Answer question no 4(b) in details.

Question 3. [1132 Marks ] (a) Illustrate how you will make the final decision using iterative budget system along [32 with the key points of early management theory. (b) In a project, total 10 products will be produced by each worker. The time needed for producing the first product is 20 minutes. Labor wage is $25/ hour. After 5 units, there is no further improvement. If the learning rate is 80%, measure the total cost for each labor. Question 4. [11 32 Marks] (a) Execute your thoughts on the major components for project appraisal. (b) Construct resource leveling for the following project depicted in Table Q4(b) Question 3. [1132 Marks ] (a) Illustrate how you will make the final decision using iterative budget system along [32 with the key points of early management theory. (b) In a project, total 10 products will be produced by each worker. The time needed for producing the first product is 20 minutes. Labor wage is $25/ hour. After 5 units, there is no further improvement. If the learning rate is 80%, measure the total cost for each labor. Question 4. [11 32 Marks] (a) Execute your thoughts on the major components for project appraisal. (b) Construct resource leveling for the following project depicted in Table Q4(b)