The Top-Down Method of Estimating Project Time and Costs That

question 37

Multiple Choice

The top-down method of estimating project time and costs that is useful for projects requiring the same task, group of tasks, or product repeated several times, especially if it is labor intensive, is the ______________.

• A) ratio
• B) consensus
• C) apportion
• D) function point
• E) learning curves

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Definitions:

Natural Business Year

A fiscal year that ends when a company's sales are at their lowest point in their annual cycle.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.

Business Activities

Various operations, tasks, and functions carried out by a company in pursuit of its economic goals.

Drawing

The account used to record amounts withdrawn by an owner of a proprietorship.