All of the Following Factors Must Be in Place in Order

question 7

Multiple Choice

All of the following factors must be in place in order to develop an analogous estimate effectively EXCEPT:

• A) An organization must know details behind the time value of money
• B) An organization must know the proposed effort differs from the previous project.
• C) An organization must have experience with the methods by which the proposed project will be performed.
• D) An organization must know how much previous projects actually cost.

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Definitions:

Advertisement

A public announcement in various media intended to attract interest or promote the sale of products or services.

Pique Technique

A strategy in social influence and compliance that involves making a request in an unusual manner to increase the likelihood of compliance by piquing interest.

Scarcity Principle

A psychological and economic principle stating that limited availability of a resource makes it more desirable and valuable.

Limited-number Technique

A marketing strategy that creates a sense of urgency by claiming a product is in short supply, urging quick consumer action.