Match Each of the Following Terms with Its Definition

question 143

Multiple Choice

Match each of the following terms with its definition.
-A document prepared for the customer during project initiation and planning that describes what the project will deliver and outlines generally at a high level all work required to complete the project.

• A)Baseline Project Plan
• B)discount rate
• C)economic feasibility
• D)intangible benefit
• E)intangible cost
• F)legal and contractual feasibility
• G)operational feasibility
• H)one-time cost
• I)political feasibility
• J)present value
• K)recurring cost
• L)schedule feasibility
• M)Project Scope Statement
• N)tangible benefit
• O)tangible cost
• P)technical feasibility
• Q)walkthrough

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Definitions:

Straight-Line Amortization

An alternative method of amortizing bond discounts and premiums that allocates an equal dollar amount to each interest period. It is only permitted by GAAP under specific circumstances.

Bond Payable

A long-term liability representing money owed by a company to bondholders, to be repaid at a certain date.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting that is not necessarily aligned with the calendar year.

Assumptions

Fundamental beliefs or statements taken for granted in the planning and decision-making process.