A Cost Center for Which There Is a Clear Relation

question 29

Short Answer

A cost center for which there is a clear relation between inputs and outputs is referred to as a: a. Discretionary cost center.
B) Budget center.
C) Engineered cost center.
D) Kaizen center.
E) None of the above.

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Definitions:

Float

The duration a project activity can be postponed without affecting the start times of future tasks or the final project deadline.

Rough Order Of Magnitude

An early estimate of the cost, size, or duration of a project, with a broad level of accuracy.

Slack

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or affecting the project's overall timeline.

Conceptual Estimate

An early cost estimate based on basic project information and expert knowledge, used to assess project feasibility.