In- House Development Teams May Intentionally _________ Project Costs in Order

question 149

Short Answer

In- house development teams may intentionally _________ project costs in order to force senior management buy- in.

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Definitions:

Surplus

An excess of revenues over expenses in a budget, or an excess of goods or materials than what is needed.

Price Floor

A government-imposed minimum price that can be charged for a good or service, aimed at preventing prices from falling too low.

Quantity Supplied

Refers to the amount of a good or service that producers are willing to sell at a given price over a specific period.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.