1. (TCO 1) The type of budget that is prepared for the expected capacity level only is called a _______. (Points : 14) A. static budget. B. flexible budget. C.continuous budget. D.master budget.

2. (TCO 2) “Groupthink” is a primary disadvantage of which qualitative forecasting method? (Points : 14) A. Executive opinions B. Sales force polling C. Delphi method D. Consumer surveys

3. (TCO 3) Which of the following is not used to evaluate the accuracy of regression results? (Points : 14) A.Mean absolute deviation B. Coefficient of determination C.Prediction confidence interval D.T-statistic

4. (TCO 4) Which of the following statements regarding the risk associated with R&D activities is incorrect? (Points : 14) A.The amount of time between the R&D activity and the cash flows from the project does not affect risk. B. Greater risk is associated with creating new products than improving existing products. C.Risk increases as the time between the R&D activity and the cash flows from the project increases. D.Assessing risk is a vital part of research and development.

5. (TCO 5) Which of the following is not true of the decision packages used in zero-base budgeting? (Points : 14) A.Decision packages should include alternative methods of performing the activity. B. Decision packages may cross functional and organizational lines. C. Decision packages can be either mutually exclusive or incremental. D. Decision packages may cover either short-term or long-term periods.

6. (TCO 6) A disadvantage of the payback period technique is that it ________. (Points : 14) A. ignores obsolescence factors. B. ignores the cost of an investment. C. is complicated to use. D. ignores the time value of money.

7. (TCO 6) All of the following statements about the accounting rate of return method are correct except that it ________ (Points : 14) A.considers the profitability of a capital expenditure. B. ignores the salvage value of an investment. C. does not consider the time value of money. D. uses income data rather than cash flow data.

 8. (TCO 6) A project that cost $80,000 with a useful life of five years is being considered. Straight-line depreciation is being used and salvage value is $5,000. The project will generate annual cash inflows of $21,375. The accounting rate of return is ______. (Points : 14) A. 26.7% B. 45.5% C. 7.8% D. 18.74%

9. (TCO 6) If an asset costs $210,000 and is expected to have a $30,000 salvage value at the end of its ten-year life, and generates annual net cash inflows of $30,000 each year, the payback period is _____. (Points : 14) A. 5 years B. 6 years C. 7 years D. 8 years

10. (TCO 6) Munson Inc. is comparing several alternative capital budgeting projects as shown below: Projects A B C Initial Investment $150,000 $55,000 $95,000 Present value of cash inflows $200,000 $65,000 $100,000 Using the profitability index, rank the projects, starting with the most attractive. (Points : 14) A) A, C, B. B) A, B, C. C) C, A, B. D) C, B, A.

11. (TCO 6) A company has a minimum required rate of return of 10%. It is considering investing in a project that costs $210,000 and is expected to generate cash inflows of $85,000 at the end of each year for four years. The approximate net present value of this project is _______. (Points : 14) A. $59,442 B. $1,387 C. $65,375 D. $5,161

12. (TCO 7) Which of the following is not an operating budget? (Points : 14) A.Selling and administrative expense budget B. Direct materials budget C. Pro forma balance sheet D. Pro forma income statement

13. (TCO 7) Sargent.Com plans to sell 2,000 purple lawn chairs during May, 1,900 in June, and 2,000 during July. The company keeps 15% of the next month’s sales as ending inventory. How many units should Sargent.Com produce during June? (Points : 14) A. 1,915 B. 2,200 C. 1,885 D. Not enough information to determine.

14. (TCO 8) Standards that are based on efficient activity with allowances for unavoidable losses are called _______ (Points : 14) A. basic standards. B. maximum efficiency standards. C. currently attainable standards. D. expected standards.

15. (TCO 9) A static budget is appropriate in evaluating a manager's performance if _______________. (Points : 14) A. actual activity closely approximates the master budget activity B. actual activity is less than the master budget activity C. the company prepares reports on an annual basis D. the company is a not-for-profit organization

16. (TCO 9) If costs are not responsive to changes in activity level, how are they best described? (Points : 14) A. Mixed B. Flexible C. Variable D, Fixed

17. (TCO 9) Using the high-low method, what is the fixed cost for the following information? Month Miles Total Cost January 80,000 $96,000 February 50,000 $80,000 March 70,000 $94,000 April 90,000 $130,000 (Points : 14) A. $17,500 B. $36,000 C. $14,000 D.$50,000

18. (TCO 10) What do you call a budget report that is prepared to report on unusual events that require immediate attention? (Points : 14) A. Advance report B. Special report C. Unique report D. Progress report

1. (TCO 1) The type of budget that is prepared for the expected capacity level only is called a _______. (Points : 14) A. static budget. B. flexible budget. C.continuous budget. D.master budget.

2. (TCO 2) “Groupthink” is a primary disadvantage of which qualitative forecasting method? (Points : 14) A. Executive opinions B. Sales force polling C. Delphi method D. Consumer surveys

3. (TCO 3) Which of the following is not used to evaluate the accuracy of regression results? (Points : 14) A.Mean absolute deviation B. Coefficient of determination C.Prediction confidence interval D.T-statistic

4. (TCO 4) Which of the following statements regarding the risk associated with R&D activities is incorrect? (Points : 14) A.The amount of time between the R&D activity and the cash flows from the project does not affect risk. B. Greater risk is associated with creating new products than improving existing products. C.Risk increases as the time between the R&D activity and the cash flows from the project increases. D.Assessing risk is a vital part of research and development.

5. (TCO 5) Which of the following is not true of the decision packages used in zero-base budgeting? (Points : 14) A.Decision packages should include alternative methods of performing the activity. B. Decision packages may cross functional and organizational lines. C. Decision packages can be either mutually exclusive or incremental. D. Decision packages may cover either short-term or long-term periods.

6. (TCO 6) A disadvantage of the payback period technique is that it ________. (Points : 14) A. ignores obsolescence factors. B. ignores the cost of an investment. C. is complicated to use. D. ignores the time value of money.

7. (TCO 6) All of the following statements about the accounting rate of return method are correct except that it ________ (Points : 14) A.considers the profitability of a capital expenditure. B. ignores the salvage value of an investment. C. does not consider the time value of money. D. uses income data rather than cash flow data.

 8. (TCO 6) A project that cost $80,000 with a useful life of five years is being considered. Straight-line depreciation is being used and salvage value is $5,000. The project will generate annual cash inflows of $21,375. The accounting rate of return is ______. (Points : 14) A. 26.7% B. 45.5% C. 7.8% D. 18.74%

9. (TCO 6) If an asset costs $210,000 and is expected to have a $30,000 salvage value at the end of its ten-year life, and generates annual net cash inflows of $30,000 each year, the payback period is _____. (Points : 14) A. 5 years B. 6 years C. 7 years D. 8 years

10. (TCO 6) Munson Inc. is comparing several alternative capital budgeting projects as shown below: Projects A B C Initial Investment $150,000 $55,000 $95,000 Present value of cash inflows $200,000 $65,000 $100,000 Using the profitability index, rank the projects, starting with the most attractive. (Points : 14) A) A, C, B. B) A, B, C. C) C, A, B. D) C, B, A.

11. (TCO 6) A company has a minimum required rate of return of 10%. It is considering investing in a project that costs $210,000 and is expected to generate cash inflows of $85,000 at the end of each year for four years. The approximate net present value of this project is _______. (Points : 14) A. $59,442 B. $1,387 C. $65,375 D. $5,161

12. (TCO 7) Which of the following is not an operating budget? (Points : 14) A.Selling and administrative expense budget B. Direct materials budget C. Pro forma balance sheet D. Pro forma income statement

13. (TCO 7) Sargent.Com plans to sell 2,000 purple lawn chairs during May, 1,900 in June, and 2,000 during July. The company keeps 15% of the next month’s sales as ending inventory. How many units should Sargent.Com produce during June? (Points : 14) A. 1,915 B. 2,200 C. 1,885 D. Not enough information to determine.

14. (TCO 8) Standards that are based on efficient activity with allowances for unavoidable losses are called _______ (Points : 14) A. basic standards. B. maximum efficiency standards. C. currently attainable standards. D. expected standards.

15. (TCO 9) A static budget is appropriate in evaluating a manager's performance if _______________. (Points : 14) A. actual activity closely approximates the master budget activity B. actual activity is less than the master budget activity C. the company prepares reports on an annual basis D. the company is a not-for-profit organization

16. (TCO 9) If costs are not responsive to changes in activity level, how are they best described? (Points : 14) A. Mixed B. Flexible C. Variable D, Fixed

17. (TCO 9) Using the high-low method, what is the fixed cost for the following information? Month Miles Total Cost January 80,000 $96,000 February 50,000 $80,000 March 70,000 $94,000 April 90,000 $130,000 (Points : 14) A. $17,500 B. $36,000 C. $14,000 D.$50,000

18. (TCO 10) What do you call a budget report that is prepared to report on unusual events that require immediate attention? (Points : 14) A. Advance report B. Special report C. Unique report D. Progress report

This assignbment needs improvement on my key assignment

Section 3: Requirements Management (REQM)

Review the practice area for Requirements Management in CMMI (or Software Requirements Analysis in ISO 12207 if you have access to it).

• In 2–3 paragraphs, summarize how the practice area is supposed to help teams.
• Describe 2 things that your team should do (based on this standard) in your project to promote quality requirements (1–2 paragraphs each).

Section 4: Process and Product Quality Assurance (PPQA)

Review the practice area for Product and Process Quality Assurance (PPQA) in CMMI.

• Within 2–3 paragraphs, summarize how the practice area is supposed to help teams.
• Describe 2 things that your team should do (based on this standard) in your project to promote quality requirements (1–2 paragraphs each).

Please Note:

The key to this assignment is to be able to review a standard and pick out the important things that you think will make a difference in the project. Not everyone’s answers will be the same, so choose those that will help your project team the best, based on your approach.

This assignbment needs improvement on my key assignment

• Update all of the previous sections based on instructor feedback.
• Change the cover sheet to indicate the current phase, date, etc.
• Add the sections below to your document.

Section 5: Software Development Methodology

• Choose a software development methodology to be used for this project based on the specific need of the project and the level of governance that is required.
• Provide 3–4 features of the model that crystallized your decision to use it. Be sure to explain these features as key features, with 2–3 sentences about each.
• Include a diagram and describe key parts. There should be a paragraph description of the model and how it flows.
• Detail 2–3 risks of using this methodology, and include mitigation strategies to minimize those risks.

Section 6: Standards

Scenario: You are trying to create a quality project. Although your team is pretty good, you should make sure they are aware of—and hone in on—a handful of activities that will make or break the project. This is where you use the standards to see where you can shore up your processes.

• Review CMMI (or ISO Practice) areas regarding requirements, development and testing. Possible areas to research include (but are not limited to):
  • Requirements management (REQM)
  • Technical Solution (TS)
  • Verification (VER)
• Select 7 things that should be focused on for this project. These should be based on the project type and methodology used (try to spread them across those three areas).
• Of these 7, create a table that lists the 7 key activities that should happen to promote quality, and describe that activity.
• In the table, include 2 columns:
  • The activities to promote quality
  • A short description regarding the activity and how it will promote quality

This is Mondays Assignment added to my Key assignment

• Update all previous sections based on instructor and peer feedback.
• Change the cover sheet to indicate the current phase, date, etc.
• Add the sections below to your document.

Section 7: Project Quality

• Based on the model you chose, determine the various project milestones that are within the project. Describe the review process that will take place at each of these milestones, such as the following:
  • At the end of project planning, the charter, project plan, and schedule will be reviewed and approved.
  • At the end of the requirements phase, all requirements and early design documents will be reviewed and approved by a specific person and with a specific focus.
  • There should be at least 8–10 minor and major milestones (could be a document sign-off, to a phase-end).
• Feel free to create a table of these things, and if necessary, map it to the governance needed and the project management activities.
• You can do this with a table or a diagram, and put some comments after it describing the key points.
• This entire section should be very usable. Long paragraphs are not needed. A table or a diagram is more appropriate.

Section 8: Product Quality

Introduction:

• Describe the type of product testing that will take place for this project at a summary level in the opening paragraph of this section.

Phases of testing:

• In the next section, indicate the phases of testing that will take place. Identify the deliverables and approvals that will need to be delivered.
• Include (at a minimum) the following:
  • Unit
  • Integration
  • System
  • Acceptance
  • Performance or usability
• Describe each type of testing within 2–3 sentences each. Include the goal of each phase of testing, as well as the roles involved.
• This is an actionabledocument that a lot of people will use. Present this information in an easy-to-read format, such as a table.

Please submit your assignment.

******************************* I added my key assignment**********************************************