The Bank Project Has Run into More Expenses on the Project

question 85

Multiple Choice

The bank project has run into more expenses on the project than were estimated. What is this called?

• A)Cost performance index
• B)Cost management
• C)Cost forecasting
• D)Cost overrun

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Definitions:

Stock Market

A public market for the trading of company stock and derivatives at agreed prices.

Future Earnings

Projected profits or income a company expects to generate in future periods.

Prior Period Adjustment

Corrections of errors in previously published financial statements not related to the current period.

Income Statement

A report detailing a company’s financial activities, including income and expenditures, over a designated accounting timeframe.