chapter 20, question 3
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3.
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Consider the case of the Cast Iron Company. On each nondelinquent sale, Cast Iron receives
revenues with a present value of $1,240 and incurs costs with a present value of $1,000. Cast Iron’s
costs have increased from $1,000 to $1,090. Assuming that there is no possibility of repeat orders and
that the probability of successful collection from the customer is p
= 0.96, answer the following.
a-1. What is the expected profit of granting credit?
Note: Negative amount should be indicated by a minus sign. Do not round intermediate
calculations. Round your answer to 1 decimal place.
a-2. Should Cast Iron grant or refuse credit?
b. What is the break-even probability of collection?
Note: Enter your answer as a percent rounded to 1 decimal place.
a-1.
Expected profit
100.4
per sale
a-2.
Should Cast Iron grant or refuse credit?
Grant
b.
Break-even probability
87.9
%
Consider the case of the Cast Iron Company. On each nondelinquent sale, Cast Iron receives
revenues with a present value of $1,240 and incurs costs with a present value of $1,000. Cast Iron’s
costs have increased from $1,000 to $1,090. Assuming that there is no possibility of repeat orders
and that the probability of successful collection from the customer is p
= 0.96, answer the following.
a-1. What is the expected profit of granting credit?
Note: Negative amount should be indicated by a minus sign. Do not round intermediate
calculations. Round your answer to 1 decimal place.
a-2. Should Cast Iron grant or refuse credit?
b. What is the break-even probability of collection?
Note: Enter your answer as a percent rounded to 1 decimal place.
5/9/24, 8:39 PM
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1. For what sports team is Gatorade named?
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CC: Zayna Izz Ud-Din (Exec Dir Of Finance and Planning)
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Which of the following best describes a collection
of projects, programmes and other work grouped
together and managed in a coordinated way?
A. Strategy.
B. Program.
C. Campaign.
D. Portfolio.
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QUESTION FOUR
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Ethical behaviour is necessary within a project organisation and is crucial in project business
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situations may arise that can provide an opportunity for unethical behaviour.
With regard to the above statements:
4.1 Provide five examples of unethical behaviour in a project context.
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Discuss the ways in which project managers can promote ethical behaviour.
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Time (Weeks)
Activity
Description
ImmediatePredecessor
Optimistic
Most Probable
Pessimistic
A
Meet with board
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Hire coaches
A
4
6
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C
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E
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F
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G
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H
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1
2
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QUESTION TWO
Gido et al (2022:337) contend that the capable project manager understands what motivates
team member and creates a supportive environment in which individuals work as part of a
high-performing team and are energised to excel.
Heading 1
Considering the characteristics of high-performing project teams, discuss the ways in which
the project manager can motivate team members and create a supportive environment.
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