The Dimension of Project Success That Is Measured by Both

question 14

Multiple Choice

The dimension of project success that is measured by both an internal and external criterion is:

• A)future potential.
• B)business success.
• C)impact on the customer.
• D)efficiency.

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Definitions:

Pounds

A unit of weight commonly used in the British imperial and United States customary systems, equivalent to 0.453592 kilograms.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used, valued at the standard cost.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.

Standard Costs

Predetermined costs for materials, labor, and overhead used as benchmarks against actual production costs.