The Major Variables in Project Management Are

question 58

Multiple Choice

The major variables in project management are

• A) scope, time, cost, and performance.
• B) scope, time, cost, quality, and risk.
• C) time, cost, quality, performance, and risk.
• D) time, cost, scope, and performance.

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Definitions:

Net Sales

The total revenue from sales transactions after subtracting returns, allowances for damaged or missing goods, and any discounts offered.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead costs.

Net Income

The final amount of profit made by a company once it subtracts all costs and taxes from its overall revenues.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting sold goods.