Estimate of funding requirements for truman inc. contract

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Reference no: EM132205348

1. Your program office has just completed analysis of the latest Contract Performance Report on its Cost Plus Fixed Fee contract with Truman Inc. The original estimated cost of the contract is $300 million and the fixed fee is $15 million. The following information is available: "Best Case" EAC = $295 million "Most Likely" EAC = $310 million "Worst Case" EAC = $348 million Which one of the following represents the best estimate of the funding requirements for the Truman Inc. contract?

$348 million

$325 million

$295 million

$310 million

2. When a product has been on the market for many years, such as the automobile, and its growth is slow at best, what stage of the product life cycle is this product in?

Decline

Maturity

Growth

Stagnation

3. Which of the following is NOT considered an advantage of job specialization?

Workers can quickly learn to perform the tasks.

Workers become highly motivated to perform well.

Workers can utilize unique skills and knowledge.

Specialized equipment can be developed profitably.

4. Achieving the operational goals leads to fulfillment of the ____ goals, which leads to fulfillment of the ____ goals.

employee; strategic

strategic; employee

strategic; tactical

tactical; strategic

5. Isaac hires a production manager today who he knows is dependable, even though in three weeks he might be able to hire a person who is potentially brilliant. Isaac’s action is an example of

sacrificing.

playing on a hunch.

showing low risk propensity.

satisficing.

Reference no: EM132205348

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