Which of the Following Is the Business Case Used for During

question 139

Multiple Choice

Which of the following is the Business Case used for during the Managing a Stage Boundary process?

• A) Enable the Project Board to decide whether or not to authorize the project
• B) Justify the continuing viability of the project
• C) Enable the Project Board to decide whether or not to authorize project closure
• D) Justify the initiation of a project

Differentiate between ideal standards and normal standards and their impact on variances.

Recognize how standard costs are implemented and utilized within the general ledger and accounting systems.

Appreciate the process and complexity involved in setting standard costs, including the roles of various departments.

Identify and calculate different types of variances, such as materials quantity variance and labor variance.