The statement of work section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.
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B.)progressive
C.)proportional
D.)regressive
True
False
Answer:
False
Explanation:
Answer:
The answer would be CONTEXT.
b) false
Answer:
a) true
Explanation:
If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.
Fixed asset turnover ratio can be defined as an efficiency ratio which gives the ratio of sales to the value of fixed assets owned by an organization.
Generally, it is calculated by dividing an organization's net sales by its net assets such as equipment, factory, and property. However, the fixed assets equals the fixed asset minus depreciation. When the fixed assets turnover ratio is high, it simply means that the organization is efficiently using its fixed assets to improve or generate more sales and vice-versa.
If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates efficiency, not overcapacity.
The correct answer is b) false. If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates that the firm is using its fixed assets more efficiently compared to its competitors in the same industry. It means that the firm is generating higher sales with the given fixed assets, which is a positive sign of efficiency. Adding more fixed assets in this scenario would not be necessary as it would decrease the fixed assets turnover ratio.
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