All of the Following Are Among the Benefits Realized as a Consequence

question 28

Multiple Choice

All of the following are among the benefits realized as a consequence of developing a cost management plan EXCEPT:

• A) It provides relevant, accurate and timely information to support intelligent and ethical decisions.
• B) It documents how the business case should be created
• C) It helps stakeholders to focus on schedule and performance as well as cost.
• D) It provides feedback that shows how the project's success is related to business objectives.

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Definitions:

Nominal Wage

The wage paid to workers stated in current money terms, without adjustment for inflation.

Real Wage

The purchasing power of an individual's income, accounting for inflation and reflecting how many goods and services can be bought.

Nominal Wages

Wages paid to employees not adjusted for changes in price level, representing the monetary value of earnings.

Real Wages

Wages adjusted for inflation, reflecting the purchasing power of income and the real value of earnings over time.