Once the Project Starts, It Is Necessary to Keep Track

question 73

Multiple Choice

Once the project starts, it is necessary to keep track of actual cost and committed cost so that they can be compared to the ____.

• A) total budgeted cost
• B) cumulative budgeted cost
• C) total cumulative fees
• D) contract cumulating amount

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Definitions:

Rate of Return

A measure of the profitability of an investment, expressed as a percentage of the original investment.

R&D Spending

Research and Development (R&D) spending refers to the amount of money a company or country allocates towards research and innovation to develop new products, processes, or technology.

Interest-Rate Cost

The expense incurred from borrowing money, essentially the price paid for the use of borrowed funds, or, for investors, the returns from lending.