A WBS Dictionary

question 64

Multiple Choice

A WBS dictionary:

• A)is part of the project scope statement.
• B)is only needed in the planning phase.
• C)provides details about the individual components of the WBS.
• D)is not used much, as all the information can be looked up on the Web.

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Definitions:

Cash Cycle

The period of time it takes for a company to convert its investments in inventory and resources into cash flows from sales.

Receivables Period

The average number of days it takes for a company to collect payments from its customers.

Inventory Period

The average time it takes for a company to sell its inventory and convert it into sales.

Payables Period

The average amount of time it takes for a business to pay its invoices and bills to suppliers.