The Length of Time Expected to Complete an Activity Assuming

question 62

Multiple Choice

The length of time expected to complete an activity assuming that its development proceeds normally is called the:

• A)Optimistic duration.
• B)Pessimistic duration.
• C)Most likely duration.
• D)Normal duration.

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Definitions:

Depreciation

A technique for spreading out the expense of a physical asset across its lifespan.

Rent Expired

An expense recognized when the rental period has ended, reflecting the cost of using a property or equipment for that period.

Unearned Fees

Income received by a business for which the services have not yet been performed or delivered.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjusting entries have been made.