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.
2
Q
Calculating WIP closing value…
A
- Ignore and jobs complete in period.
- Add up material and labour in period.
- Calculate OAR (remember to include all jobs).
- Add everything together (including balance c/f or b/f).
3
Q
The Global Management Account Principals are…
A
Influence
Trust
Value
Relevance