A Work Element Whose Cost Is Fully Developed Would __________

question 24

Multiple Choice

A work element whose cost is fully developed would __________.

• A)exclude the cost of labor and resources
• B)include only the profit and direct costs
• C)exclude the cost of special machinery and overheads
• D)include direct costs plus overhead and G&A charges

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Definitions:

Set Down

To place or lay something in a specified location; in legal terms, it can refer to scheduling a case or matter for hearing in court.

Unjust Dismissal

Termination of employment that is deemed unfair or without proper legal cause, giving rise to legal action by the dismissed employee.

Vindicate

To clear from blame or suspicion; to justify, prove, or reinforce the correctness of someone's actions or a particular stance.

Party and Party Basis

A legal term referring to the assessment of legal costs that are to be paid by one party to another in a lawsuit.