An Estimation Technique Characterized by Schedule and Cost Estimates of How

question 67

Multiple Choice

An estimation technique characterized by schedule and cost estimates of how long something should take or should cost.

• A) Guesstimating
• B) Delphi Technique
• C) Time Boxing
• D) Top-Down Estimating
• E) Bottom-Up Estimating

---

Definitions:

Perpetual Inventory System

A system of inventory accounting that instantly logs inventory sales or purchases using computerized point-of-sale systems and software for enterprise asset management.

Gross Method

An accounting method where purchases are recorded at their full (gross) cost without deducting any cash discounts.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including the repayment period, interest rate, and the amount of the loan.

Sales Discounts

Reductions in the sale price offered by a seller to a buyer, typically to encourage prompt payment or in response to bulk orders.