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One of the most common problems a Project Manager will face with the client is with the project's scope. It defines what will and will not be done. In essence, the project's scope defines the expectations of the client/customer and the expectations of the project manager. Far too often, those expectations will differ, and that becomes the friction between the parties. What is 'scope creep'? If the client/customer is disappointed, they will take their business elsewhere in the future or, the project manager will seek out other clients/customers or project opportunities. How can the expectations between the parties be designed so that there is a minimal amount of friction between the parties? Research real-life scope and 'scope creep' problems; and, possibly, give some of your real-life examples. How would you, as a project manager, avoid scope problems/disputes and 'scope creep'?
Using an example explain why negative externalities lead to inefficient overproduction and discuss one way government can ensure a more efficient outcome. Discuss using an example what are public goods and why does it lead to a free rider problem.
Suppose the Congress decides to reduce transfer payments but to increase government purchases of goods and services by an equal amount. That is it undertakes a change in fiscal policy such that ΔG = - ΔTR. Would you expect equilibrium income to rise ..
Analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a country during a natural disaster.
You manage a company that competes in an industry that is compromised of five equal-sized firms.A recent industry report indicates that a tariff on foreign imports would boost industry profits by $ 30 million
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
Suppose utility had been leaner in wealth would this person willing to pay anything more than the actuarially fair amount for insurance.
In a market demand and supply equations are: What is producer surplus? What is the consumer surplus? (Please show all your work) What is the total wealth?
Which of the following would not occur in the short run if a binding price floor were raised in perfectly competitive market? What is price discrimination? Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is describ..
The efficient market hypothesis states that:
Assume Hailey's Utility Function is U = x^2 y . The price of X is $8 per unit and the price of Y is $2 per unit. Her income is currently $240 / month. Determine her utility maximizing quantities of x and y. Suppose the price of X goes down to $4 per ..
Discuss Malthus' reaction to capitalism. How might we understand this reaction? Does his population thesis retain any validity for today's world? Outline Marx's attack on capitalism. How has capitalism changed in ways unanticipated by Marx?
Discuss the effects of the change on the value of the currency and the country's balance of payments, using historical and current circumstances.
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