Project Managers Typically Use ________, Also Called Analogous Estimating or the ______

question 23

Multiple Choice

Project managers typically use ________, also called analogous estimating or the ______ method when there is a past history of similar projects and rough-cut estimates are needed for strategic purposes two-to-five years out because, as estimating methods go, it is faster and less expensive.

• A) top-down, apportion
• B) bottom-up, range estimating
• C) bottom-up, learning curve
• D) top-down, phase estimating
• E) top-down, range estimating

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Definitions:

Discount on Bonds Payable

The difference between the face value of a bond and the price for which it sells when the bond's market value is lower than its face value.

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a set period, until the debt is fully repaid.

Journal Entry

A record in accounting that shows a business transaction and its effect on the accounts, typically involving a debit and credit.

Interest Expense

The cost incurred by an entity for borrowed funds, referring to the interest payments made on any form of debt for a specific period.