It May Be Easier to Estimate the Costs for ____

question 88

Multiple Choice

It may be easier to estimate the costs for ____, but as the project progresses, the project team can progressively elaborate the estimated costs as more information is known or becomes clear to allow for more accurate estimated costs.

• A) near-term activities
• B) activities near the end of the project
• C) new activities with new procedures
• D) activities with long durations

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Definitions:

Exchange Rate

The conversion value of one currency in relation to another.

Net Gain

The difference between the selling price of an asset and its purchase price, after adjusting for costs, taxes, and other expenses.

Ratio

A numerical relationship showcasing how many times one number can include or fit into another.

Proportion

A mathematical concept that denotes a part, share, or number considered in comparative relation to a whole.