Reasons Why Estimating Time and Cost Are Important Include All

question 87

Multiple Choice

Reasons why estimating time and cost are important include all of the following EXCEPT

• A) to schedule work.
• B) to determine how long the project should take and cost.
• C) to develop cash flow needs.
• D) to determine how well the project is progressing.
• E) to help establish a project selection process.

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Definitions:

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively a company uses investments to generate profit.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

EBIT

Earnings Before Interest and Taxes, a measure of a firm's profitability that includes all expenses except for interest and income tax expenses.

Sales

The transactions of selling goods or services within a specific period.