The Is the Amount That Was Actually Spent to Achieve

question 57

Multiple Choice

The is the amount that was actually spent to achieve the work that was scheduled to be performed up to that point in time.

• A)total budgeted cost (TBC)
• B)cumulative budgeted cost (CBC)
• C)cumulative actual cost (CAC)
• D)cumulative earned value (CEV)

---

Definitions:

Unauthorized Transfers

Transactions or movements of assets that occur without the proper approval or consent.

UCC Article 4A

Governs the transfer of funds through electronic means between banks, establishing a legal framework for such transactions.

Wholesale Funds Transfers

involves the large-scale movement of money, typically through electronic systems, between banking institutions or within large corporations.

Credit Transactions

Financial agreements where payment is deferred to a future date, including loans, credit card purchases, and lines of credit.