suppose there is an economy-wide decrease in business taxes. what can we expect to see in the business cycle model?

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Answer 1

An economic cycle stage characterized by rising real GDP, income, and employment.

what is  business cycle model?The business cycle model depicts the changes over time in a country's total output and employment. The model depicts the four long-term phases of an economy: expansion, peak, recession, and trough.An increase in company taxes will result in lower after-tax profits for companies, which will limit their ability to spend, hence lowering AD. The converse will occur if company taxes are reduced for AD. Generally speaking, if government spending rises, AD rises as well.Recession can enter a country's economy during the contraction phase. The phrase "contraction phase" refers to the time during a business cycle when real GDP is declining.

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Related Questions

which of the following is not a reason why the aggregate-demand curve slopes downward? a. the wealth effect b. the interest-rate effect c. the classical dichotomy/monetary neutrality effects d. the exchange-rate effect e. all of the above are reasons why the aggregate-demand curve slopes downward.

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The statement that is not a reason why the aggregate demand curve slopes downward are c. the classical dichotomy/monetary neutrality effects.

Combination demand is calculated because of the sum of customer spending, funding spending, government spending, and the distinction between exports and imports. Every time this type of factor modifications and when aggregate delivery stays regular, then there is a shift in combination demand.

Aggregate demand will increase when the additives of aggregate demand–including consumer spending, funding spending, authorities spending, and spending on exports minus imports–rise.

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which one of the following is an example of a systematic risk? group of answer choices a well-managed firm reduces its work force and automates several job categories a well-respected chairman of the federal reserve suddenly resigns a well-respected president of a firm dies unexpectedly in an accident a key employee of a firm suddenly resigns and accepts employment with a key competitor a poorly managed firm suddenly goes out of business due to lack of sales

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A well-respected president of a firm dies unexpectedly in an accident. This can be an example of a systematic risk.

In finance, systematic risk is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy wide resource holdings, or aggregate income.

What is systematic risk and its types?

Types of Systematic Risk

Systematic risk includes:

Market riskInterest rate riskPurchasing power riskExchange rate risk.

What is the example of systematic risk?

Examples include:

Natural disastersWeather eventsInflationChanges in interest ratesWarTerrorism.

What causes systematic risk?

Systematic risk is the ongoing risk that can be caused by a combination of factors, including the economy, interest rates, geopolitical issues, corporate health, and other factors.

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amounts withheld from employee's earnings for employee income tax is considered a by the employer until the government is paid. multiple choice question. current asset long-term liability current liability long-term asset

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The employer views the sums deducted from an employee's pay for employee income tax as a current liability until the government is compensated.

A current liability is a debt that the business plans to settle immediately utilizing resources shown on its current balance sheet. Accounts payable, wages, taxes, and deferred income are examples of typical current obligations.

The amount of federal income tax deducted from an employee's paycheck is known as withholding.

All of the current and fixed assets make up capital. Capital might be in the form of gifts or cash. As a result, a company entity's capital is divided into fixed capital and working capital.

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capital budgeting decisions are treated separately from capital structure decisions, even though these decisions may be highly interwoven. this interweaving is most apt to result in:

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Firms that reject positive NPV, and all-equity projects because changing to a debt-based capital structure always results in negative net present values.

In business, capital refers to the total amount of financial assets required to produce goods or services. These funds can be used to start a business, cover daily expenses, or grow and expand it.

Simply put, capital refers to cash or financial assets held by a company or individual. Because capital is used to generate wealth for the business, it is classified as an asset in accounting.

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when comparing societies, it is always best to be in one with a lower degree of income inequality. this is: question 8 options: a) scientifically provable to be true since income inequality is the most important consideration, and certainly more important than whether incomes are rising or not. b) a normative statement, but cannot be proved to be true scientifically. c) clearly false since economic science proves that a rising income is the most important consideration. d) because the natural rights theory says that everyone has a right to an equal income in order to have a fair society.

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when comparing societies, it is always best to be in one with lower income inequality. this is a normative statement, but cannot be proved to be true scientifically.

Income inequality refers to how income is distributed unequally across a population. The more unequal the distribution, the greater the income inequality. Wealth inequality, or the unequal distribution of wealth, is frequently associated with income inequality.

The gap between rich and poor continues to grow. If there has been any growth, it has disproportionately benefited higher-income groups, leaving lower-income households behind. This long-term rise in income inequality raises not only social and political concerns but also economic ones. It tends to drag down GDP growth as the lower 40% grows further apart from the rest of society. Lower-income people have been unable to realize their human capital potential, which is detrimental to the economy as a whole.

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when billing the insurance company, what resource provides the medical assistant with a common coding system representing procedures, supplies, and products not included in the cpt coding system?

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HCPCS resource gives the medical assistant a common coding system to use when billing the insurance company for procedures, supplies, and items not covered by the CPT coding system.

Why is the HCPCS coding system used?

A group of uniform codes known as HCPCS are used to identify medical procedures, supplies, goods, and services. The codes are used to make it easier for Medicare and other insurers to handle health insurance claims.

What does an HCPCS code do in terms of invoicing and insurance for healthcare?

The Healthcare Common Procedure Coding System (HCPCS) is a database of codes that describe the procedures, products, and services that Medicare beneficiaries and people covered by private health insurance plans may get.

Do CPT codes appear in HCPCS codes?

Level I and Level II of the HCPCS are the two main subsystems that make up the HCPCS. CPT (Current Procedural Terminology), a numerical coding system administered by the American.

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sales of abc corporation's digital video cameras are rising rapidly, profits are peaking, and competitors are entering the market. abc is able to maintain its market lead. judging from this example, the digital video camera is in which stage of the product life-cycle?

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Judging from this example, the digital video camera is in Growth of the product life-cycle.

The period of time between a product's introduction to the market and its removal from the shelves is known as its life cycle.

When a product is first introduced to the market, a company frequently pays more for marketing, but as product adoption increases, sales increase.

A product's life cycle has four stages: introduction, growth, maturity, and decline.

The growth stage follows if the product is a success. It is distinguished by increasing demand, rising production, and expanding availability. Different industries and products will require different lengths of time for a company's product to enter the growth phase.The product's popularity and recognizability increase during the growth phase. Even if a product faces fierce competition, a company may still decide to spend a lot of money on advertising. Instead of introducing their products to the market, marketing campaigns are more likely to focus on how their product stands out from the competition. A company may also improve a product's functionality in response to customer feedback.The growth phase of the product life cycle has a positive financial impact on revenue and sales. As rival products are offered by the competition, there is more competition, which could force the company to lower its prices and experience lower margins.

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which word best describes the social, political, economic, and technological factors with which marketers interact?

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Macroenvironment word best describes the social, political, economic, and technological factors with marketers interact.

The social science of economics examines how goods and services are made, distributed, and consumed. Economics focuses on the actions and interactions of economic agents as well as the operation of economies. Economics is the study of scarcity and its effects on resource use, the creation of goods and services, the expansion of production and welfare over time, as well as a wide range of other complex issues of paramount importance to society. Economics' most fundamental goal is to clarify how and why we choose the products we do. Numerous decisions made by people can be explained using the four fundamental economic concepts of scarcity, supply and demand of goods , costs and benefits, and incentives. The expansion of the labor force and the increase in labor force productivity are the two fundamental drivers of economic growth.

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the manager at best buy gave their employees tickets to the movies whenever they sold more than $1000 worth of stereo equipment in a day. although the manager has had this policy in place for 4 weeks, they have seen no increase in sales (i.e., the behavior of the employees hasn't changed). the movie tickets would be classified as a(n) .

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Although the manager has had this policy in place for 4 weeks, they have seen no increase in sales (i.e., the behavior of the employees hasn't changed). The movie tickets would be classified as unknown.

Risks that we are aware of and are also aware of their magnitude are known known risks. An corporation may, for instance, be aware that there is a chance they could lose 10% of their current client base to a new competitor.

The company is aware of the risk and has the ability to quantify it. Because all the necessary information is available, these risks are the easiest to handle.

The business only needs to make sure that it is prepared for the anticipated impact in order to manage the recognized risks. To make sure you keep an eye out for those recognized hazards, one feature may be combining a risk management methodology with business process workflows and integrated management change.

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a company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to the asset by recording an entry to remove it from the balance sheet. multiple choice question.

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The company has decided to a) discard the asset by recording an entry to remove it from the balance sheet.

Asset disposal, which is usually accomplished by selling or scrapping an asset, is the removal of an asset from a firm's records. These are frequently long-term assets like machinery, technology, or corporate cars that helped to produce revenues. In the reporting period in which the asset disposal occurs, a gain or loss may need to be recorded on the transaction.

In the given case, the firm owns an asset which is likely to be a fixed asset. If a business holds an asset that has undergone complete depreciation, then the asset has no market value and is no longer utilised in operations. The asset has been decided to be discarded by the firm, and an entry has been made to remove it from the balance sheet.

Complete Question -

A company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to____the asset by recording an entry to remove it from the balance sheet.

a) Discard

b) Depreciate

c) Take a loss on

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suppose you own a retail bookstore and want to analyze your sales by item. as you prepare your visualization, you realize that you have 3 items (pencils, bookmarks, bookcovers) that have relatively little sales as compared with your other items, and you want to group them together. to do this, you need to:

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Select the labels (items), click the paper clip icon to group the items, and then right click the row to rename the group using "edit alias"

What is right click?The right  click is also called a "secondary click". Right-click typically opens a context menu that provides actions related to the right-clicked menu, filename, or icon. Right-click, for example,  is the usual way to find file properties. If your Windows laptop does not have a right-click button, click  the bottom right corner of your touchpad.If you have only one button under your trackpad, press  right  to right-click.Buttons may or may not have left and right dividers. The right mouse button  is normally used to provide additional information or properties of the selected item. For example, highlighting a word in Microsoft Word and pressing the right button will bring up a drop-down menu with cut, copy, paste, change font, and more.

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jasmine gives all of her employees the same base salary and does not provide annual raises. however, throughout the year, she gives employees financial rewards tied to specific performances. the type of reward system used by jasmine is an example of .

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The type of reward system used by jasmine is an example of financial rewards.

When the term "financial rewards" is used, it generally refers to all forms of financial compensation that an Employer offers an Employee in exchange for their efforts, skills, and completed work.

In organizations, there are primarily three types of financial incentives: skill-based compensation, profit-related compensation, and individual performance compensation. These three types of compensation are essential for both employers and employees.

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customer relationship management (crm) is based on the idea that retailers can increase their earnings by

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Customer relationship management(CRM) is based on idea that retailers can increase earnings by providing a better selection of merchandise.

Who is a Customer relationship management?

Customer relationship management (CRM) is a process that allows businesses and other organizations to manage their interactions with customers by studying vast amounts of data and using data analysis in most cases.

They enable companies to gain a better understanding of the needs of their target markets and how to best meet those needs, retaining customers and boosting sales. With past, present, or potential customers, CRM can be applied. CRM stands for customer relationship management, and it refers to the ideas, practices, and guidelines that a business uses to communicate with its clients. The market for CRM is expected to reach $69 billion globally in 2020, according to Gartner.

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If you are filing taxes for your 2021 income, the due date for filing would be.

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"If you are filing taxes for your 2021 income, the due date for filing would be April 15 of the following year." You have to file them on or before 15th of April 2022.

In order to avoid paying interest and penalties, file your return early or prior to the stated due date on fourth month of the following year because it is also the date that the payment is due.

The so-called "Tax Day" in the United States typically occurs on April 15, the deadline for submitting individual tax returns to the Internal Revenue Service (IRS). The due date is postponed to the following business day if it falls on a weekend or holiday.

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dan is a project manager and met with two of his team members, ethan and theresa, for an update on the installation of a bathroom remodel. ethan reported the ductwork for the heating system is in bad shape and has to be replaced. they can finish it and get the system up and running in time, but we will have to buy more supplies. based on the information ethan provided about the progress of the project, dan was notified of a change that could negatively impact the . a.) project schedule b.) project scope c.) project budget d.) project deliverables

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Based on the information provided about the progress of the project and being notified of any changes that could have a negative impact on the project budget.

The budget is a plan that is systematically arranged in the form of numbers and is expressed in monetary units which includes all activities in a company or organization for a certain period of time in the future. Because it is expressed in monetary units, the budget is also often referred to as a financial plan. A company or organization must have a budget, because it has an important role for monitoring the company's internal economic growth rate. Budgets are usually prepared at the beginning of the year for a period of one year or more.

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Answer: C - project budget

Explanation:

arrange the five steps of the decision-making process given below in the correct order. a. obtain information b. make predictions about the future c. identify the problem and uncertainties d. make decisions by choosing among alternatives e. implement the decision, evaluate performance, and learn

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Correct order is- C​ = Identify the problem and uncertainties

A​ = Obtain information

E​ = Make predictions about the future

B​ = Make decisions by choosing among alternatives

D​ = Implement the​ decision, evaluate​ performance, and learn

An individual goes through a decision-making process while deciding which alternative or course of action will best suit their needs. It is a series of actions performed by managers in an organization to decide the intended course for business objectives and to initiate particular actions. Business intelligence and analytics tools should be used to help analyze objective facts and base choices on them.

You begin the decision-making process by determining the issue or selecting the objective. After that, you look for information about the issue and design uncertainties using that data.

You then pick one of the scenarios and decide in accordance with it. If the choices don't lead to the problem being solved, a different option is picked, and step 5 is repeated.

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the dividends account is a permanent account, whose balance is carried forward to the next accounting period.

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The given statement is False. All income statement accounts and dividends are temporary accounts. account carries forward from one fiscal year to the next. All balance sheet accounts except dividends are permanent accounts.

What do you mean by dividends account?

Dividend account can be defined as the sub-account that is generally maintained for the purpose of receiving and holding cash dividends paid by the Plan Sponsor on Employer Securities held by the Plan until distributed or invested in Employer Securities.

Dividends are generally consider the as an asset because they tend to increase the shareholders' net worth by the amount of the dividend. While for the  companies, dividends acts as  a liability because they reduce the company's assets by the total amount of dividend payments

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the brazilian firm coffee trader group is a major supplier of south american coffee beans to processors around the world. ctg buys raw beans from domestic growers and resells them in global markets, while controlling all marketing and distribution of the beans everywhere they are sold. ctg is a(n):

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CTG buys raw beans from domestic growers and resells them in global markets while controlling all marketing and distribution of the beans everywhere they are sold. CTG is a(n): Export-trading company.

Marketing is the process of exploring, creating, and delivering value to meet the requirements of a target request in terms of goods and services;( 1)( 2) potentially including a selection of target followership; selection of certain attributes or themes to emphasize in advertising; operation of advertising juggernauts; attendance at trade shows and public events; design of products and packaging seductive to buyers; defining the terms of trade, similar as price, abatements, bond, and return policy; product placement in media or with people believed to impact the buying habits of others; agreements with retailers, noncommercial distributors, or resellers; and attempts to produce mindfulness of, fidelity to, and positive passions about a brand.

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you would like to have enough money saved to receive a growing annuity for 25 years, growing at a rate of 4 percent per year, with the first payment of $60,000 occurring exactly one year after retirement. how much would you need to save in your retirement fund to achieve this goal? the interest rate is 12 percent.

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One would need to save $632390.02 in retirement funds to achieve the goal to receive the first payment of $60,000 occurring exactly one year after retirement.

PV of growing annuity,

= i = 0.04

= r = 0.12

So,

PV = 6000 / (1+r) + 6000(1+i) / (1+r)² + 6000(1+i)² / (1+r)³ +.....+ 6000(1+i)²⁴ / (1+r)²⁵

= ((6000 / 1+r) (1 - (1+i/1+r)²⁵) / (1 - (1+i)/(1+r)))

PV = (6000 / 1.12) × 11.80461369

PV = $632390.0191

Hence, PV = $632390.02

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If a company is open about pay issues, what results are they likely to see, especially with millennial employees? check all that apply. improved retention reduced discussion of wages reduced concern about work-life balance improved job satisfaction

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The most likely results will be Improved retention, reduced discussion of wages, reduced concern about work life balance and improved job satisfaction that is all the options are correct.

An organization hires employees and pays them for working in the firm at different levels. The pay scale of the employees are according to the designation of the employees. Whenever there is any abnormality in the pay scale of the employees the organization is solely responsible. However, if the firm remains open about the issues relating to payment, then it becomes easier for the employees as they manage their expenses accordingly. Also it gains trust of the employees and they remain permanent employees within the company. It also leads to lesser problems and discussions among the employees about the pay scale and lesser strikes by them regarding payment.

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stella ann freeman is having a difficult time deciding whether or not to attend a full-time mba program. how would understanding the concept of explicit and implicit costs help her make a decision?

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Commonly, explicit costs are used to represent monetary values. She must place a high value on the finances that can be utilized to purchase a car if the maintenance costs of her new car are relatively expensive.

What function do implicit and explicit serve?

In writing, explicit refers to something that is directly mentioned, whereas implicit refers to something that is implied but not explicitly stated.

Opportunity cost is the loss of alternative resources in order to use a particular resource. Stella Ann Freeman will be able to make a wise financial decision if she comprehends the idea of opportunity cost. She must first assess several forms of financial sources. What she will have to give up to purchase a new car. It can include things like traveling abroad or purchasing a new insurance coverage for the future. The opportunity can also be broken down into explicit and implicit costs in order to make the greatest economic option.

Commonly, explicit costs are used to represent monetary values. She must place a high value on the finances that can be utilized to purchase a car if the maintenance costs of her new car are relatively expensive.

However, the implicit costs do not have monetary values attached to them. Purchasing a new car can satisfy social needs, serve as a status symbol, and increase value to the vehicle. In order to determine whether she can afford to get a new automobile or not, she must also estimate the cost of the new car as well as numerous indirect charges, such as insurance premiums. When determining the worth of various alternatives to purchasing an automobile, the marginal cost should be smaller than the marginal benefits from the car.

Given that resources are scarce and can be used in other ways, all economic decisions are based on the opportunity cost.

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based on what you have learned and your own research can you provide examples of completion in the education market?

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Geographic location also plays a role in competition. Schools in good areas will have more students or more wealthy students because parents prefer their children to study in their neighborhood.

In geography, location or place refer to a region on the Earth's surface or beyond. The term location often suggests a higher degree of certainty than place, the latter often signifying an entity with an uncertain boundary, relying more on human or social aspects of place identity and sense of place than on geometry. A locality, settlement, or populated location is likely to have a well-defined name, but a boundary that is not well defined fluctuates depending on context. London, for example, has a legal limit, but this is unlikely to be totally consistent with common usage. An area within a town, such as Covent Garden in London, nearly always contains some ambiguity regarding its extent.

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explain the application of the historical cost principle in dtermining the acquistion cost of plant assets

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Once a cost has been determined, a business uses that sum as the foundation for accounting for the plant asset over the course of its useful life.

What is an application of historical cost?The amount paid when an object was purchased is known as the historical cost.Because it is frequently utilized in the reporting for fixed assets, historical cost is a key foundation in accounting.The basis for possible gains and losses from the sale of fixed assets is also established using this method.All costs associated with purchasing the asset and preparing it for usage are included in the cost of plant assets.Once a cost has been determined, a business uses that sum as the foundation for accounting for the plant asset over the course of its useful life.

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if it was determined that the movement of exchange rates was not related to previous exchange rate values, this implies that a is not valuable for speculating on expected exchange rate movements. a. technical forecast technique b. fundamental forecast technique c. all of these are correct. d. none of these are correct.

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The Delphi method, forecast by analogy, growth curves, extrapolation, and horizon scanning are all widely used tools for technology forecasting.

Technology forecasting normative techniques like relevance trees, morphological models, and mission flow diagrams are also frequently utilized.

What are the three methods for forecasting?

Qualitative techniques, time series analysis and projection, and causal models are the three fundamental types.

What are the four types of forecasting?

While a wide variety of quantitative budget forecasting tools are utilized frequently, this article focuses on the top four:

1) simple linear regression;

2) moving average;

3) straight-line; and

4) multiple linear regression

What is the need for technical forecasting?

Technology forecasting, like other forecasts, can assist both public and private organizations in making educated decisions. The forecaster can improve decisions to maximize benefits by analyzing future opportunities and threats.

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jamie deposits $10,000 in an account earning 3% interest, compounded quarterly. how much will the account balance be in seven years? select one. question 5 options: a. $10,176.32 b. $10,724.14 c. $12,327.12 d. $22,879.28

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The account balance be in seven years will be (a) $10,176.32

What is interest?

The Price you pay to borrow money or the Price you charge to lend money is called interest. The most common way to represent interest is as a yearly percentage of the loan amount. The interest rate on the loan is known as this percentage.

The simple interest formula:

Interest = P x R x T.

P = Principal amount (the beginning balance).

R = Interest rate (usually per year, expressed as a decimal).

T = Number of time periods (generally one-year time periods).

What are the two main type of interest?

Simplecompound interest

Simple interest is calculated at a predetermined rate on the loaned borrower's principal. Both the interest paid on the principal sum and the compounding interest are referred to as compound interest. Depending on the type of interest rate, an interest rate may be simple or compound.

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on december 30th of the current year, kpmg signs a $150,000 contract to privide accounting servies to one of its clients in the next year. kmpg as a december 31 year-end. which accounting principles or assumptions requires kpmg to record the accounting services revenue from this client in the next year and not in the current year?

Answers

According to the business entity principle, a corporation and an individual or group of individuals are two distinct economic entities in the books of accounts. correct option is (B).

The recording of revenue in the books of accounts is related to the revenue recognition principle. When and how to recognize and record revenue in the books of accounts are dictated by this principle for the accountant. This principle states that the business acknowledges revenue when it is generated, realized, or not when settlement occurs. In this instance, signing a contract does not result in income being earned. When the corporation provides its services.

How do you recognize revenue?

According to the concept of revenue recognition, as opposed to being received, revenue is recorded when it is realized, or realizable and earned. Before looking at various exceptions to the rule, learn about the fundamentals and procedure of revenue recognition with examples of the recognized criteria.

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The question was incomplete. Check below the complete question.

on december 30th of the current year, kpmg signs a $150,000 contract to privide accounting servies to one of its clients in the next year. kmpg as a december 31 year-end. which accounting principles or assumptions requires kpmg to record the accounting services revenue from this client in the next year and not in the current year?

a. Business entity assumption

b. Revenue recognition principle

c. Monetary unit assumption

d. Cost principle

e. Going-concern assumption

question content area if a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold? a.understated b.no change c.only inventory will be affected d.overstated

Answers

An erroneous physical inventory will cause the cost of goods sold and net income to be overestimated.

How does inventory work?

All the goods, services, and equipment that a company keeps in hand with the goal of selling them for just a profit are referred to as inventory. Example: If a paper provider uses a vehicle to deliver newspapers to customers, just the newspaper will be considered inventory.

What are the four different types of inventory?

Although there are more types of inventory, the four main ones are raw materials and components, finished goods, collaborate, and upkeep, repair, and operational supplies. Inventory is regarded as an asset by businesses since it costs money to purchase it, which it then sells for a profit.

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marissa purchases $500 of stock directly from a corporation without having to use an account executive or a brokerage firm. she is using a

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Marissa purchases $500 of stock directly from a corporation without having to use an account executive or a brokerage firm. She is using a Direct reinvestment plan.

What is a dividend reinvestment plan?

A Dividend Reinvestment Plan or DRIP is a program that allows shareholders to automatically reinvest their cash dividends into additional company shares. The company will set a limit on how many shares the investor can purchase in one transaction. For example, up to 100 shares with each DRIP purchase.

Some companies also offer cashless Dividend Reinvestment Plans that allow investors to automatically reinvest their dividends without purchasing stock.

Investors that choose this type of plan must use dividend-paying stocks like preferred stocks, common stocks, and money market funds.

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norski manufacturing wants to implement a system that will track everything from customer needs, orders, shipping, and payments. which type of system would be the best for them to investigate?

Answers

Order management is the process of keeping track of customers' orders and managing the steps necessary to fulfill them.

Accepting the order is typically the first step in the process;deciding on, packing, and sending the items in the order;and then keeping track of them until they are delivered.

What is a system for tracking orders?

A component of customer order management, an order tracking system enables both customers and businesses to efficiently and precisely track orders after they have been made.By providing a single point of contact for the procedures and actions necessary for the successful delivery of a product, it aids both customers and businesses.

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what are the critical needs of a company utilizing a strategic project portfolio system? multiple select question. involving a team of people rather than just an individual to make decisions. establishing a common financial goal for all categories of projects (compliance, operation,and strategic.) utilizing only financial selection criteria. getting input from senior management.

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The involving a team of people rather than just an individual to make decisions are the critical needs of a company utilizing a strategic project portfolio system.

A project portfolio strategic is a group of initiatives that are coordinated and optimized for an organization's tactical and financial objectives. Either the organizational or the functional level can manage a portfolio system. Combe and Githenz (1999) distinguish three broad categories of project portfolios: strategic or enterprise initiatives that add value. Operational: Initiatives that improve organizational efficiency and complete some essential functional tasks. Projects that must be completed in order to the preserve regulatory compliance.

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