Comparison of the Actual Results for a Project to the Costs

question 66

Multiple Choice

Comparison of the actual results for a project to the costs and benefits expected at the time the project was selected is referred to as ________.

• A) the audit trail
• B) management control
• C) a post-investment audit
• D) a cost-benefit analysis

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Definitions:

Tangible Personal Property

Physical items owned by an individual or entity, such as furniture, vehicles, and electronics, excluding real estate.

Real Property

Land and anything permanently attached to it, such as buildings, fences, and natural resources, recognized as a form of tangible assets.

Immovable Property

Property that cannot be moved, such as land and anything permanently affixed to it, like buildings.

Property Held In Fee

A form of ownership where the owner has complete control over the property and can use, enjoy, or dispose of it at will; often referred to as fee simple ownership.