Find solutions

Firm X and Firm Y are competitors within the same industry. Firm X produces its product using large amounts of direct labor. Firm Y has replaced direct labor with investment in machinery. Projected sales for both firms are 15% less than in the prior year. Which statement regarding projected profits is true? Firm X will lose more profit than Firm Y. Firm Y will lose more profit than Firm X. Firm X and Firm Y will lose the same amount of profit. Neither Firm X nor Firm Y will lose profit.24. Which of these needs does the Guide to the Project Management Body of Knowledge NOT serve? A. It identifies and disseminates generally accepted project management knowledge and practices. B. It provides a common language for discussing project management issues. . C C. It provides a blueprint for ISO certification of the project management process. . D. It serves as a basic reference source for project management.Question 3 (10%) Vehicles use a variety of engine types for their propulsion, including piston and gas turbine engines. a) Compare the approximate efficiency ranges achievable with gas turbine engines versus piston engines, and then explain why automobiles use piston engines instead of gas turbine engines. (5%) b) Explain why high-bypass turbofans are generally used for commercial passenger aircraft, instead of turbojets (low-bypass gas turbine engine). (2%) c) Many modern helicopters are also powered by gas turbine engines. Would high-bypass turbofans be suitable for helicopters? Why / why not? (3%)