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NEW QUESTION: 1
Continuous improvement, by definition, means that a business is always looking for:
A. Better employees and more customers.
B. Continually getting better customers into the shop.
C. Small things that can improve the overall customer experience.
D. Ways in which the business can save money.
Answer: C
NEW QUESTION: 2
A merchant has a chargeback rate of 0.03% on average daily sales of $200,000. After switching to a new merchant acquirer that is a bank, the merchant sees the rate increase to 0.05% or $10,000. The merchant's analysis reveals that the bank maintains its data warehouse in another country where the system network is routinely hacked. What act or standard is being violated?
A. Payment Card Industry Data Security Standard
B. Bank Secrecy Act
C. Foreign Corrupt Practices Act
D. Money Laundering Control Act
Answer: A
NEW QUESTION: 3
Budgets reserved for unplanned changes to project scope and cost are:
A. Management reserves.
B. Cost baselines.
C. Authorized budgets.
D. Contingency reserves.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
6.5.2.6 Reserve Analysis
Definition: estimates may include contingency reserves, sometimes referred to as time reserves or buffers, into the project schedule to account for schedule uncertainty. Contingency reserves are the estimated duration within the schedule baseline, which is allocated for identified risks that are accepted and for which contingent or mitigation responses are developed. Contingency reserves are associated with the "known-unknowns," which may be estimated to account for this unknown amount of rework.
As more precise information about the project becomes available, the contingency reserve may be used, reduced, or eliminated. Contingency should be clearly identified in schedule documentation.
[..]
Estimates may also be produced for the amount of management reserve of time for the project.
Management reserves are a specified amount of the project duration withheld for management control purposes and are reserved for unforeseen work that is within scope of the project.
Management reserves are intended to address the "unknown-unknowns" that can affect a project.
Management reserve is not included in the schedule baseline, but it is part of the overall project duration requirements. Depending on contract terms, use of management reserves may require a change to the schedule baseline.
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