The Output from Cost Planning Is Used as Part of the Overall

question 48

True/False

The output from cost planning is used as part of the overall project plan and can consist of one or all of these elements: budget estimates, units of measure, links to accounting control accounts, allowable variances, methods used to track progress such as earned value, and stakeholder reporting formats.

---

Definitions:

Marketable Securities

Financial instruments that can be easily converted into cash. They include stocks, bonds, and Treasury bills among others.

Current Liabilities

Financial responsibilities that must be settled within a period of one year.

Noncurrent Assets

Long-term assets that are not expected to be converted into cash within a year, such as property, plant, and equipment.

Stockholders' Equity

The ownership interest of shareholders in a corporation, calculated as total assets minus total liabilities.