The Is the Product of the Percentage Completed and the Sum

question 45

Multiple Choice

The is the product of the percentage completed and the sum of the estimated costs of all the specific activities that make up a work package or the project.

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

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Definitions:

Federal Income Tax

A tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.

LLC

Limited Liability Company; a business structure allowing owners to benefit from the advantages of both the corporation and partnership forms of business.

General Partner's Liability

describes the legal responsibility of general partners in a partnership to bear unlimited personal liability for the debts and obligations of the partnership.