As Data Are Collected on ____, Including Portions of Any

question 91

Multiple Choice

As data are collected on ____, including portions of any committed cost, they need to be totaled by work package so that they can be compared to the ____

• A) planned cost, total budgeted cost.
• B) budgeted cost of work scheduled, actual cost of work performed.
• C) actual cost, cumulative budgeted cost.
• D) cumulative earned value, total budgeted cost.

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Definitions:

Money

An officially issued legal tender generally accepted as a medium of exchange, a unit of account, and a store of value.

Price of X

Denotes the amount of money required to purchase a specific good or service dubbed "X".

Price of Y

The amount of money required to purchase a specific quantity of product Y or service Y.

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.