When Someone Familiar with Each Task Estimates What Percent of the Task

question 73

Multiple Choice

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the

• A) 0 / 100 percent rule.
• B) task complete rule.
• C) degree complete rule.
• D) work complete rule.
• E) percent complete rule.

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Definitions:

Benefits-Received Principle

The concept that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.

Corporate Income Taxes

Taxes imposed on the net income of corporations, calculated after deductions for costs, depreciation, and interest.

Elasticity

A general concept measuring the responsiveness of one variable to changes in another variable.

Efficiency Loss

The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.