If the Cost Estimate for a Project Is a Basis

question 40

Multiple Choice

If the cost estimate for a project is a basis for contract awards and performance reporting, it should be a(n) _____ estimate and as accurate as possible.

• A)budgetary
• B)definitive  
• C)rough order of magnitude
• D)analogous

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Definitions:

Theoretical Perspective

An established principle used to formulate hypotheses that can be tested in social sciences.

Commuter Marriages

Relationships in which both spouses live and work in different geographical areas, necessitating travel and living apart for certain periods.

Prosperous Professionals

Individuals who have attained significant success and wealth in their professional careers.

Dual-Career

Pertaining to families or partnerships where both individuals pursue professional career paths concurrently.