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:

Long Period

A term referring to an extended duration of time, often relating to financial or strategic planning horizons.

Comparability

An accounting principle that allows stakeholders to compare financial information across different time periods effectively.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting that is adopted by most countries.

ASPE

Accounting Standards for Private Enterprises, which are the accounting standards used by private companies in Canada.