A Design Project Is Completed on Time,under Budget,to the Customer's

question 23

Multiple Choice

A design project is completed on time,under budget,to the customer's satisfaction,and in adherence to the technical specifications agreed.The new product takes the market by storm and everyone associated with the project receives a coveted gold star.Under the four dimensions of project success model,the project still needs to show:

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

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Definitions:

Straight-line Method

A method of calculating depreciation by uniformly distributing the cost of an asset minus its salvage value over its useful life.

Gain on Sale

The financial benefit that occurs when the selling price of an asset exceeds its original purchase price.

Loss on Sale

Loss on Sale occurs when the selling price of an asset is less than its carrying amount on the books, resulting in a financial loss.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, representing its decrease in value.