The Process of Developing an Approximation of the Cost of the Resources

question 9

Multiple Choice

The process of developing an approximation of the cost of the resources needed to complete project activities is known as:

• A) capital budgeting.
• B) estimate resources.
• C) estimate cost.
• D) activity resourcing.

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Definitions:

Stoicism

An ancient philosophy emphasizing rationality and self-control, teaching that virtue is sufficient for happiness and one should not be controlled by the desire for pleasure or fear of pain.

Ethical Egoism

A moral philosophy that posits individuals should act in their own self-interest because it is the moral thing to do.

Analysis

The process of examining components or structures of a subject to understand its nature or to determine its essential features and their relations.

Hedonism

A philosophy that argues pleasure or happiness is the highest good and ultimate aim in life.