What Type of Estimate Is Based on the Cost of Performing

question 67

Multiple Choice

What type of estimate is based on the cost of performing similar work in the past, adjusted for current job conditions?

• A) Analogous
• B) Parametric
• C) Engineering
• D) Ledger
• E) PERT

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action for individuals or organizations.

Measurement Error

The difference between the value that is observed in a measurement and the true value of what is being measured, often due to imperfections in measurement techniques.

Poorly Worded Questions

Queries formulated in a way that makes them difficult to understand or answer accurately, often leading to confusion or misinterpretation.

Social Desirability Effects

The tendency for survey respondents to answer questions in a manner that will be viewed favorably by others, potentially skewing true responses.