To Keep Track of ____ on a Project, It's Necessary

question 12

Multiple Choice

To keep track of ____ on a project, it's necessary to set up a system to collect, on a regular and timely basis, data on funds actually expended.

• A) actual cost
• B) budgeted cost
• C) projected cost
• D) estimated cost

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Definitions:

Habit

A regular practice or routine that is performed automatically without conscious thought.

Drive

An internal motivating force that compels action towards fulfilling a need or achieving a goal.

Incentive

Something that motivates or encourages someone to do something, often used in contexts of motivation and behavioral economics.

Need

A requirement for something because it is essential or very important, often referring to something necessary for psychological or physical survival.