The ____ Involves Comparing the Actual Results with Those Predicted

question 33

Multiple Choice

The ____ involves comparing the actual results with those predicted by the project's sponsors and explaining why any differences occur.

• A) discounted payback
• B) internal rate of return
• C) post-audit
• D) net present value
• E) economic value added

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Definitions:

Informal Rule Making

The process whereby regulatory agencies create and issue rules and regulations through methods that are less formal than traditional rulemaking processes, often involving public notice and comment.

Efficiency

The economic principle of getting the most output from the least input.

Administrative System

A framework or process through which organizations manage tasks, procedures, and structures to achieve objectives efficiently and effectively.

License Revocation

The cancellation or withdrawal of a license, removing the legal permission to engage in a regulated activity.