The First Step in Estimating a Cost Function for Relevant

question 58

True/False

The first step in estimating a cost function for relevant costs is to select a cost estimation technique.

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Definitions:

Obligor

An individual or organization that is legally required to deliver a payment or service to another party as stipulated by a contract.

Assignment

The passage of control over assets, obligations, or rights from one person to another.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, particularly when the contract's purpose is to give a gift to the third party.

Cause of Action

A collection of sufficient facts that validates the entitlement to initiate legal action for the purpose of acquiring money, property, or enforcing a right against someone else.