To Help Assure Quality, the Project Quality Plan Should Contain

question 165

Multiple Choice

To help assure quality, the project quality plan should contain written procedures for

• A) assigning resources to tasks to be sure they meet the acceptance criteria.
• B) using various quality tools and techniques, such as audits, inspections, testing, checklists, and so on.
• C) communicating with stakeholders about subcontractors.
• D) scope creep.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, referring to the interest payments made on any form of debt for a specific period.

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender by a certain date.

Issuance

The process of distributing new or existing securities for sale to investors.

Journal Entry

A record in accounting that notes the details of a financial transaction in terms of debits and credits to the accounts.