The Explanation of Services Is a Document Prepared for the Customer

question 55

True/False

The Explanation of Services is a document prepared for the customer that describes what the project will deliver and outlines generally at a high level all work required to complete the project.

---

Definitions:

Avoidable Expenses

Costs that can be eliminated if a certain decision is made, such as discontinuing a product line.

Financial Advantage

A benefit enjoyed by an entity that puts it in a stronger financial position, such as lower costs, greater revenues, or superior investment returns.

Avoidable Expenses

Costs that can be eliminated if a particular decision is made, such as discontinuing a product or service.

Fixed Manufacturing Expenses

Fixed expenses that are not affected by changes in production or sales quantities, like rent, salaries, and insurance.