All of the Following Are Tools and Techniques to Estimate

question 119

Multiple Choice

All of the following are tools and techniques to estimate resources EXCEPT:

• A)expert judgment.
• B)activity- resource analysis.
• C)bottom- up estimating.
• D)alternative analysis.

Calculate the acid test ratio.

Compute the ratio of accounts receivable to net sales.

Determine inventory levels and average inventory.

Understand the concept of working capital ratio.

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Definitions:

Degrees Of Freedom

A value, which is different for different statistical tests, that approximates the sample size or number of individual cells in an experimental design.

Degrees Of Freedom

The number of independent pieces of information upon which a statistical estimate is based, minus the number of parameters estimated.

Degree Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often related to the number of observations in a sample minus the number of parameters being estimated.

Group

A collection of individuals or items that are studied together in a research context, often to examine shared characteristics or effects of treatments.