Which of the Following Statements Is True of the Points

question 42

Multiple Choice

Which of the following statements is true of the points system?

• A) Points are assigned by the clients at the beginning of the project.
• B) The most difficult task is assigned a point score of 1.
• C) Consecutive integers are used to award point scores to tasks.
• D) Points estimate the relative difficulty, rather than the relative duration of tasks.

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Definitions:

Net Income

The company's earnings post all deductions, including expenses and taxes, from its overall revenues.

Deferred Tax Liability

This is a tax obligation that a company owes but can pay at a future date due to timing differences between its financial accounting and tax filing.

Deferred Tax Asset

An accounting asset representing the amount of taxes payable in future periods due to deductible temporary differences and carryforwards.

Capital Cost Allowance

A tax deduction in some tax systems for businesses, representing depreciation on capital assets.