The Principle of Variability Means That, When Estimating Costs and Benefits

question 51

True/False

The principle of variability means that, when estimating costs and benefits, the first step is to estimate the change in activity.

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Definitions:

Primary Role

Refers to the main or most important function or responsibility that an individual, system, or entity has.

Business

A business or corporate body involved in trade, manufacturing, or professional services.

Virtue Ethics

Virtue ethics focuses on the moral character of an individual as the key element of ethical thinking, rather than rules about the acts themselves or their consequences.

Consequences

The results or outcomes that naturally follow from a specific action or set of conditions, often used in the context of cause-and-effect relationships.