Select the best answer for the following questions:1) An ongoing process that evaluates and implements functions that drive a business is:a) Mission impossibleb) Continuous improvementc) Quality controld) Cost effectiveness2) Project Schedules are meant to provide a path forward to guide the project planningprocess, but not all activities are on the 'critical' path. Those activities not on the CriticalPath are distinguished by including:a) Cost of activityb) Total Floatc) Long Lead timed) Negative Lag3) At what point in an engineering project is the Engineer involved?a) Conceptual Developmentb) Providing specificationsc) Design Developmentd) Financial pro-forma4) Engineers are characteristically good at all of the following but:a) Analyzing critical datab) Providing alternate solutions to process developmentc) Delegating tasks for a projectd) Provide Quality control during design.

Answered: Select the best answer for the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Business- An organization or entrepreneurial entity engaging in industrial, commercial, or professional activity is referred to as a business. Organizing any form of economic manufacturing of products or services is the goal of a business. Businesses can be for-profit corporations or charitable organizations working to advance a social purpose. Businesses vary in size and scope from small, local enterprises to enormous, global conglomerates.