A Thorough Evaluation of How Well a Project's Actual Performance

question 12

Multiple Choice

A thorough evaluation of how well a project's actual performance matches the projections made when the project was proposed is called a

• A) pre-audit.
• B) post-audit.
• C) risk analysis.
• D) sensitivity analysis.

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Definitions:

Indirect Labor

Labor costs of employees who do not directly work on the production of goods but support the production process.

Indirect Materials

Materials used in the production process but not directly traceable to a finished product, often included as part of manufacturing overhead costs.

Work in Process

Partially finished goods that are in the process of being converted into final products within a manufacturing process.

Cost of Goods Manufactured

The total cost incurred to produce products during a specific period, including costs of direct materials, direct labor, and manufacturing overhead.