Which of the Following Is Not One of the Three

question 109

Multiple Choice

Which of the following is not one of the three phases of project management?

• A) planning
• B) scheduling
• C) controlling
• D) All of the above are project management phases.
• E) Both A and C are not project management phases.

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Definitions:

Equivalent Units

A technique in process costing that equates partially finished goods to a specific number of fully completed goods.

Shaping Department

A specialized division in manufacturing focused on altering raw materials into desired forms through processes like cutting, bending, or molding.

Cost Reconciliation Report

A financial document used to compare and reconcile the costs incurred with the costs allocated to products or services, often in process costing systems.

Work in Process Inventory

The cost of unfinished goods in the manufacturing process at a specific point in time.