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Using your textbook, read the Directed Reading entitled "Three Perceptions of Project Cost."
Based on your research and reading, answer the following questions:
What are the differences in the ways project managers, accountants, and financial comptrollers perceive the expenses of a project?
How are indirect costs involved in the preparation of the budget for a project?
Using the typical profit and loss statement included in the Directed Reading, does it surprise you that a $1,000,000 project will generate only the Net profit shown on the bottom line of that statement? Why or why not?
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Discuss the project environment and illustrate what adjustments would desire to be made if the project was conducted in the United States versus this country.
Linda Boardman, Inc., an equipment manufacturer in Boston, has submitted a sample cutoff valve to improve your manufacturing process.
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