The Processes Used by Management in Developing Estimates Include Which

question 31

Multiple Choice

The processes used by management in developing estimates include which of the following?

• A)Controls over the process.
• B)The reliability of underlying data in developing the estimate.
• C)Use of outside experts by management (for example,how they were used and their expertise).
• D)All of the above.

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Definitions:

Nuclear Family

A family unit that consists of two parents (of different sexes or the same sex) and their biological or adopted children, living together as a single household.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, which transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system.

Symbolic Interactionism

A sociological perspective focusing on the ways in which individuals interact through symbols, including language, to create social realities.

Durkheim

Emile Durkheim, a founding figure in sociology, known for his work on social integration, collective conscience, and the study of social facts, norms, and values.