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:

Total Costs

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Fuel Costs

Expenses incurred from the consumption of fuel, significant in operations involving transportation and machinery.

Pricing Policies

The strategies and methods a company uses to determine how to price its products or services.

Variability

The extent to which data points in a set differ from each other and from the mean or average.