Which of the Following Sources Would Most Likely Be Responsible

question 64

Multiple Choice

Which of the following sources would most likely be responsible for persistent "project cost over-runs"?

• A)rapidly rising inflation
• B)delays in obtaining contracts and permits
• C)lack of raw materials
• D)forecasting bias by the sponsoring manager

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost.

March

The third month of the year in the Gregorian calendar.

Standard Amount

A predetermined benchmark for expenses, revenues, or units produced, used for budgeting and measuring performance.

Actual Output

The quantity of finished goods or services produced by a company over a specific period.