional reserve banking increases the overall supply of money in circulation and supports economic activity.
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Tiffany's Dilemma Tiffany graduated from college and needed to decide where she wanted to work. She had several options. Her aunt Martha owned and operated a small business that she started about twenty years ago. Martha, an individual owner of her business, informed Tiffany that she could work for her. On one hand, Tiffany thought it would be a great opportunity to be able to work for her aunt, learn the business, and then run the business when her aunt retires. On the other hand, she also felt that she wanted something a little more challenging; a job where she could really use her education. Her other option would be to work for a company that a friend and her husband had started and jointly owned. It was a rapidly growing company with plenty of opportunity for advancement. However, Tiffany had some reservations about this choice because she was not sure she wanted to work for friends. Her last option was to work for a large retail company, headquartered in Maryland, which had s
Answers
Answer: that's a hard one lol let me try
Explanation:
one sec
Question 1 Step 1 Research Not yet answered Marked out of 10.00 Find a real world example from 2021-22 of a change in market conditions, for example an observed change in prices or the quantity of a good or service. Using theories of economics, such as the demand and supply model, explain the impact of changing market conditions on the price and quantity of goods or services traded. The real world example: P Flag question • will be sourced from newspapers or other media. • be for a specific city, country or global and over some time period. • illustrate a change in market conditions. Provide a reference and hyperlink to the example you have chosen Step 2 Describe the market In 100 words or less explain the market your have chosen e.g. location, time period and how competitive is the market. Step 3 Comparative Statics In 100 words or less explain the shock to the market using comparative statics analysis. That is, decide whether the shock impacts demand or supply on both), how does supply or demand change, and what is the overall outcome in the market on price and quantity compared to before the shock. Step 4 Structure Provide a title for the report and 2 subheadings to assist in structuring your report.
Answers
The cost of transporting goods by sea has surged, leading to an increase in the prices of imported goods such as electronics, furniture, and toys.
Real world example: According to a report by The Guardian published on October 15th, 2021, the global supply chain is facing a significant disruption due to a shortage of shipping containers. As a result, the cost of transporting goods by sea has surged, leading to an increase in the prices of imported goods such as electronics, furniture, and toys.
Step 2: The market in focus is the global supply chain industry, particularly the shipping container transporting goods. This market is highly competitive, with various shipping companies competing for business. The time period in focus is 2021-22, and the impact of the shortage of shipping containers on this market has been significant.
Step 3: The shock to the market is a decrease in supply due to the shortage of shipping containers. This has led to an increase in the cost of transporting goods, which has reduced the quantity of goods being transported and increased the price of imported goods. This shock has impacted both the supply and demand sides of the market, with a decrease in supply and a decrease in demand due to the increase in prices. The overall outcome in the market is a decrease in the quantity of goods being traded and an increase in the price of imported goods.
Step 4: Title: The Impact of the Shipping Container Shortage on the Global Supply Chain Market.
Subheadings:
1. The shortage of shipping containers and its impact on supply and demand
2. The effect of the shortage on prices and the quantity of goods traded
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Over the last fifty years both real GDP and prices have trended upward in most countries. Continuing real GDP growth and inflation can be explained by
Answers
The continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.
Every country have improved massively especially in production of goods and services because of technological progress
Also, an increase in money supply are achieved because of various effective economic policies implemented by the economic team of many countries.Hence, the Option C is correct because the continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.
The missing options includes "a. continuing technological progress alone. b. continuing increases in the money supply alone. c. continued technological progress and continuing increases in the money supply. d. None of the above can explain continuing real GDP growth and inflation."
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Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details.
Purchases $540,000
Beginning Merchandise Inventory 185,000
Purchase Returns and Allowances 50,000
Purchase Discounts 14,000
Freight In 18,000
Ending Merchandise Inventory 150,000
a. $540,000
b. $529,000
c. $547,000
d. $829,000
Answers
The correct answer is option b) $529,000. To calculate the cost of goods sold for a merchandiser using the periodic inventory system, we need to consider the purchases, beginning merchandise inventory.
The formula to calculate the cost of goods sold is: Cost of Goods Sold = Beginning Merchandise Inventory + Purchases + Freight In - Purchase Returns and Allowances - Purchase Discounts - Ending Merchandise Inventory.
Given:
Purchases = $540,000
Beginning Merchandise Inventory = $185,000
Purchase Returns and Allowances = $50,000
Purchase Discounts = $14,000
Freight In = $18,000
Ending Merchandise Inventory = $150,000
Using the formula, we can calculate the cost of goods sold as follows:
Cost of Goods Sold = $185,000 + $540,000 + $18,000 - $50,000 - $14,000 - $150,000
Cost of Goods Sold = $529,000. Therefore, the correct answer is option b) $529,000.
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Steve Marks owes $20,000 in medical bills, $300 to the public utility, $400 on a dental bill due this month, $35,000 on a 10 year student loan, and $120,000 on a 30 year home mortgage. What is Steve's total for current liabilities
Answers
Answer:
US$ 175.700
Explanation:
Based on the given information, the total of Steve Marks's current liabilities is 20,700.
What is Current liability?The simple payments that are outstanding within a year or during the course of a typical business cycle are known as current liabilities. These are the sums that each person or business must pay each year.
The formula for calculating the current liability is
Total current liabilities=Medical bills+Public utility+dental Bill
As given
Medical bills=$20,000
Public utility=$300
Dental bill=$400
In the given case, the student loan and home mortgage are excluded as they are not considered as current liabilities of the business payable in a year.
Current liabilities=$20,000+$400+$300
Current liabilities=$20,700
In conclusion, Steve Marks's current liabilities are $ 20,700.
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Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answers
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
A project selection process that is strongly linked to strategy results in?
Answers
A project selection process that is strongly linked to the strategy results in better utilization of organization's resources.
What is project selection?The process of planning and selecting a team's subsequent project is referred to as project selection. Since projects frequently compete for resources, you must take into account the requirements and objectives of each potential project and prioritise them properly. The majority of businesses always have a number of possible initiatives brewing. Successful businesses have a standardised procedure for evaluating these projects against one another to find the next best fit. An organization's following actions after selecting a project are to outline it and develop a project plan. An experienced project manager frequently has specialised knowledge and abilities that a higher-level executive might not have, such greater understanding of the risks and resource needs of a proposal.
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