Travel Costs in the Project Costs Estimate Are for

question 20

Multiple Choice

Travel costs in the project costs estimate are for

• A)travel (other than local travel) required during the project.
• B)all travel by the organisation.
• C)travel costs for local meetings.
• D)travel for conferences that may not be related to the project.

---

Definitions:

Zero-Balance Accounts

Banking accounts that are maintained at a zero balance and have funds automatically transferred from a master account in the exact amount needed for specific transactions.

Average Daily Float

The average amount of uncollected funds represented by checks in the process of clearing, typically used in banking and finance to assess cash management efficiency.

Total Float

The total amount of time that a project task can be delayed without causing a delay to the project's completion date.

Cheque Clear

The process by which a cheque's funds move from the issuer's account to the recipient's account, and the cheque is deemed successfully processed.