Which of the Following Is NOT a Guideline for Better

question 20

Multiple Choice

Which of the following is NOT a guideline for better cost estimation?

• A)Have clear guidelines for creating estimates
• B)Use experienced developers
• C)Update estimates at the end of the project
• D)Use historical data

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Definitions:

Optimal Extraction Level

The most efficient rate of resource extraction that balances immediate benefits with long-term sustainability.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Extraction Costs

The expenses associated with the process of removing raw materials from the earth for use in production or consumption.

Fishery Collapse

A rapid decline in a fishery’s population because its fish are being harvested faster than they can reproduce.