Project Cost Estimates Usually Anticipate That Resources Will Be Available,that

question 103

Multiple Choice

Project cost estimates usually anticipate that resources will be available,that the weather will not be extreme,and that funding will materialize,creating what are called:

• A)hyperactivity.
• B)standard operating procedures.
• C)standard duress.
• D)normal conditions.

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Definitions:

Reasonable Investigation

A diligent inquiry or examination to discover facts or gather evidence, conducted within the bounds of what is considered reasonable under the circumstances.

Sarbanes-Oxley Act

A U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures.

Public Company Auditors

Are independent entities or individuals tasked with examining and verifying the accuracy of a publicly traded company's financial statements.

Audit Committees

A subcommittee of a company's board of directors responsible for overseeing financial reporting and disclosure.