Life cycle costing Samenvattingen, Aantekeningen en Examens
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The sum of the practices and processes that an enterprise uses to manage the total life cycle cost 
investment in its portfolio of strategic assets is called _________ Total Cost Management 
 
______ is the application of scientific principles and techniques to problems of : 
- estimation 
- cost control 
- business planning & management science 
- profitability analysis 
- project management 
- planning & scheduling Cost Engineering 
 
_____...
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Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of 
activity and then to allocate costs across particular business processes according to the mount of 
time employees devote to particular activities 
Adapters Ans: Companies that take the current industry structure and its evolution as givens, 
and choose where to compete. 
Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately 
negative effect on a protected group. 
Ad...
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The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ - Answer- Total Cost Management 
 
______ is the application of scientific principles and techniques to problems of : 
 - estimation 
 - cost control 
 - business planning & management science 
 - profitability analysis 
 - project management 
 - planning & scheduling - Answer- Cost Engineering 
 
_______ Is the value of an activit...
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The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ correct answers Total Cost Management 
 
______ is the application of scientific principles and techniques to problems of : 
 - estimation 
 - cost control 
 - business planning & management science 
 - profitability analysis 
 - project management 
 - planning & scheduling correct answers Cost Engineering 
 
_______ Is the value o...
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Chapter 3 The Balance Sheet and Financial Disclosures 
True/False Questions 
1. The balance sheet reports a company's financial position at a point in time. 
Answer: True 
Level of Learning: 1 Easy 
Learning Objective: 03-01 
Topic Area: Balance sheet–Usefulness-Limits-Elements Blooms: Remember 
AACSB: Reflective thinking 
AICPA: BB Critical thinking 
AICPA: FN Measurement 
2. A company’s market value is generally less than its book value. 
Answer: False 
Level of Learning: 1 Easy 
Learning...
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C. Start a file that documents the conflicts - Correct Answer-If considering contract termination, the agency should first: 
 
A. Take punitive action against the contractor. 
B. Stop accepting delivered products or services offered by the contractor. 
C. Start a file that documents the conflicts. 
D. Notify the authorities. 
 
 - Correct Answer-Some agencies provide monetary assistance to qualified citizens by the use of smart cards. What is a smart card and how does it work? 
 
 - Correct Answ...
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Stage 13: Assest management/end of life 
The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier 
Anti-bribery procedures 
-Proportionate procedures: should be in line with the yp...
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If considering contract termination, the agency should first: 
 
A. Take punitive action against the contractor. 
B. Stop accepting delivered products or services offered by the contractor. 
C. Start a file that documents the conflicts. 
D. Notify the authorities. - correct answer Start a file that documents the conflicts 
 
Some agencies provide monetary assistance to qualified citizens by the use of smart cards. What is a smart card and how does it work? - correct answer 
 
Which is a tru...
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If considering contract termination, the agency should first: 
 
A. Take punitive action against the contractor. 
B. Stop accepting delivered products or services offered by the contractor. 
C. Start a file that documents the conflicts. 
D. Notify the authorities. - Correct Answer C. Start a file that documents the conflicts 
 
Some agencies provide monetary assistance to qualified citizens by the use of smart cards. What is a sma...
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers 
 
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) 
 
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ 
 
Larger ratio is better 
 
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio 
 
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ 
 
Larger ratio is better 
 
If (Rt) is higher than RFR, then it becomes Safety First Ratio 
 
Centra...
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