Once We Have Defined a Project's Goals and Scope, the Next

question 90

Multiple Choice

Once we have defined a project's goals and scope, the next step is to ________.

• A) plan the project
• B) assess feasibility
• C) determine system requirements
• D) form the project team

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Definitions:

Fixed Component

The portion of a cost or expense that remains constant regardless of changes in the volume of goods or services produced or sold.

Dependent Variable

A variable that responds to some causal factor; total cost is the dependent variable, as represented by the letter Y, in the equation Y = a + bX.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent or salaries.

Total Expense

The sum of all costs and expenses associated with the operations of a business.