You Are Writing a Project Scope Definition Document

question 39

Multiple Choice

You are writing a project scope definition document. Which of the following is NOT one of the items that would appear on a project scope statement or checklist?

• A) Deliverables
• B) Technical requirements
• C) Project Objectives
• D) Work breakdown structure
• E) Limits and exclusions

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Definitions:

Variable Expense Ratio

The ratio of variable costs to total sales, indicating how variable expenses change with sales levels.

Contribution Format

A way of presenting an income statement where variable costs are deducted from sales to show contribution margin before fixed costs are subtracted to show net operating income.

Income Statement

An income statement is a financial document that summarizes a company's revenues, expenses, and profits over a specific period, showing its financial performance.

Selling Price

The amount charged to the customer for a product or service, determining the revenue generated from sales.