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.

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Definitions:

Indirect Cost

Indirect costs are expenses not directly tied to the production of goods or services, such as overhead costs including utilities, rent, and administrative salaries.

Oil Lubricants

Substances used to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move.

Factory Machinery

Tools and equipment designed for use in the manufacturing process within a factory to produce goods and products.

Rent Expense

The cost incurred for renting property or equipment used in business operations, recognized as an expense on the income statement.