The Estimation Phases of Project Progress, in Decreasing Order, Are

question 53

Multiple Choice

The estimation phases of project progress, in decreasing order, are:

• A)definitive estimates, order of magnitude estimates, and budgetary estimates.
• B)budgetary estimates, order of magnitude estimates, and definitive estimates.
• C)order of magnitude estimates, budgetary estimates, and definitive estimates.
• D)order of magnitude estimates, definitive estimates, and budgetary estimates.

---

Definitions:

Land Account

An account on a company's balance sheet that represents the cost of land owned by the company without any depreciation applied, since land is considered to have an unlimited useful life.

Investment Account

An account held at a financial institution for the purpose of managing securities, such as stocks and bonds, for investment purposes.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted over time for the investor's share of the investee's net profits or losses.

Undervalued Inventory

Inventory items that are reported at a value lower than their actual market value or cost of replacement.