Entrepreneurs can use supply and demand curves to help figure out the best price for their goods and services

Hammond Company decided to outsource its employees rather than hiring them on a full time basis. Which management activity does this decision pertain to?

a. Planning b. Organizing c. Controlling d. Operating

Committed costs in a project are

a. those costs budgeted for the scheduled activities. b. planned value of the project. c. budgeted costs of the work scheduled. d. the amounts that have been obligated or encumbered for materials, equipment, or services.