Misc. Flashcards

1
Q

Properties of a Normal Distribution…

A

Is it completely described by the mean and standard deviation.
It is symmetrical.
It is bell-shaped.

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2
Q

Calculating WIP closing value…

A
  1. Ignore and jobs complete in period.
  2. Add up material and labour in period.
  3. Calculate OAR (remember to include all jobs).
  4. Add everything together (including balance c/f or b/f).
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3
Q

The Global Management Account Principals are…

A

Influence
Trust
Value
Relevance

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