The ________ Variance Is the Difference Between the Earned Value

question 61

Multiple Choice

The ________ variance is the difference between the earned value and the actual costs for the work completed to date.

• A) schedule
• B) cost
• C) budget
• D) time
• E) performance

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Definitions:

Existing Loan

Refers to a loan that is currently active or outstanding, already agreed upon, and under the process of repayment.

Personal Liability

the legal responsibility of an individual to satisfy debts or obligations incurred, using personal assets if necessary.

Partnership

A commercial arrangement in which a business is co-managed and operated by at least two people, following conditions and goals outlined in a Partnership Agreement.

Estoppel

A legal principle that prevents someone from arguing something contrary to a previous position or statement that was relied upon by others.