Earned Value (EV) of a Task Is the Budgeted Cost

question 31

True/False

Earned value (EV) of a task is the budgeted cost of the work actually performed.

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Definitions:

Net Price

The final price after all discounts, rebates, and incentives have been subtracted from the list price.

Complement Method

A mathematical technique often used in digital computation to simplify subtraction, by working with the complement of numbers.

Trade Discounts

Reductions in price given by sellers to buyers in the commercial transactions, typically based on volume or frequency of orders.

Net Price

The final price after all discounts, rebates, and deductions have been applied, but before taxes and additional fees.